Dollar Retreats Mildly in Quiet Markets, Three Central Banks to Meet this Week
The financial markets are generally steady in Asian session today. Dollar turns slightly softer against Euro and commodity currencies, but losses are so far limited. Though, Sterling is clearly weak as pressured by speculations of BoE rate cut. The Pound...
Dollar Could Be Staging Bullish Reversal as Trade Tensions Eased
The completion of US-China trade deal phase one was well received by investors. There was an additional bonus of scrapping the label of China as currency manipulator by the US Treasury. The is no time frame for the phase two...
Dollar Rises Broadly, But Upside Capped by Mixed Data
Dollar strengthens broadly today but upside is somewhat limited by mixed US economic data. Canadian Dollar is following as the second strongest as oil prices recover mildly. On the other hand, both Swiss Franc and Euro are paring some of...
Dollar Mildly Firmer in Mixed Markets, Aussie Soft
Dollar is trading with a mildly firm tone in Asian session today, riding on solid data from US released overnight. But there is no clear committed buying seen yet. Meanwhile, Australian and Canadian Dollars both turned weaker but New Zealand...
Yen and Dollar Lower as US Investors Cheer Trade Deal, Markets Mixed Elsewhere
Yen and Dollar trade broadly lower today while markets are having different reactions to US-China trade deal phase one, which was signed finally yesterday. Asian stocks were mixed while European stocks are soft. But US futures point to higher open,...
Markets Shrug US-China Trade Deal, Dollar Await Retail Sales
The US-China trade deal phase one was finally signed but market reactions were muted. US stock indices hit record highs but gains were limited. On the other hand, there were notable fund flows into bonds and Swiss Franc over political...
Swiss Franc Surges after Russian Prime Minister Resigns, Taking Euro Higher
Swiss Franc jumps broadly on political news from Russia today and takes the Euro higher. Yen follow as third strongest on risk aversion as European stocks also dive on the news. Sterling is among the weakest, following weaker than expected...
Sentiments Softer as Tariffs Will Stay after US China Trade Deal Phase One
The forex markets are rather mixed today as traders are holding their bets ahead of signing of US-China trade deal phase one. Sentiments turned softer after US indicated that tariffs will stay in place before conclusion of phase two. But...
Dollar Firm as after CPI, EUR/CHF Downside Breakout
Dollar rises broadly in rather quiet markets today. Consumer inflation data from the US is supporting the greenback’s firmness, but provides not further lift. Indeed, Swiss Franc is even stronger, as the best performing one today so far. China Yuan...
Sentiments Lifted as US Scrapped China’s Currency Manipulator Label
Yen weakens broadly today as markets are generally in risk on mode. US stocks rose broadly overnight with S&P 500 and NASDAQ closing at record highs. Sentiments were lifted as US scrapped labeling of China as currency manipulator, just ahead...
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