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European Session – Dollar steadies near 1½-month lows as Trump angst continues to worry markets

Posted on January 23, 2017 at 3:34 pm GMT

Investor anxiety over Donald Trump’s policies continued to dampen market sentiment in European trading on Monday as the US dollar languished near 6½-week lows against a basket of currencies. The dollar index hit the lowest since December 8, touching 100.21, before recovering slightly to around 100.45 in late European session. Against the yen, the greenback hovered around 113.50 after dropping as low as 113.16 in the Asian session, while the euro eased slightly from 1½-month highs of 1.0754 dollars. The [..]

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European Session – Markets steady ahead of Trump’s inauguration; Oil rallies ahead of compliance meeting

Posted on January 20, 2017 at 4:16 pm GMT

Currency markets were relatively calm in Friday’s European session as global attention turns to President-elect Donald Trump’s inauguration ceremony in Washington. Investors will be eagerly watching for further clues on Trump’s economic policies in his inauguration address as much uncertainty remains over whether the new administration will implement many of the pledges made during the election campaign. The greenback fluctuated around 115 yen for much of the session, having recovered from its Asian session low of 114.53 to peak at [..]

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European Session – Pound slips back despite strong jobs data; Dollar attempts modest rebound

Posted on January 18, 2017 at 4:23 pm GMT

The US dollar recorded some gains against its major peers today following the previous days’ major losses. Indicative of the strengthening dollar was the rise in the dollar index to 100.63 in late European session, from 100.33 the previous day. Cable was down 0.8% at 1.2314 after strengthening by more than 3% in yesterday’s trading. The euro was down roughly a quarter of a percent at 1.0682 dollars, while dollar/yen was up by two-thirds of a percent at 113.34 after [..]

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European Session – Sterling attempts to move away from 32-year lows; Dollar struggles to cling onto 114 yen

Posted on January 16, 2017 at 4:18 pm GMT

The British pound was attempting a rebound in today’s European session after the currency opened sharply lower today on newspaper reports on Sunday that the UK Prime Minister will signal a ‘hard Brexit’ in her speech tomorrow. Growing fears that the UK government is prepared to abandon the EU single market drove the pound to as low as 1.1986 dollars earlier in the day, making it the lowest since 1984 if October’s flash crash is excluded. British PM, Theresa May, [..]

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European Session – Dollar makes late rebound despite retail sales miss; euro hits 2-month high versus pound

Posted on January 13, 2017 at 4:00 pm GMT

A late comeback by the US dollar led to a sharp reversal in most major pairs in an otherwise quiet session on the week’s last trading day. The greenback made an unexpected move upwards despite disappointing retail sales numbers out of the US today, with some analysts attributing this to a short squeeze. US retail sales came in lower-than-expected in December, and ‘core’ retail sales were particularly concerning.  On the headline level, the month-on-month growth in December came in at [..]

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European Session – Dollar steadies around 114 yen; Euro hits one-month high on ECB QE split

Posted on January 12, 2017 at 4:08 pm GMT

The slide in the US dollar continued to lift other currencies to multi-week highs in today’s European session as investors shun the greenback after Donald Trump failed to offer any new insight on his policy direction. The dollar index fell to a one-month low of 100.72 as the greenback sank against most currencies. Against the yen, the dollar hit a one month low of 113.75 yen at the start of European trading before rebounding to around 114 yen in late [..]

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European Session – Markets look to Trump press conference for direction; dollar edges higher

Posted on January 11, 2017 at 3:25 pm GMT

Major currencies see-sawed in their recent trading ranges, with the US dollar edging upwards ahead of the much anticipated press conference by Donald Trump later in the day. The President-elect is due to hold his first press conference since his election win at around 1600 GMT where he is expected to provide some clarity on his policies. Investors will be particularly interested in his trade and economic policies given much talk about a fiscal stimulus and import tariffs. The dollar [..]

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