EUR/USD Wobbles Near 1.1170, US Data Eyed The common currency is looking to extend the rebound from overnight troughs vs. the dollar, now sending EUR/USD to the 1.1165/70 band...
USD Underpinned by Renewed FED Hike Expectations The Dollar index recovered to 96.142 last Friday from its low of 94.578 on 18 Mar, due to renewed Fed hike expectations...
Currency Wars Have Proven Futile in the Post-Crisis Era – Deutsche Bank Gautam Kalani, Research Analyst at Deutsche Bank argues that currency wars have proven futile in the post-crisis era...
CAD: Outperforming Loony – SocGen Alvin T. Tan, Research Analyst at Societe Generale, suggests that the Canadian dollar has been among the top performers year-to-date and the chief driver of that performance is the rally in crude oil prices coupled with the improvement in risk sentiment lately...
Sterling Takes a Pounding – SocGen Alvin T. Tan, Research Analyst at Societe Generale, suggests that the Sterling has been the G10 laggard this quarter amid mounting Brexit risks and the downward pressure is likely to intensify as we get closer to the referendum date in late June...
USD/JPY: Expect BoJ to Cut by 20bp in April – Danske Bank Research Team at Danske Bank, notes that the Japanese GDP contracted 0.3% q/q in Q4 15, and they see a high risk of a technical recession in Q4-Q1 with yet another negative growth rate in Q1. Key Quotes “Inflation printed at 0...
Forex - Yen Weaker after CPI Comes in Flat for February Investing.com - The yen traded weaker in Asia on Friday with some markets closed to mark Good Friday in a thin trading day. USD/JPY changed hands at 113.06, up 0.14%, while AUD/USD eased 0.04% to 0.7526...
Pairs to be Avoided are... - Deutsche Oliver Harvey, analyst at Deutsche Bank explained that the lack of trendiness persists in G10 with an average VHF standing at the 21st percentile. EUR/USD tops the technical scorecard in G10 space...
Slumping commodity prices have taken African currencies down with them, exposing the fundamental economic frailties of the world's poorest continent by driving up inflation in countries that import most of their manufactured goods...
Euro Declines Against Majors The euro drifted lower against its major counterparts in early New York deals on Thursday, as continued sell-off in commodities sapped demand for riskier assets, while a decline in Eurozone bond yields weighed...
USD/CAD Challenges Highs Near 1.33, Oil Plummets The greenback remains on a firmer footing vs. its Canadian neighbour on Thursday, now lifting USD/CAD to fresh peaks in the 1.3280/85 band...
EUR/USD Muted Post-US PMI, Around 1.1160 Nothing new around EUR/USD following today’s Services PMI in the US economy, keeping the negative ground in the 1.1160/50 band so far. EUR/USD now looks to US Q4 GDP The pair kept the composure after flash US Services PMI has returned above the 50...
Dollar Slides After Durable Goods Orders, Jobless Claims Data The U.S. durable goods orders for February and jobless claims for the week ended March 19 have been released at 8:30 am ET Thursday. After these data, the greenback slipped against its key counterparts. The greenback was trading at 1...
Turkish Lira Slides To 8-day Low Against U.S. Dollar After Turkey Rate Cut The Turkish Lira lost ground against the U.S...
Russian Ruble Slides To Weekly Low Against U.S. Dollar The Russian Ruble drifted lower against the U.S. dollar in European trading on Thursday, as oil prices declined on Fed rate hike fears and as official data showed large build in crude oil inventories last week...
Pound Off Lows Against Majors The pound trimmed its early losses against the other major currencies in Europe on Thursday. The pound recovered to 0.7899 against the euro and 1.3784 against the franc, from its early 15-month low of 0.7946 and a 2-month low of 1.3720, respectively...
GBP/USD Turns Positive Above 1.4100 The sterling has found strong buying interest around session lows near 1.4050 today, pushing GBP/USD well above the 1.4100 handle. GBP/USD clinches highs near 1.4140/50 The pair has found decent buying interest around 1.4050 today, quickly recovering the 1...
EUR/GBP Slumps to 0.7900, GBP Soars A strong rebound in the sterling is now prompting EUR/GBP to quickly retrace the earlier advance and return to the 0.7900 neighbourhood...
The Swiss National Bank (SNB) purchased 86.1 billion Swiss francs (62.58 billion pounds) in foreign currency last year to enforce a minimum exchange rate, scrapped in January, and influence exchange rate developments, according to its annual report published on Thursday...
CurrencyFair, one of a number of so-called peer-to-peer currency exchanges, has scored a further €8 million in funding. The round was led by Octopus Ventures, with participation from Proxy Ventures...
