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 …
Currency Pairs: Yuan, Aussie Rise on Trade Hopes Read More »
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, …
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 …
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 …
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 …
Dollar Struggling over Trade War, Gov’t Shutdown Read More »
The dollar floundered for traction against other currencies on Tuesday, with investors increasingly convinced that the Federal Reserve will not raise interest rates this year amid risks of a sharper slowdown in global growth. Read more here!
The European Central Bank designated three temporary administrators on Wednesday to take charge of Italy’s Carige bank in an unforeseen effort to save the floundering lender after it failed to raise new capital. Read more here!
The yen and the Swiss franc gained on Friday, as investors sought refuge in safe-haven assets because of renewed US-China trade tensions and weaker-than-expected data in the top two economies that revived global growth fears. Read more here!
The US dollar skidded lower against a basket of other currencies on Tuesday ahead of this week’s Federal Reserve meeting. Read more here!
Asian stock markets started the week on a cautious step following the soft economic data from China and Europe added to evidence of cooling global growth and reinforced anxiety over the broadening impact of international trade frictions. Read more!
The dollar hovered near a 19-month high on Monday, boosted by safe-haven buying as escalated worries of a global economic slowdown diminished appetites for riskier assets. Read more here!
he dollar was steady against most major counterparts on Friday, as investors’ attention switched to an expected US interest rate hike next week. Read more here!
The European Central Bank is still uncertain to formally end its generous bond purchase scheme on Thursday, but will take an increasingly dimmer view on growth. Read more here!
British Prime Minister Theresa May on Monday cancelled a parliamentary vote on her Brexit deal to seek more concessions but the European Union refused to renegotiate and lawmakers doubted her chances of winning big changes. Read more here!
The dollar lost nearly half percent against the euro and the yen on Monday after a weak US payrolls data fanned speculations that the Federal Reserve may stop raising interest rates after a highly likely move next week. Read more here!
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