While some technicals suggest the USD may pause here, the overall decline in volatility, caused by better global data - notably from China - is a headwind to the USD now...The EURUSD? I hear many concerned that Draghi will be worried about currency strength, but with retail sales and...
Asian shares rallied on Wednesday as markets pared back expectations for how fast and how far U.S. interest rates might rise this year, bruising the dollar and boosting sovereign bonds.MSCI's broadest index of Asia-Pacific shares outside Japan reversed four sessions of losses to jump 1.4 percent. South Korea hit...
U.S. Treasury Secretary Jack Lew said on Sunday that it was critical for China to continue moving toward a more market-oriented exchange rate and clearly communicate its actions to the market.Lew made the remarks during a meeting with Chinese Vice Premier Wang Yang in Beijing, following the G20 finance...
There is no doubt about the standout currency this morning, with sterling having gone up the escalators into Friday's close and down the lift-shaft at the start of the Asia session.Friday's up-move came on the back of the late evening deal between the UK and the EU on the...
EURUSD: Neutral: Daily closing below 1.0990 would shift outlook to bearish.For three days in a row, EUR dipped below the crucial 1.0990 support but each time, it rebounded to close above. As highlighted in recent updates, only a daily closing below 1.0990 would shift the current neutral outlook to bearish.In...
Expectations of a steady-as-she-goes message from the European Central Bank in the face of renewed financial market turbulence kept the euro strong against the dollar ahead of the bank's January decision on Thursday.With European stock markets recovering and oil prices stabilising after another dizzying sell-off on Wednesday, global investors'...
The ruble slumped to new record lows on Thursday, threatening more hardship for ordinary Russians and prompting some to stock up on dollars as the Kremlin denied the currency was collapsing.At one point the rouble had chalked up one of its biggest intraday drops in around a year, smashing...
Goldman Sachs and JPMorgan are making large donations to the campaign to keep Britain inside the European Union, sources said, highlighting the concern among some of the world's biggest banks over the impact of a British exit.Goldman Sachs (GS.N) has agreed to donate a "substantial six-figure sum" according to...
The European Central Bank is likely to keep interest rates on hold when its policymakers meet on Thursday, even as a market crash, tumbling bank stocks and ebbing inflation set the stage for action later in the year.The meeting of the Governing Council comes shortly after it cut the...
The safe-haven yen soared on Wednesday, as risk appetite soured after crude oil prices fell to near 13-year lows, dragging the dollar to a one-year low with investors trimming the chances of more tightening by the Federal Reserve.The dollar fell more than 1.2 percent to 116.10 yen in London...