The US dollar has been on the back foot, especially against the safe-haven Japanese yen. For those hanging on to the greenback, where can hope come from? Here are two opinions: Here is their view, courtesy of eFXnews: USD: What Bulls Need To Do Now? – SocGen Societe Generale FX Strategy argues that USD bulls needs to … “USD: Cautious outlook for bulls – two views”
Author: admin_mm
US Dollar Maintains Losses Ahead of GOP Healthcare Plan Vote
The US dollar maintained most of the recent losses it had against major counterparts on Thursday, as investors held their positions in anticipation for a vote that decides the future of the GOP Healthcare plan. The vote, which will take place today in the House of Representatives, will gauge Republicansâ ability to stand united behind President Donald Trump as he pushes through with his political and economic agenda. If the Republican healthcare bill was … “US Dollar Maintains Losses Ahead of GOP Healthcare Plan Vote”
GBP/USD Rallies After Release of Strong UK Sales Data by the ONS
The GBP/USD currency pair rallied higher today after the release of strong UK retail sales data for the month of February by the Office for National Statistics. The British pound rallied higher boosted by the positive retail sales data as opposed to the weaker US dollar as investors exercised caution towards the greenback ahead of crucial House vote. The currency pair gained over 50 points at the peak of its rally, but had retraced some of its gains … “GBP/USD Rallies After Release of Strong UK Sales Data by the ONS”
Factoring In 3 Global Risk Themes; What’s The FX Trade?
The US dollar is struggling on the dovish hike and there is a “risk-off” sense in markets. What’s next? Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch Research outlines 3 key global risk factors in G10 FX, and broader financial markets: 1) the US outlook centered around the twin risks of tighter monetary policy … “Factoring In 3 Global Risk Themes; What’s The FX Trade?”
EUR/USD Rallies After Release of the Eurozone’s Current Account Balance
The EUR/USD currency pair rallied briefly earlier today after the release of the Eurozone’s current account balance, which recorded a minimal surplus, by the European Central Bank. The euro was stronger even as the US dollar came under renewed selling pressure during the early North American session. The currency pair gained at least 50 points at the peak of its rally before retracing some of its gains to trade much lower at the time of writing. … “EUR/USD Rallies After Release of the Eurozone’s Current Account Balance”
US Dollar Weakens as Doubts Grow Against Trump Tax and Spending Plans
The US dollar weakened on Wednesday against the euro and the British pound, and touched its lowest level against the Japanese yen in four months. Doubts grew between investors toward the promises of President Donald Trump to cut corporate taxes and raise infrastructure spending, which have weighed on the greenback. The US dollar had touched its highest level against the euro since 2002 in December 2016, in a rally that stemmed from Trumpâs victory … “US Dollar Weakens as Doubts Grow Against Trump Tax and Spending Plans”
USD/JPY: Trading the US New Home Sales
US New Home Sales indicator is released monthly, and provides analysts with important data the health and direction of the housing sector. A higher reading than the market prediction is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Thursday at 14:00 GMT. Indicator Background US New … “USD/JPY: Trading the US New Home Sales”
AUD/JPY at Lowest Since January
The Australian dollar dropped during the current trading session, reaching the lowest level in more than two months against the Japanese yen. Both domestic and overseas fundamentals contributed to the drop of the currency. The Westpac-Melbourne Institute Leading Index fell in February, though the growth momentum remained above trend. Prices for iron ore, Australia’s major export commodity, dropped this week, hurting the Aussie. The market sentiment was also an unfavorable factor for the Australian … “AUD/JPY at Lowest Since January”
Yen Climbs vs. Dollar to Highest in Four Months
The Japanese yen rallied today, reaching the highest level since November against the US dollar. The currency got boost from both domestic fundamentals and the cautious general market sentiment. Japan’s seasonally adjusted trade surplus climbed from ¥0.20 trillion in January to ¥0.68 trillion in February, exceeding analysts’ forecasts. The seasonally adjusted index for all industries activity rose 0.1% in January, in line with expectations. The Bank of Japan released minutes … “Yen Climbs vs. Dollar to Highest in Four Months”
US Dollar Falls Against Major Peers on Concerns About Trump Administration
The US dollar retreated against its main counterparts on Monday to touch its lowest level in 7 weeks, as concerns grew between traders that the economic plans of the Donald Trump administration might face difficulties. Traders became concerned that the new administration might be unable to implement its economic policies quickly enough for the US dollar to maintain its gains. The greenback had a rapid rally following Trumpâs victory in the US … “US Dollar Falls Against Major Peers on Concerns About Trump Administration”