Market Overviews

Euro Weakens after Uninspiring ECB, Risk Aversion Dominates With Coronavirus Fears

Euro is trading as one of the weakest major currencies, together with Canadian Dollar, for today. There is little inspiration from ECB rate decision and press conference. Canadian Dollar is ...
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Aussie Recovers on Receding RBA Cut Bet, But Yen Stronger on Coronavirus Worries

Australian Dollar rises broadly today as markets pare back bet on RBA rate cut in February, following better than expected job data. Though, upside is limited by risk aversion while ...
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Sterling Surges on Record Improvement in Business Optimism, Traders Pare BoE Cut Bets

Sterling jumps broadly today as traders pare back bet on an imminent rate cut by BoE next week. Record improvement in quarterly business optimism is seen as a trigger for ...
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Canadian Dollar Mixed Awaiting BoC and CPI, Dollar Firmer

Yen and Swiss Franc turn mildly softer today as risk aversions receded. Asian stocks recover generally even though upside is limited. Traders remain cautious on coronavirus outbreak in China, which ...
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Sterling and Euro Rebound on Data, Risk Aversion Remains

Sterling and Euro rebound strongly today as lifted by solid economic data. But overall market sentiments remain weak concern of outbreak of coronavirus in China, ahead of lunar new year ...
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Risk Aversion Dominates on Concerns of Coronavirus Outbreak in China

Risk aversion dominates the Asian markets today on concerns of coronavirus outbreak in China. Hong Kong HSI leads the way down, additionally pressured by Moody’s downgrade. In the currency markets, ...
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Dollar Rises Again after Brief Retreat, EUR/USD Pressing Key Support

Dollar, Canadian and Yen are so far the strongest ones in a relatively quiet day. The greenback is supported by recent data as well as easing trade tension. But as ...
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Dollar Retreats Mildly in Quiet Markets, Three Central Banks to Meet this Week

The financial markets are generally steady in Asian session today. Dollar turns slightly softer against Euro and commodity currencies, but losses are so far limited. Though, Sterling is clearly weak ...
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Dollar Could Be Staging Bullish Reversal as Trade Tensions Eased

The completion of US-China trade deal phase one was well received by investors. There was an additional bonus of scrapping the label of China as currency manipulator by the US ...
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Dollar Rises Broadly, But Upside Capped by Mixed Data

Dollar strengthens broadly today but upside is somewhat limited by mixed US economic data. Canadian Dollar is following as the second strongest as oil prices recover mildly. On the other ...
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Dollar Mildly Firmer in Mixed Markets, Aussie Soft

Dollar is trading with a mildly firm tone in Asian session today, riding on solid data from US released overnight. But there is no clear committed buying seen yet. Meanwhile, ...
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Yen and Dollar Lower as US Investors Cheer Trade Deal, Markets Mixed Elsewhere

Yen and Dollar trade broadly lower today while markets are having different reactions to US-China trade deal phase one, which was signed finally yesterday. Asian stocks were mixed while European ...
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