The JPY started off the week by falling to a fresh 11-month low against the euro, as positive global data has led to increased risk taking among investors. After hitting 123.30 during the overnight session, the EUR/JPY...
Following the widely expected euro-zone interest rate hike yesterday, the euro hit a fresh 15-month high against the dollar, peaking at $1.4400. Meanwhile, the yen resumed its recent bearish behavior during the overnight session and lost over...
The euro took some mild losses against the yen and US dollar during the Asian session ahead of today’s euro-zone Minimum Bid Rate, scheduled to be announced at 11:45 GMT. The European Central Bank is widely expected...
The euro remained bullish in overnight trading as investors eagerly await the results of the ECB meeting scheduled to take place tomorrow. It is widely anticipated that the ECB will raise euro-zone interest rates, a move which...
As expected, the Reserve Bank of Australia held rates steady at 4.75% in light of the natural disasters in the region and RBA Governor Glenn Stevens will speak later today regarding future Australian monetary policy. In the...
The highlight of this week’s trading will be Thursday’s ECB Minimum Bid Rate. Traders will be expecting an initial increase of 25 bp and wording from the ECB that this week’s adjustment to the interest rate is...
Today’s non-farm payrolls report combined with the ISM Manufacturing PMI are expected to show further improvement in the US economy. With the increase of risk appetite, commodity prices have soared, benefitting the commodity currencies of Australia and...
At the beginning of the European trading session the dollar was on its back foot, but those losses were reversed following comments by St. Louis Fed President James Bullard. However, by the end of the trading day,...
The dollar moved lower versus the major currencies yesterday as traders continued to use the dollar as a funding currency in carry trades. Positive US consumer and housing data encouraged the resumption of this long term trend....
A consensus seems to be forming that risk aversion is returning to the market. Despite the sporadic release of positive data in various parts of the world, the overall trend appears to indicate a slow-down in recovery...
