Dollar Higher on Trade Talk Hopes

The US Dollar gained some support against the Japanese Yen during Friday trade in Asia on renewed optimism that the trade talks between the US and China are exhibiting signs of progress. Yesterday, the Wall Street Journal had reported that Steve Mnuchin, the Secretary of the Treasury, was considering lowering Chinese import tariffs; that news, […]

Yen Higher as Nervous Jitters Grow

The Japanese Yen edged higher in Asian trade on Friday as renewed trade tensions between the United States and China revived fears of a global growth slowdown. The latest data from both countries has done little to alleviate those concerns. Yesterday, it was reported that President Trump is considering signing an executive order that would […]

GBP/USD is Expecting UK Growth Numbers

The GBP/USD fell apart at the psychologically important level at 1.3000 again at the end of this week’s transactions and ahead of the release of a group of important UK economic data. The pair pulled back to the support level at 1.3005 at the time of writing. The gains during this week drove the pair […]

Dollar Broadly Higher on Treasury Yields

The US Dollar was broadly higher as FX traders assessed the effects of a rout in global sovereign bonds that helped to boost yields on US Treasury instruments. Yields on 10-year notes touched a 7-year peak on hopes that today’s release of US Labor data will mimic Thursday’s upbeat labor figures on unemployment claims. Currently, […]

Trade War Escalation Sends Yen Higher

News that the ongoing US-Sino trade war is about to shift into high gear had given the Japanese Yen, as a safe haven currency, a lift. It was reported that the Chinese government has decided not to continue to discuss the trade issues with the US. The US has meted out more tariffs, including the […]

Euro Supported by Strong Data from Germany

Against the US Dollar, the common currency Euro inched higher to a 3-week peak on the latest economic news out of Germany, the EU’s economic powerhouse. According to Deutsche Bundesbank, Germany’s own central bank, factor orders picked up in May, both on a monthly and annual basis, climbing to 2.6% and 4.4%, respectively, against forecasts […]

Euro Destined to Record Weekly Gain

By the end of the trading day, the Euro could record the first weekly gain in nearly seven weeks as concerns over a brewing political crisis in Italy seems finally to be fading. The common currency is up about 0.4% this week after six consecutive weeks of losses, largely a result of clear signs of […]

Dollar Recovers on Improved Risk Sentiment

The US Dollar saw broad gains after an improvement in risk appetite helped to bolster equities and push yields on US treasury instruments significantly higher. That helped the US Dollar Index end a 4-day losing streak and gain 0.2% on Thursday’s close. The Index is used by FX traders to gauge the relative strength of […]

Euro Sinks After Disappointing Surveys

The common currency Euro had earlier struck a fresh 5-week peak versus the US Dollar as concerns that a global trade war had been brewing now seem to be receding. That had pushed investors to flock back into higher yielding assets which provided the Euro with solid gains since Monday. The latest data from the […]

Dollar Down on Tax Bill Worries

The US Dollar Index fell on Monday trading, largely as a result of cautious optimism that Donald Trump’s tax reform bill could be moving closer to ratification. While on Friday the bill had passed the negotiating committee, there is now some uncertainty as to whether it can be enacted as there has been spirited disagreement […]