Dollar Shrugs Solid ADP Report as Fed Awaited
Dollar continues to trade with a soft tone in early US session. Job data from US is slightly better than expected. US-China trade negotiations concluded in Shanghai without any concrete progress. But traders’ minds remain on FOMC rate cut later...
Dollar Weakens Mildly as Focus Turns to FOMC Rate Cut
Dollar trading generally lower today as markets await Fed’s highly anticipated rate cut. Though, the greenback is just the second weakest. New Zealand Dollar is the worst performing one for today so far on deteriorating business confidence. Swiss Franc is...
Dollar Mixed after Core PCE Inflation Miss, Aussie Tumbles on Risk Aversion
Sterling remains the overwhelmingly weakest one on no-deal Brexit concerns. New Prime Minister Boris Johnson is pushing EU to re-open Brexit negotiation. But there is no sign from EU on a position shift yet. Australian and New Zealand Dollars are...
Sterling Selloff Continues as No-Deal Brexit Risks Intensify
Selloff in Sterling remains the focus in Asian session today, as markets are adding their best to no-deal Brexit. The currency markets are relatively quiet elsewhere. Canadian Dollar is currently the second weakest, then Euro. Yen and Swiss Franc are...
Sterling in Free Fall as Johnson’s Government Steps Up Hard Line Brexit Rhetorics
Sterling drops broadly today as the new government is starting step up their hard line rhetorics on Brexit. Australian and New Zealand Dollar are also weak as markets await US-China trade negotiations that start tomorrow. Expectations for the talks in...
Yen Higher as Markets Turn Cautious in a Week of Fed, BoJ, BoE and Important Data
Yen opens the week broadly higher, following mild risk aversion in Asian markets. Traders are turning cautious ahead of FOMC rate decision, a string of worldwide economic data, as well as resumption of US-China trade negotiations. Swiss Franc is the...
Fed Rate Cut Still Expected after Solid Data, But Dollar Could Rally Further After That
Dollar ended as the strongest one last week as boosted by solid economic data from the US. While markets are still pricing in full chance of a Fed rate cut this week, strong data argue against the chance of further...
Dollar Jumps on Strong Q2 GDP, Yet to Break Key Resistance
Dollar rises notably in early US session after stronger than expected US GDP data. The solid data rises further question on whether Fed would really cut interest rate next week. Even so, a -50bps cut is basically out of question....
Dollar Cautiously Firm As GDP Awaited, Euro Recovery Lost Steam
Dollar turns mixed in Asian session today but remains the strongest one for the week. Recent economic data from US, including yesterday’s durable goods orders, have been solid, and raised some doubts on the need for Fed easing. Sterling is...
Euro Rebounds after Initial Selloff, ECB Opens Door to Rate Cut But Seems Not Urgent
After initial selloff, Euro quickly rebounds as ECB Mario Draghi’s press conference is not as dovish as the statement suggests. September ECB decision could be live, depending on upcoming economic projections. For now, Euro is the strongest one for today,...
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