Dollar Shrugs Solid Manufacturing and Job Data, Euro Even Worse
Manufacturing and job data released the US are pretty solid. But dollar shrugs off and stays soft. Though, Euro is even weaker on rumor that ECB is considering to revamp their inflation target, which could give policymakers rooms to pursue...
Dollar Back Under Pressure, Yen Jumps on Falling Yields
Dollar is back under pressure following weakness in US stocks and yields overnight. But it remains largely in range, except versus Yen. Indeed, Yen buying seems to be picking up momentum again, in tandem with steep decline in Nikkei in...
Markets Mixed as Inflation Data Provide No Guidance
The forex markets are generally locked in tight range today. Canadian Dollar is supported by largely expected consumer inflation data. While Loonie is the second strongest for today so far, USD/CAD is stuck in familiar range. The markets are indeed...
Dollar Maintains Gain as Focus Turns to CPI from UK, EZ and Canada
Dollar turns into consolidation in Asian session but it’s able to maintain most of this week’s gain. The greenback’s fate remains heavily dependent on whether Fed will cut interest rates later in the month. Strong economic data so far argue...
Dollar Rebounds on Retail Sales, Sterling Shrugs Solid Job Data
Dollar rebound strongly in early US session, with support from strong retail sales data. Though, upside is somewhat capped by industrial production miss. Canadian Dollar is, instead, the strongest one. On the other hand, Sterling is the weakest one for...
UK Employment, German ZEW and US Retail Sales Watched
New Zealand Dollar strengthens broadly today after CPI picked up in Q2. On the other hand, Australian Dollar trades slightly softer after RBA minutes affirmed easing bias. Euro and Dollar strengthen mildly in Asian session. But both will face tests...
Dollar Shrugs Solid Manufacturing Data, Sterling Leads Euro Lower
Commodity currencies remain the strongest ones for today with help from mild risk appetite. Dollar is trying to recover on stronger than expected manufacturing data, but no follow through buying is seen yet. The greenback will need more positive data...
Australian Dollar Higher on China Data, More Important Global Data Ahead
Markets are in mild risk seeking mode in Asian session, following record run in the US. China’s GDP data slowed to 27-year low in Q2, but strong June data offered glimpse of hope. New Zealand and Australian Dollar follow the...
Dollar Reversed, Stocks Made New Records on as Fed Cut Expectations Solidified
Dollar’s fortune reversed again last week as expectations of Fed July rate cut re-intensified. Such expectations also pushed US equities to new record highs. However, global equities lagged behind, with major FTSE, CAC and Nikkei closed inside prior week’s range....
Euro Turns Soft, Ignoring Strong Industrial Production and Rebound in German Yield
While Dollar remains the worst performing one for the week, Euro is overtaking as the weakest one for today. Selloff in crosses, in particular in EUR/CHF, is dragging down the common currency. Much stronger than expected industrial production data was...
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