Dollar Stays Weak as Expectation on Fed Cut Solidifies
Dollar weakens generally again today as remains the worst performing one for the week, on expectation of July Fed cut. Fed Chair Jerome Powell also indicated that the decision could be based more on continuing uncertainties, rather than deterioration of...
Dollar Selloff Halts after Core CPI Acceleration, Not Sign of Rebound Yet
Dollar remains the weakest one for today even though selloff somewhat stabilized in early US session. Stronger than expected core CPI is providing some support to the greenback, together with job data. However, the question remains on whether Fed will...
Fed Cut Expectation Hammers Dollar, Lifts Stocks, But Yen Also Jumps
Now, after Fed Chair Jerome Powell’s testimony, a July Fed cut is more like a done deal than not. Dollar tumbled broadly overnight and selloff continues today. Euro is the second weakest as ECB will likely be a step ahead...
Dollar Drops as Powell Said Uncertainties Continue to Weigh on Outlook, Testimony Awaited
Dollar drops notably in response to Fed Chair Jerome Powell’s prepared remains for the two day Congressional testimony which starts today. The greenback is currently the weakest one for today, followed by Yen and the Canadian. On the other hand,...
Dollar Stays Firm ahead of Fed Powell’s Testimony, UK GDP & BoC Watched Too
Dollar remains the strongest one for the week even though upside momentum is diminishing today. The single most important factor for Dollar’s next move is whether Fed would cut interest rate at this month’s meeting. A 50bps cut is basically...
Dollar Stays Firm as Fed Powell Offers No Rate Clue Yet, Sterling Weak
Dollar, Swiss Franc and Yen remain the strongest ones for today. Risk aversion mode was turned on in European session and is carried forward to US session. Investors are turning cautious as expectation for Fed rate cut this month is...
Australian Dollar Softer on Weak Business Confidence and Chinese Stocks
Following mild pull back in US equities overnight, Asian markets are mixed. Though, apparent weakness in China and Hong Kong stocks are dragging down Australian Dollar, which is the weakest one for today so far. Sterling is the next weakest...
Euro Lower on Deteriorated Eurozone Investor Confidence
Euro trades broadly lower today as investor confidence deteriorated further despite slightly easing US-China trade tensions. German 10-year yield also weakens again following weaker investor sentiments, as German lender Deutsche Bank AG started its most aggressive restructuring and layoff. Sterling...
Dollar Paring Gains as Focus Turns to Fed Powell’s Testimony and FOMC Minutes
Asian markets tumble broadly, partly as reactions to Japan’s export controls on certain Korean semiconductor materials. Also, the weakness is partly due to adjustment in expectations on Fed’s rate cut this month, after Friday’s solid US job data. Though, the...
Markets Still Believe in a July Fed Cut, But Powell Has the Last Chance to Correct It
Major global treasury yield tumbled sharply last week on expectations of policy easing by central banks. In particular, ECB Governing Council member Olli Rehn issued panic call for further monetary stimulus “now”. German 10-year bund yield hit as low as...
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