Dollar Regains Ground after US Exempts Some Tariffs on China
Dollar regains some ground in early US session as US exempts tariffs on some Chinese products temporarily. It seems that both sides are keen to create the right mood for continuing negotiations, at least for now. Though, at this points,...
Sterling Surges as EU Juncker said a Brexit Deal is Possible by Oct 31
Sterling rises broadly today on optimism that a Brexit deal could finally be reached by the end of next month. For now, Swiss Franc and Yen are following as next strongest. On the other hand, Dollar turns soft as post-FOMC...
Focus Turning to Trade Talks after BoE, SNB and BoJ
Swiss Franc and Yen are trading as the strongest for today so far. Both like lifted by somewhat dovish yet balanced central bank decisions. There are no clear indication of imminent policy easing from SNB nor BoJ yet. On other...
Dollar Lacks Follow Through Buying after Fed’s Hawkish Cut
The stock markets are mixed after the hawkish rate cut by Fed overnight but treasury yields are back under pressure. Dollar rose mildly after the announcement but there was no follow through buying. Yen surges broadly today, riding on falling...
Markets in Tight Range and Fed Rate Cut Awaited
The forex markets are generally stuck in very tight range today, as markets await Fed’s rate cut. Dollar is the stronger one as followed by Canadian and Yen. Australian Dollar is the weakest one so far. Sterling follows as second...
Dollar Mildly Higher as Fed Cut Turned From Done Deal to Debatable
Dollar firms up mildly today as all eyes are on FOMC rate decision. A rate cut has turned from being a done to deal to debatable, based on market pricing. While a cut is still generally expected, the greenback could...
Euro Recovers as German Economic Sentiment Rebounds, Dollar also Higher
Euro recovers mildly today as partly supported by strong rebound in German economic sentiment. Though, upside is capped for now as outlook for the country remains negative. Follows as the second strongest, then Yen. Fed is still widely expected to...
Australian Dollar Turns Soft after RBA Minutes, on Mild Risk Aversion
Australian Dollar weakens broadly in Asian session after RBA minutes suggested more rate cuts ahead. Commodity currencies are also generally lower on mild risk aversion. There is little support from news of US-Japan trade agreement. on the other hand, Swiss...
Euro & Sterling Weak after Johnson’s Meeting with Juncker Made No Progress
Euro drops broadly today on some dovish comments from ECB officials. Also, it’s believed that surge in oil prices could hurt Eurozone’s balance of payment. Sterling stays weak as meeting between Prime Minster Boris Johnson and EU Jean-Claude Juncker ended...
Canadian Dollar Rebounds on Strong Oil Prices, Yen Firmer on Mild Risk Aversion
Canadian recovers notably today following the strong rally in oil prices, after attack on Saudi Arabia’s oil production. Yen follows as the second strongest on mild risk aversion, as sentiments are also weighed down by poor Chinese data. On the...
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