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Asian Session – Dollar softer ahead of Yellen; Yen unmoved by weak Japan inflation data

Posted on August 26, 2016 at 8:32 am GMT

The US dollar fell against most major currencies on Friday as traders remained wary ahead of Fed Chair Janet Yellen’s much anticipated speech later in the day at the Jackson Hole economic symposium in Wyoming, United States. The dollar index was down 0.2% on the day as the US currency lost ground against most majors but it was flat against the yen. The Japanese currency came under some pressure after data out today showed inflation in Japan fell deeper into [..]

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Asian Session – Dollar stuck in range as investors look to Yellen for direction

Posted on August 25, 2016 at 8:03 am GMT

Major currencies were range-bound in Asian trading on Thursday as thin summer volumes and the lack of direction kept investors on the sidelines. The US dollar has been stuck in a tight range against the yen for the past week as traders remain split on the likelihood of a rate hike by the Fed before the end of the year. The dollar was flat around 100.40 yen, slightly down from its Asian session high of 100.61 yen. All eyes will [..]

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Asian Session – Dollar edges higher on strong housing data but trading cautious ahead of Yellen

Posted on August 24, 2016 at 8:20 am GMT

Currency markets were stuck in a summer lull as the absence of any major data and cautiousness ahead of Yellen’s speech later this week kept trading subdued in Wednesday’s Asian session. The dollar was lifted from stronger-than-expected new home sales figures out of the US yesterday with investors shrugging off a slightly weaker-than-expected flash manufacturing PMI reading. The greenback spiked below 100 yen several times before edging higher after the housing data. It was last trading around 100.30 yen in [..]

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Asian Session – Kiwi up on RBNZ rate view; Dollar drifts lower in subdued trading

Posted on August 23, 2016 at 8:13 am GMT

The New Zealand dollar was the best performing currency on Tuesday as comments by the Reserve Bank of New Zealand Governor Graeme Wheeler lifted the kiwi in an otherwise muted summer trading session in Asia. In a speech at the Otago Chamber of Commerce, Wheeler reiterated the central bank’s view that further cuts would be needed but warned of the risks of rapid easing. Wheeler said the RBNZ expects rates to be cut by a further 35 basis points in [..]

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European Session – Euro back above $1.13 as dollar rally fades; oil slips

Posted on August 22, 2016 at 2:04 pm GMT

A light economic calendar during today’s European session led currency moves to be driven by market sentiment, which turned towards risk aversion. Also, overall activity in the market is still light as the August lull led to thin trading conditions. Lack of risk appetite helped the yen gain back some lost ground against the dollar. The greenback had shot up in Asia after Fed Vice Chair Stanley Fischer added to the recent run of more hawkish Fed speakers. His comments [..]

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Asian Session – Dollar extends gains as Fed’s Fischer adds to hawkish voices

Posted on August 22, 2016 at 8:30 am GMT

Markets were quiet on the first trading day of the week as the summer holiday and a very light calendar kept traders away. The main driver of currency markets on Monday were comments from Fed Vice Chairman Stanley Fischer, which triggered a fresh rally in the dollar. Speaking at a conference in Colorado on Sunday, Fischer said the Fed is getting close to hitting its targets for full employment and 2% inflation. He added that although jobs growth has slowed [..]

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Week Ahead – All eyes on Yellen at Jackson Hole; Flash Eurozone PMI and GDP revisions also in focus

Posted on August 19, 2016 at 3:11 pm GMT

With not too many items on the economic calendar next week, attention will turn to Fed Chair Janet Yellen when she speaks at this year’s Jackson Hole Symposium in Wyoming, United States. The annual economic policy summit of central bankers and policy experts will be closely watched this year as investors look for clues from Yellen on the timing of the next US rate rise following some hawkish remarks from Fed officials recently. In terms of data, Eurozone flash PMI, [..]

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Asian Session – Dollar supported by hawkish Fed comments; Aussie dips on banks rating warning

Posted on August 19, 2016 at 8:28 am GMT

Currency markets were subdued on the last trading day of the week as volumes were thin due to the summer holiday and in the absence of any major data releases. The main market mover was more hawkish comments from Regional Fed presidents William Dudley and John Williams, which provided some support to the dollar. Dudley reiterated on Thursday that the US is getting closer to full employment and that economic growth should strengthen in the second half of 2016. Meanwhile, [..]

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