Dollar and Yen Stay Generally Soft, More Downside Likely in Near Term
After much volatility this week, Yen and Dollar are staying as the weakest one for the week. Receding concerns over US-China trade war boosted risk appetite in the US and Asia in general. It seems that Trump’s administration and Republicans...
Fresh Dollar Selling after Core CPI Miss, ECB & BoE Stand Pat While CBRT Hikes
Dollar has been relatively today and risks of escalation in trade war diminished. Deeper selling is seen after inflation data showed larger than expected fall in core CPI in August. Though, the greenback is currently underperformed by Yen due to...
US & China to Restart Trade Talks, Aussie & Stocks Boosted But Investors Showed No Commitment Yet
Risk appetite was given a strong boost overnight on news that US and China were going to re-start trade talks before now round of tariffs take effect. The news was further confirmed by White House economic advisor Larry Kudlow after...
Dollar Dips as PPI Fell for the First Time in 1.5 Years, But Loss Limited
Dollar dips slightly against the Japanese Yen in early US session after weaker than expected inflation data. But loss is so far limited. And, the forex markets continue to lack a general, committed direction. Yen is trading as the strongest...
Multiple Factors in Play as Currencies Await Clearer Directions
The forex markets are relatively quiet in range today as multiple factors are having conflicting impacts. Asian equities continue to diverge from the US stocks, as weighed down by trade worries. While Yen is mildly firmer today, it’s the second...
Dollar Surges as US-China Tensions Back in Spotlight, Sterling Rally Lost Steam
Market sentiments seem to be hurt by news that China is set to seek WTO backing next week to slap sanctions on the US. The sanctions would be for non-compliance with a WTO ruling over US dumping duties, which China...
Sterling Strong on Brexit Optimism, Look into Job Data for Further Strength
Yen and Dollar are trading as the weakest ones in Asian session as risk aversion receded. In particular, Nikkei rebounds over 1% as concerns eased about last week’s typhoon and earthquake. Canadian Dollar is the strongest one at the time...
Swiss Franc Dives on Easing Italian Budget Worries, Franc Crosses Could be Reversing
Swiss Franc tumbles broadly today as easing concerns over Italy’s budget narrows Italian-German yield spread notably. Italy Economy Minister Giovanni Tria’s comments over the weekend were well received by the markets. Euro also strengthens broadly, except versus Australian Dollar and...
Yen Mildly Higher as Asian Markets Weighed Down by Trade Tension, ECB to Highlight the Week ahead
Yen opened the week mildly higher as Asian markets are generally soft on risk aversion, after Trump warned of tariffs on additional USD 267B in Chinese imports on Friday. However, Nikkei is rather immured from trade threats for today, despite...
Dollar Soared as Data Support Fed Hikes, Trade War to Intensify
Economic data, Fed expectations, trade war, Brexit were among the biggest themes last week. Emerging market risks seemed to have abated. Meanwhile, Italy was less of a threat to Eurozone after the government pledged not to blow up the account....
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