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RBA's Glenn Stevens, speaking at the ASIC Annual Forum in Sydney, said there's more room to ease policy than most should a serious downturn occur...
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Gabriel D Arco, 22 March 2016, 07:08
NZ Dollar Advances Most Against Majors The New Zealand dollar strengthened against most major currencies in the Asian session on Tuesday. The NZ dollar rose to a 4-day high of 75.93 against the yen, from yesterday's closing value of 75.64. Against the U.S...
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Roberto Jacobs, 22 March 2016, 06:43
Renewed Euro Weakness Ahead - Westpac Sean Callow, FX Strategist at Westpac, expects renewed weakness in the shared currency, which should allow EUR/AUD for a target of 1.45...
Currency
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Roberto Jacobs, 22 March 2016, 06:36
Australian Dollar Rises Against Majors The Australian dollar strengthened against the other major currencies in the Asian session on Tuesday. The Australian dollar rose to a 4-day high of 85.10 against the yen, from yesterday's closing value of 84.82. Against the U.S...
Currency
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Roberto Jacobs, 22 March 2016, 05:59
AUD/USD Awaits Stevens AUD/USD is consolidated sub the 0.76 handle as the PBOC sets the USD/CNY mid -point today at 6.4971. AUD/USD been in gradual decline since losing the 0.76 handle again in the US, post a pop-up to test the 0.7620 offers in European trade...
Currency
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Roberto Jacobs, 22 March 2016, 04:46
USD/CNY: Fix to be Higher by 91 Pips - Nomura Analysts at Nomura offered their model for the CNY fix today. Key Quotes: "Our model projects the fix to be higher by 91 pips from the previous fix (6.4915 from 6.4824) and higher by 57 pips from the previous spot USD/CNY official close 6.4858...
Currency
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Roberto Jacobs, 22 March 2016, 04:33
The USD/CAD has collapsed after its parabolic rise ended in mid-January, when oil prices first showed signs of stabilisation. Since peaking at just shy of 1.4700, the Loonie has tumbled to below 1.30, hitting a low of 1.2925 last week...
Currency
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Francis Dogbe, 21 March 2016, 23:29 #Trading
Australian Dollar Off Early Lows Against Most Majors The Australian dollar came off from its early lows against most major counterparts in European trading on Monday. The aussie recovered to 0.7626 against the greenback and 85.07 against the yen, off early 4-day low of 0...
Currency
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Roberto Jacobs, 21 March 2016, 12:38
U.S. Dollar Rises Against Majors The U.S. dollar strengthened against the other major currencies in the early European session on Monday. The U.S. dollar rose to 4-day highs of 1.1253 against the euro and 1.4392 against the pound, from early lows of 1.1285 and 1.4467, respectively...
Currency
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Roberto Jacobs, 21 March 2016, 10:24
GBP/USD Dips Below 1.44 on Brexit Fears GBP/USD dipped below 1.44 handle as political developments in the UK over the weekend put Tory unity on austerity at risk and heightened bears of Brexit...
Currency
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Roberto Jacobs, 21 March 2016, 09:34
There is no trade call for the session. We expect trading to be light until UK CPI tomorrow. As always to kick-start the week I suggest reading my currency update below...
Currency
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Sherif Hasan, 21 March 2016, 09:06
EUR/GBP in Highs Above 0.7800 The now softer tone around the sterling is allowing EUR/GBP to clinch session highs in the 0.7810/15 band. EUR/GBP attention to risk trends The cross is looking to recover part of last week’s drop to the mid-0...
Currency
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Roberto Jacobs, 21 March 2016, 08:16
JPY: Why won’t it Fall? - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the rebound in risk appetite since the middle of February has allowed the DJIA to recoup all of the losses registered at the start of the year...
Currency
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Roberto Jacobs, 21 March 2016, 07:59
Canadian Dollar Slides Against Majors The Canadian dollar weakened against the other major currencies in the Asian session on Monday. The Canadian dollar fell to 4-day lows of 1.3070 against the U.S. dollar, 85.11 against the yen and 1.4743 against the euro, from last week's closing quotes of 1...
Currency
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Roberto Jacobs, 21 March 2016, 07:32
AUD/USD Off Lows, but Stays Below 0.76 AUD/USD recovered from session lows, but remains on a back foot below 0.76 handle after China’s central bank fired a warning shot about corporate debt levels. USD remains under pressure Losses were capped at 0...
Currency
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Roberto Jacobs, 21 March 2016, 06:24
NZ Dollar Drops Against Majors The New Zealand dollar weakened against the other major currencies in the Asian session on Monday. The NZ dollar fell to 5-day lows of 1.6702 against the euro and 75.13 against the yen, from last week's closing quotes of 1.6567 and 75.71, respectively. Against the U...
Currency
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Roberto Jacobs, 21 March 2016, 06:21
Australian Dollar Falls Most Majors The Australian dollar weakened against most major currencies in the Asian session on Monday. The Australian dollar fell to a 6-day low of 84.22 against the yen, from Friday's closing value of 84.74. Against the euro and the U.S...
Currency
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Roberto Jacobs, 21 March 2016, 06:20
NZD: Settled into a Trading Range - BNZ Jason Wong, Currency Strategist at BNZ, notes that after a sharp fall earlier in the year, the NZD has settled into a trading range...
Currency
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Roberto Jacobs, 21 March 2016, 05:52
Yen Rises Against Majors The Japanese yen strengthened against the other major currencies in the Asian session on Monday. The yen rose to 125.43 against the euro and 160.65 against the pound, from last week's closing quotes of 125.65 and 161.47, respectively. Against the U.S...
Currency
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Roberto Jacobs, 21 March 2016, 05:42
NZD/USD: Three-Month Outlook - Westpac Imre Speizer, analyst at Westpac explained that the Federal Reserve downgraded its interest rate projections last week, hurting the US dollar and thus boosting NZD/USD and offered a three-month outlook. Key Quotes: "We expect NZD/USD to fall towards 0...
Currency
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Roberto Jacobs, 21 March 2016, 05:16 #nzdusd