The Chinese yuan slid against the dollar on Tuesday morning in Asia to the lowest level since December 28. The escalating trade tension between the U.S. and China also lifted the safe-haven yen amid risk aversion. The Sino-U.S. trade talks continues to be the focus of this week. The USD/CNY pair rose Read more
The dollar fell to a two-week low against the yen on Monday as a latest flare-up in global trade concerns dented investor risk appetites and drove down U.S. yields. The greenback was down 0.4 percent at 109.54 yen <jpy=>after dropping to 109.45, its weakest since June 11.</jpy=> Investors steered from risk, Read more
The euro climbed half a percent on Friday after stronger than expected French business activity in June raised hopes that concerns about a widening slowdown in the eurozone in the second quarter may be slightly overdone. With Germany flash services PMI data also beating forecasts, the single currency rose to Read more
The dollar took some steps back towards normalcy during morning trade in Asia Thursday, recovering its poise from the risk-aversion caused by elevated trade tensions between the U.S. and China earlier this week. The US Dollar Index that monitors the value of the greenback relative to a basket of six currencies stood Read more
The dollar gained slightly on Wednesday morning trade in Asia as yields on U.S. treasures bounced off lows but concerns lingered over a U.S.- China trade war that is heating up and hindering the recovery of the greenback. The U.S. dollar index, which tracks the greenback against a basket of currencies, Read more
The yen strengthened against the dollar in morning trade in Asia Tuesday after U.S. president Donald Trump raised the possibility of imposing new tariffs on US$200 billion worth of Chinese goods. Investors are entering risk-off-mode as worries mount over a U.S.-China trade war and the risk-off mode is benefiting the Read more
We stay bullish on Sterling for the week ahead but caution that ongoing Brexit talks and the Bank of England monetary policy announcement may weigh on GBP. This past week the UK government regained control of the Brexit negotiations, with all the House of Lords amendments defeated in Parliament, although what Read more
The euro on Friday was headed for its worst weekly loss in 19 months after a cautious European Central Bank signaled it will keep interest rates at record lows well into next year. Following a closely-watched meeting on Thursday, the ECB said it will end its massive bond purchase scheme Read more
The dollar slipped back from three-week highs against the yen on Thursday, quickly erasing gains made after the Federal Reserve took a slightly more hawkish policy tone in signaling two more rate hikes by year-end. The greenback’s bounce faded as traders booked profits before the European Central Bank’s meeting later Read more
The dollar reached a three-week high against the yen and stood tall against the euro on Wednesday ahead of a Federal Reserve policy meeting that could give clues on how many more U.S. rate hikes there will be this year. The Fed concludes its two-day policy meeting later on Wednesday, Read more
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