The FX Market was relatively quiet into the Fed announcement, with narrow ranges holding up for the major Dollar pairings. Later, the dollar inched lower then bounced following the FOMC announcement, where interest rates were left unchanged, as expected. The statement kept a December rate hike remained on the table, but did say growth of […]
OVERVIEW Gold continued to slide in value ahead of US Fed announcement on interest rates GBP USD is down slightly despite Brexit deal pessimism from former Brexit Secretary David Davis Canadian Dollar edges up slightly on strong PMI numbers HIGHLIGHT
The Dollar index was on the decline into the N.Y. open on Tuesday, though turned higher through the session, peaking at 96.36 from lows of 96.15. U.S. election nerves appeared to subside to a degree, which allowed Wall Street to rally, and the Dollar to edge higher. EUR-USD pulled back from 1.1438 highs to trade […]
The advent of today’s U.S. midterm elections has been crimping directional ambition in markets. USD-JPY ebbed back toward 113.00 after printing a one-month high at 113.44, while EUR-JPY and AUD-JPY also reversed out of respective two-week and one-month highs. The Yen’s rebound was concomitant with European stock markets and S&P 500 futures tacking lower, with […]
The USD index (DXY) was showing a decline of over 0.6% as of the early European PM session, just ahead of the New York interbank open, as U.S. midterm election results showed Democrats wresting control of the House. The Republican’s retained control of the Senate, largely as had been predicted by polls. EUR-USD rallied to […]
The Dollar has traded moderately lower as early U.S. midterm elections results confirmed the Democrats to be wresting control of the House while the GOP retained control of the Senate, an outcome that was largely predicted by polls. The USD index (DXY) is showing a modest 0.2% decline, continuing losses seen over the prior two […]
The Yen has broken lower while the Australian and New Zealand Dollars have lifted moderately higher in otherwise range-restricted trading so far today as market participants wait on the U.S. midterm elections, which carry significance for the Trumpian project. Asian stock markets have mostly lifted after a positive session on Wall Street, which set the […]
OVERVIEW The US Midterm Elections produced the expected split Congress, with a Republican-run Senate and Democrat-dominated House of Representatives. Pundits are pessimistic that the US Government will be able to pass additional economic stimulus programs, driving the Greenback down relative to competing currencies. BBC reports a Brexit deal should be in place by the end of November, pushing […]
The Dollar fell in overnight trade, with the initial reaction to the U.S. elections taken as sa net-negative by the markets. A surge on wall Street reversed that sentiment however, and the Greenback managed a modest rally through the morning session. EUR-USD fell to 1.1445 lows from 1.1500 ahead of the open, as USD-JPY topped […]
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