Monday, 09 July 2018 / Published in Daily Morning Report
The dollar traded near its 3-1/2-week lows against a currency basket on Monday after data last week showed slower-than-expected wage growth. The data showed average U.S. hourly earnings gained five cents, or 0.2% in June after increasing 0.3% in May. Meanwhile, nonfarm payrolls rise by a stronger-than-expected 213,000 in June, although its impact on currencies seem to
Thursday, 05 July 2018 / Published in Daily Morning Report
The dollar edged lower against a basket of the other major currencies on Today, a day before the U.S. and China were to hit each other with import tariffs, escalating a trade spat that many investors fear will hurt global growth. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies,
Tuesday, 26 June 2018 / Published in Daily Morning Report
The dollar steadied against a currency basket on Today as markets regained composure after remarks by White House trade adviser Peter Navarro helped ease investor concerns about U.S. trade policy. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, edged up to 0.94 by 06:50 GMT after ending the previous
Monday, 18 June 2018 / Published in Daily Morning Report
Daily Afternoon Report 18.06.2018 The dollar fell to the day’s lows against the yen on Monday as heightened trade tensions between the U.S. and China hit market sentiment, bolstering safe haven demand for the Japanese currency. USDJPY was down 0.23% to 110, pulling away from Friday’s three-week highs of 110.90. Market sentiment deteriorated as China’s retaliatory
Wednesday, 06 June 2018 / Published in Daily Morning Report
The dollar fell below the 94 level in morning trade on Wednesday, while its Australian counterpart got a lift from upbeat growth data that beat expectation. The AUDUSD pair gained 0.47% to 0.7652. The Aussie was supported by Australia’s GDP growth figure, which rose 1% on the quarter in 2018’s first three months, beating the estimated 0.8%. On an annualized basis, growth was 3.1%,
Thursday, 31 May 2018 / Published in Daily Morning Report
EUR - Euro
The euro moved higher on today, building on the previous days strong gains amid optimism that the political impasse gripping Italy can be resolved without fresh elections.  EURUSD rose up to 1.1701 by 07:41 GMT, extending its recovery from Tuesday’s ten-month lows of 1.1509. The single currency was boosted amid fresh attempts by the anti-establishment Five
Wednesday, 30 May 2018 / Published in Daily Morning Report
The euro rose back above the $1.16 level on today as it recovered after falling to multi-month lows the previous day as fears over political turmoil in Italy roiled markets.  EURUSD rose up to 1.1599 by 08:17 GMT, pulling away from Tuesday’s 10-month lows of 1.1509. The single currency has fallen around 4.1% against the dollar
Tuesday, 29 May 2018 / Published in Daily Morning Report
The euro fell to its lowest level since November against the dollar on Today as political turmoil in Italy and Spain weighed, while the safe haven yen posted broad gains amid widespread risk aversion.  EURUSD was down to 1.1571 by 08:11 GMT, the weakest level since November 11. The euro initially spiked on Monday after Italy’s
Monday, 21 May 2018 / Published in Daily Morning Report
The dollar opened the week rallying against the other major currencies in Asia, climbing to a fresh new high this year. Risk appetite revived as the trade war between the world’s two biggest economies is put “on hold”. U.S. Treasury Secretary Steven Mnuchin said on Sunday that the trade war with China is now put
Wednesday, 16 May 2018 / Published in Daily Morning Report
The U.S. dollar eased but remained close to five-month highs against a currency basket on today after a surge in U.S. government bond yields gave fresh impetus to a dollar rally that had lost momentum last week. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, dipped 0.11% to