All Articles Tagged - USDTRY

US Open Preview – Pound rallies as UK’s Raab eases Brexit fears; Oil gains the most

Posted on September 24, 2018 at 11:56 am GMT

Here are the latest developments in global markets: FOREX: After China canceled planned trade talks with the US on Saturday and new import tariffs took effect, Chinese officials reiterated on Monday that Beijing is ready for a new round of negotiations only if the talks are based on mutual respect. Investors, though, remained positive on the dollar as they widely expected the Fed to shrug off trade risks and deliver another 25 bps rate hike on Wednesday, with dollar/yen trading higher but only modestly [..]

European Open Preview – Yen crumbles amid risk-on mood; US retail sales in the spotlight

Posted on September 14, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is nearly unchanged on Friday (-0.02%), holding on to the losses it posted in the previous session following a disappointment in the US CPI inflation data. The yen also retreated across the board, as risk appetite remained firm and investors rotated funds out of haven assets and into riskier ones. Meanwhile, the euro gained slightly after the ECB confirmed its normalization plans remain on track yesterday, while the pound was [..]

European Open Preview – Trade talk hopes weigh on dollar; BoE, ECB & Turkish central bank policy decisions eyed

Posted on September 13, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is slightly higher on Thursday (+0.08%), recouping some of the losses it posted in the previous session as safe-haven bets on the currency were scaled back, following news the US and China are set to hold new trade talks. The risk-sensitive aussie surged, while the loonie also advanced after Mexico’s economy minister played up the prospect of a US-Canada trade deal. Elsewhere, the euro and sterling were little changed, ahead [..]

Turkish lira firms ahead of expected rate hike – Forex News Preview

Posted on September 12, 2018 at 2:57 pm GMT

Turkey’s central bank is widely expected to raise interest rates on Thursday, with a decision due at 11:00 GMT. The Turkish lira has advanced to two-week highs versus the US dollar in anticipation of much needed action by the Central Bank of the Republic of Turkey (CBRT), which has come under attack by investors for not doing enough to stem the lira’s freefall. Turkey’s large current account deficit makes the lira particularly vulnerable to capital outflows, as recently highlighted by [..]

European Open Preview – Yen retreats as risk appetite firms; trade, EM-angst and Brexit remain in the background

Posted on September 12, 2018 at 8:03 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was nearly flat against a basket of six major currencies on Wednesday (-0.03%), after posting some modest losses in the previous session. Meanwhile, the yen retreated notably on Tuesday, as risk appetite remained firm and investors rotated out of safer assets. In Canada, the loonie staged a significant comeback amid encouraging NAFTA signals from the US President and a surge in oil prices. STOCKS: US markets closed in the green on Tuesday, buoyed by [..]

European Open Preview – Greenback reclaims ground; Bank of Canada rate decision due

Posted on September 5, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is little changed against a basket of six major currencies on Wednesday, holding onto the gains it recorded in the previous session. Staying in North America, the Canadian dollar was a major underperformer yesterday, touching a one-and-a-half-month low against the greenback ahead of the Bank of Canada’s policy decision later today (1400 GMT). EM currencies also came under broad selling pressure, weighed on by news that South Africa had entered [..]

European Open Preview – Dollar bounces; BoE testimonies and US ISM manufacturing in focus

Posted on September 4, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The greenback is higher across the board on Tuesday, with the dollar index advancing by 0.15% in the absence of any major new developments. The aussie jumped overnight after the RBA struck a less-cautious tone than many expected, erasing losses it posted earlier in the session after Australia’s current account data for Q2 disappointed. Earlier on Monday, the British pound came under renewed selling interest, following a miss in the UK manufacturing PMI. STOCKS: Wall [..]

US Open Preview – Trade fears hold major currencies in the red; loonie weakens as NAFTA deadline looms

Posted on August 31, 2018 at 11:59 am GMT

Here are the latest developments in global markets: FOREX: Trump’s stubborn stance the previous day aiming to enhance US’s trade protective measures against China and keep the pressure on the EU, shifted funds away from riskier assets, pushing dollar/yen down to 110.78 (-0.16%) and dollar/franc to 0.9666 (-0.23%). The dollar index, which is set to close in the red for the third consecutive week, was slighlty up at 94.80 (+0.08%) as the euro and the pound felt the trade pain as well. Euro/dollar inched down to 1.1647 [..]

European Open Preview – Risk appetite turns sour on trade angst; eurozone inflation due with Brexit also in focus

Posted on August 31, 2018 at 7:42 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was down on Friday, albeit by less than 0.1%, giving back some of the gains it posted in the previous session. Elsewhere, the Japanese yen advanced across the board on Thursday, as trade concerns led investors to increase their exposure to the safe-haven currency. Meanwhile, the euro and the loonie retreated, weighed on by concerns surrounding Italy and disappointing Canadian data respectively. STOCKS: US equities fell for the first time in five days as [..]

European Open Preview – Barnier gives the pound a helping hand; US core PCE inflation coming up

Posted on August 30, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar is flat against a basket of six major currencies on Thursday, after it closed lower for a fourth consecutive session yesterday. The biggest mover was the British pound, which soared higher following comments from the EU’s chief Brexit negotiator suggesting that Europe is willing to offer the UK a special deal. Meanwhile, the kiwi plunged overnight after New Zealand’s latest business confidence data disappointed, amplifying expectations for a more [..]

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