Currency Pairs: EUR/USD Adds to Friday’s Highs
Currency Pairs: EUR/USD in highs after a tough week. Click here for more information!
Forex
Aussie Surges, Euro Recovers with China’s Economy
CURRENCY PAIRS – After data showed steady Chinese economic growth in the first quarter, the Aussie shot to a two-month peak on Wednesday, helping it shake off earlier losses. From the previous $0.7206, the Aussie was 0.2 percent higher at $0.7190, its strongest since Feb. 21. A four-month peak of 80.71 was also touched by the …
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FX Market: Dollar Strengthens, Pound Weakens
FX MARKET – Last Tuesday in Europe, nearly on its third week, the dollar was close to being on its highest level on trading. At the same time, optimism has been damaged, raising the possibility of a disruptive and disorderly Brexit by the euro and sterling. On Monday, the greenback against a basket of six …
Forex Markets: Dollar Gains on Kiwi Drop
FOREX MARKETS – The dollar strengthened while the Aussie and kiwi weakened on Wednesday after news said that the Reserve Bank of New Zealand announced future monetary policy easing. The US dollar index, which is an indicator of the dollar’s strength against a basket of six other major currencies, rose 0.2 percent at 96. 912, …
Currency Pairs: Dollar Rises on Trade Concerns
CURRENCY PAIRS –The dollar gained on Wednesday on safe-haven appeal after reports of further tensions in the US-China trade negotiations. However, gains were capped as investors awaited the Federal Reserve for its policy meeting later in the day. The supposedly negative impact of the Fed’s pausing of interest rate hikes on the dollar has been …
FX Market: Dollar Weakens on Soft US Economic Data
FX Market – Lackluster US economic data weakened the US dollar as it strengthened speculations that the Federal Reserve will cut rates in the year. Meanwhile, the British pound stayed near nine-month highs as market participants hope for a vote in delaying Britain’s exit from the European Union. US manufacturing output slipped 0.4 percent in …
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Dollar Soars, Aussie Slips on Economic Report
CURRENCY PAIRS – The dollar climbed up to a near-record-high against other majors early on Wednesday thanks to higher US yields and estimate-topping data. The Aussie, on the other hand, plummeted after lackluster economic growth data for the previous quarter. The dollar rose steeply after the unexpectedly positive data on US services industries were released …
Currency Pairs: Yuan, Aussie Rise on Trade Hopes
CURRENCY PAIRS – Hopes over an imminent trade deal between the United States and China that could potentially end a year-long tit-for-tat tariff dispute pushed the yuan and the Australian dollar higher on Monday. Behind such optimism was a report by a reputable news source on Sunday stating that the two countries are nearing a …
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Forex Markets: Dollar grapples ahead Fed minutes while gaining in Yen
The dollar struggles on facing its peers today, falling before the Federal Reserve’s (Feds) policy minute talk. However, it manages to gain on the yen when strong investor risk desires to rim the demand of the Japanese money. That makes the U.S. dollar up by 0.2 percent at about 110.83 yen. As the safe-haven currency …
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Euro Weakens on Pessimistic Economic Outlook
The euro slipped to a new two-week low against the dollar during the early trading in Europe, with traders expecting more pessimism over the global economic outlook. German industrial output data have already set the tone, showing a drop of 0.4 percent in December instead of the 0.7 percent rise that has been predicted. Meanwhile, …
Dollar Firm after Trump’s Speech Showed No Surprises
US President Trump’s State of the Union Address, which tackled trade and budget concerns but otherwise did not surprise listeners, showed no drastic effects on the dollar on Wednesday. Trump delivered an outline of his concerns for the coming year in an annual speech. Included in his speech was the issue of illegal immigration as …
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US Dollar Perks Up, Aussie Recovers from Losses
The US dollar retained its recent gains versus its major peers on Tuesday, backed by a recovery in investor’s risk appetite, which gave an overnight boost to US yields. The Australian dollar gained, recouping earlier losses, after the Reserve Bank of Australia (RBA) held rates at record lows at its first meeting of the year …
Yen Stronger after US Sues China’s Huawei
The yen was stronger against its peers on Tuesday with investors trying to take refuge in safe-haven assets after the US Justice Department charged Chinese giant Huawei Technologies Co Ltd with fraud, ramping up the US-China trade tensions. The United States on Monday charged Huawei, its chief financial officer, and two other affiliates with bank …
Dollar Struggling over Trade War, Gov’t Shutdown
The dollar was restrained versus its peers on Thursday, limited by concerns over global growth, the US government shutdown, and a yet-unresolved US-China trade war. “Trade tensions are the most dominant factor for investor sentiment right now and will drive market flows,” said Nick Twidale, who is the chief operating officer at Rakuten Securities. Twidale …
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Yen Slumps on Global Growth Risks and Trade Tensions
The safe-haven yen fell versus its peers on Wednesday as worries over slowing global growth and US trade tensions dampened investors’ appetite for riskier assets. The yen weakened by 0.3 percent versus the greenback to 109.73. Against the Aussie dollar, it slipped 0.5 percent. As widely anticipated, the Bank of Japan kept monetary policy unchanged …
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