Aussie Unmoved By Narrower China Trade Surplus
Both imports and exports higher than estimate Imports rose 27.3% y/y in US dollar terms, the fastest pace of growth since January, and beat economists’ forecasts of +16.2% by a large margin. Exports also topped estimates, rising 12.2% y/y, defying...
Dollar Consolidates Expecting Possible Rally
Financial markets rise on positive sentiments about earnings and China’s fiscal stimulus. That pushed down the demand for USD, but more likely it is just a step back before the jump. American indices added yesterday on strong earnings reports, where...
RBNZ to Maintain Flexible Stance, Downside Risks Linger for Kiwi
The Reserve Bank of New Zealand (RBNZ) is widely anticipated to keep interest rates unchanged when it announces its rate decision on Wednesday at 2100 GMT. Given mixed developments lately, officials are unlikely to alter their message from the latest...
Cannot Keep the ‘Big’ Dollar Down
The European and Asian sessions were happy to book ‘long’ dollar profits, but North America has decided to renew their acquaintance with the dollar bulls. A lack of major economic data releases and a stabilizing Chinese yuan overnight provided a...
British Pound Suffers ‘Brexit Blues’
Here are the latest developments in global markets: FOREX: The US dollar index is lower by a little more than 0.10% on Tuesday, giving back some of the gains it posted yesterday. Meanwhile, the British pound retreated across the board...
US Dollar Is Close To Its Important Levels
The demand for dollar, provoked by the fears of new US sanctions against a number of countries and expanding trade conflict with China push the American currency close to the upper edge of the trading range since April. The threat...
RBA Monetary Policy Meeting: More of the Same Story
On Tuesday the Reserve Bank of Australia is scheduled to announce its monetary policy decision at 0430 GMT and markets are almost certain that the central bank will maintain interest rates at record lows as it did over the past...
Sterling The Worst Performer, Aussie Weaker Ahead Of RBA Decision
Here are the latest developments in global markets: FOREX: The dollar index, which gauges the greenback’s strength against a basket of six major currencies, was trading higher by around 0.25%, with euro/dollar being down by 0.20% and trading around the...
Trade Conflict Between The US And China Is Again In The Spotlight
On Friday, economic reports on the US labor market were published. Thus, the number of people employed in the nonfarm sector slowed down to 157K in July, while experts expected 193K. At the same time, the value was revised upwards...
The Japanese Yen Loses Its Safe-Haven Status As China-US Trade Conflict Intensifies
The dollar adds at the start of a new week, despite the weak employment growth in July report. The EURUSD pair is trading near the 6-weeks lows at 1.1550. Despite a poor number of jobs created, market participants felt that...
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