The demand for the shared currency remains firm at the end of the week, taking EUR/USD to the upper end of the range in the 1.1460/70 band...
The greenback, in terms of the US Dollar Index, is trading on the back footing early in the European session although it manages to keep the area around 95.50 for the time being...
Analysts at Nomura explained that the euro has moved a long way (nearly 6% since our entry), and they feel it is prudent to tactically book profits. Key Quotes: "Expectations for the ECB have swung from low expectations of tightening to tapering and possibly two rate hikes by the end of next year...
EUR/USD is hovering around 1.1400, marginally lower. It is falling for the second day in a row as it continues to correct lower from 1-year highs that reached on Wednesday during the Asian session at 1.1489...
At the 6.75 range, the USD/CNY has hit its lowest level so far in 2017, and our outlook is that it will keep falling. China’s export surplus balance is holding strong at +$42.4 billion, and its surplus to the USA grew $3 billion in June alone...
The US dollar extended losses yesterday after the Fed Chair expressed uncertainty about the effects of tightening on inflation. After retreating as much 0.80% during the day, EUR/USD bounced back to 1...
FX Strategists at UOB Group now expect the pair to navigate between 1.1320 and 1.1520 in the near term. Key Quotes “EUR traded in a choppy manner yesterday, rising initially to a fresh high of 1.1489 before plummeting to hit a low of 1.1390 during NY hours...
On Thursday, the Bank of Canada will decide whether to raise rates. Will interest go up again, as it has over the past month? On the one hand, the BoC has a decidedly hawkish view. Currency traders have been convinced enough to price in 67 basis points worth of rate hikes for the coming 12 months...
Investors appear to expect a dovish statement today from US Federal Reserve Chairwoman Janet Yellen , i.e. a ‘Goldilocks’ not-too-fast, not-too-slow approach to monetary policy...
Trump Jr email release led broad USD weakness and risk-aversion extended into Asia on Wednesday, with the Yen’s recovery gaining momentum into a second day versus its American counterpart...
EUR/USD rallied to 1.1480 on Tuesday and extended gains to a 14-month high of 1.1484 in the Asian session today as the German bond yields resumed the rally, while the treasury yields underperformed on talks of Fed rate rise pause...
The USD/JPY pair lost nearly 50 pips in a matter of minutes after Donald Trump Jr. tweeted out an e-mail chain where Russians offered him information on Hillary Clinton that could help the Trump campaign. The pair quickly fell from 114...
The US dollar fell across the board, particularity against European currencies and the yen, after Donald Trump Jr. released emails between him and Rob Goldstone, regarding the involvement of Russian officials in the campaign. Donald Trump Jr...
The EUR/GBP cross traded with negative bias through early NA session on Tuesday, albeit has managed to bounce off lows and is currently trading in neutral territory around mid-0.8800s...
The single currency alternates gains with losses vs. the buck on Tuesday, taking EUR/USD to meander within a narrow range around 1.1400 the figure. EUR/USD cautious ahead of Yellen The pair stays almost unchanged around the 1...
The Bank of Japan looks likely be the only major central bank that will not to raise its interest rates this year. This is one great reason why investors are staying away from the JPY. The yen keeps just keeps on falling...
EUR/CHF finally managed to break somehow the 1.10 resistance to the upside yesterday. However further gains are needed to clear the way towards 1.11...
That is a good news for the Bank of Japan, investors are estimating the likelihood of another US rate hike much higher which is driving the yen currency lower. The US ZIRP (zero-interest rate policy) seems to approach to an end. The rate differential between the US yields should then increase...
On Friday, the US jobs report showed that the pace of job creation bounced back in June and addressed investors’ concerns after a worrying slump in May. The US economy added 222k nonfarm jobs in June compared to an upwardly revised figure of 152k in the previous month...
