Euro pares Draghi-induced gains; trade, Brexit and eurozone politics eyed Here are the latest developments in global markets: FOREX: The dollar index is higheron Tuesday, albeit by less than 0.10%, looking to extend the marginal gains it posted in the previous session. Meanwhile, the euro spiked higher after ECB chief Mario Draghi struck a more upbeat […]
Continue ReadingDollar modestly up; sentiment sours as China cancels trade talks Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies – is higheron Monday (+0.12%), looking set to extend the gains it recorded in the previous session. The safe-haven yen is also […]
Continue ReadingYen & dollar pummeled amid stock exuberance; key Eurozone and Canadian data due Here are the latest developments in global markets: FOREX: The dollar index is higher by a marginal 0.05% on Friday, recouping some of the significant losses it posted in the previous session as risk appetite remained firm and investors pared back more of their […]
Continue ReadingHas the dollar’s bullish phase ended? An interest rate hike next week has become certain. The probability for a fourth rate hike in December currently rests at around 90% according to US OIS, and for these reasons I see no new incentive to support a new dollar rise in the coming period. Also, let’s not […]
Continue ReadingSterling remains turbulent amid EU summit; UK retail sales coming up Here are the latest developments in global markets: FOREX: The dollar index is down by 0.10% on Thursdayafter ending the previous session practically unchanged, failing to capitalize on a sustained surge in longer-term US bond yields. In the UK, the British pound had a turbulent ride […]
Continue ReadingMarkets brush aside trade concerns; UK inflation in the spotlight Here are the latest developments in global markets: FOREX: The dollar index is lower on Wednesday, albeit not by much (-0.12%), giving back the slight gains it posted yesterday. The yen plunged across the board as investors rotated out of safe assets, after the US-China trade confrontation […]
Continue ReadingTrump fires fresh tariff salvo, how will China “strike back”? Here are the latest developments in global markets: FOREX: The dollar index is down fractionally on Tuesday (-0.08%), extending the notable losses it posted in the previous session, unable to attract safe-haven inflows even despite a fresh escalation in the US-China trade standoff. The pound gained ground on Monday alongside […]
Continue ReadingDollar recovers as trade tensions resurface Here are the latest developments in global markets: FOREX: The US dollar is down by a marginal 0.05% against a basket of six major currencies on Monday, largely holding on to the safe-haven gains it recorded in the previous session as concerns regarding a US-China trade escalation resurfaced. There was little […]
Continue ReadingYen crumbles amid risk-on mood; US retail sales in the spotlight Here are the latest developments in global markets: FOREX: The US dollar index is nearly unchanged on Friday(-0.02%), holding on to the losses it posted in the previous session following a disappointment in the US CPI inflation data. The yen also retreated across the board, as […]
Continue ReadingTrade talk hopes weigh on dollar; BoE, ECB & Turkish central bank policy decisions eyed Here are the latest developments in global markets: FOREX: The US dollar index is slightly higher on Thursday(+0.08%), recouping some of the losses it posted in the previous session as safe-haven bets on the currency were scaled back following news the US-China […]
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