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The Chinese yuan is still falling against the US dollar. The offshore deliverable CNY is nearing the seven threshold again, as Chinese officials have shown a lack of interesting in resuming trade...
Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup May 16, 2019With U.S. equities rebounding for the third day in a row, the greenback traded higher against...
The Australian dollar slid to the lowest since January 21st 2016 - if we discard the flash crash from January 2nd this year – amid disappointing job figures.The Australian dollar fell as low as...
After reaching its highest range in early May amid hopes of a swift arrangement between both leading parties Conservatives and Labour, it appears that the British pound has lost sight. Nervousness...
There’s been more weakness seen in the pound this morning with the currency dropping to fresh 3-month lows against the US dollar as political uncertainty continues to weigh heavy.Theresa May is...
GBPUSDThe Sterling slumped against US dollar to 1.2825 on Wednesday and reached to the lowest point since February. The news around Brexit is still dominating the Sterling, the news broke that the...
Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup May 15, 2019U.S. retail sales was the main focus today and if that was the only story, the greenback would...
Despite Japan’s economy worsening for the first time in six years, the yen is strengthening. The Cabinet Office’s coincident index of business conditions fell 0.9 point in April from March...
Global stocks are struggling to maintain Tuesdays gains as U.S futures have pared some of their earlier overnight advances, while Euro stocks have edged lower. In Asia, China led equity gains...
AUD/USD AUD seems to be hanging by a thread as the pair stayed within a tight range overnight, currently trading at 0.6938. U.S. President Donald Trump insisted yesterday that trade talks with China...
The Aussie found itself under pressure ahead of today’s wage data, thanks to soft consumer growth and Trump’s latest trade-twist. Just 27pips above 69c, it may take more than stronger...
Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup May 15, 2019U.S. equities rebounded Tuesday but the lack of a meaningful recovery in currencies is a sign...
Mixed UK Data Shrugged Off As Brexit Uncertainty ContinuesThere was mixed news from the UK economy this morning, which saw the pound initially extend its losses before rebounding slightly. The UK...
AUD/USD The much-anticipated Chinese retaliation has released its plan to impose higher tariffs on $60 billion worth of U.S. goods, the finance ministry said on Monday, after the United States...
AUD/USD Australian dollar, a proxy for Chinese economic prospects, hit a high of 0.7017 after news of a positive trade compromise surfaced, however closed under 0.7000. There is still significant...