All Articles Tagged - USDTRY

European Open Preview – Dollar stands at 2-week highs ahead of US jobs report

Posted on August 3, 2018 at 8:10 am GMT

Here are the latest developments in global markets: FOREX: The dollar was up on the margin versus a basket of currencies on Friday and at a two-week high after rising considerably on Thursday. The outcome of the US jobs report due later today, as well as any developments on global trade may constitute the next catalysts to steer the currency in either direction. STOCKS: The Dow Jones finished Thursday’s trading marginally lower, with the S&P 500 and Nasdaq Composite edging higher by 0.5% and 1.2%. [..]

US Open Preview – Pound under pressure ahead of BoE rate decision

Posted on August 2, 2018 at 10:55 am GMT

Here the latest developments in global markets: FOREX: The US dollar index, which measures the greenback against a basket of six currencies, advanced by 0.39% and touched a two-week high near 95.00 on Thursday. Dollar/yen was weaker on Thursday at 111.49 (-0.20%) despite the Fed reiterating that US economic growth has been rising strongly and the job market has continued to strengthen. Yesterday, the 10-year Japanese government bond yield reached a fresh one-and-a-half-year high, following the Bank of Japan’s decision to allow more flexibility in yield [..]

European Open Preview – Dollar continues advancing, buoyed be upbeat Fed; Bank of England and trade tensions in focus

Posted on August 2, 2018 at 8:05 am GMT

Here are the latest developments in global markets: FOREX: The dollar’s index against a basket of currencies was on its third straight day of advancing on Thursday – up by a bit less than 0.2% – after it was supported the previous day by the Federal Reserve’s positive assessment of the US economy. STOCKS: The Dow Jones and the S&P 500 retreated by 0.3% and 0.1% respectively on Wednesday, as US-China trade tensions which were front and center weighed on [..]

European Open Preview – Euro drops on ECB optionality; US Q2 GDP on the radar

Posted on July 27, 2018 at 7:37 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – was practically unchanged on Friday, after it posted considerable gains in the previous session. The surge came as the currency with the heaviest weight in that index by far – the euro – tumbled following the ECB policy meeting. STOCKS: US markets closed mixed yesterday, as an 18.96% plunge in Facebook’s share dragged down the tech-heavy [..]

US Open Preview – Dollar marches higher as yen retreats; US CPI inflation & Brexit plan eyed

Posted on July 12, 2018 at 11:29 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen continued to advance during the European trading session on Thursday, rising by 0.49% in the day to touch a fresh seven-month high of 112.55, with the yen failing to draw any support from reports President Trump has threatened to withdraw the US from NATO. Meanwhile, euro/dollar was down marginally (-0.03%), ahead of the release of the ECB minutes from the June meeting at 1130 GMT, where investors will look for clues [..]

European Open Preview – Risk-off mood on back of trade worries weighs on equities, boosts yen

Posted on June 25, 2018 at 7:54 am GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly higher versus a basket of currencies, though it was losing ground versus the safe-haven perceived yen which attracted flows on the back of uncertainty relating to global trade. Specifically, dollar/yen was trading at two-week low levels. STOCKS: Asian equities were a sea of red after the latest concerns over global trade acted to the detriment of riskier assets. Japan’s Nikkei 225 and Topix indices finished lower by [..]

Special Report – Emerging market and risk sensitive currencies take a hit from rising trade tensions

Posted on June 21, 2018 at 12:17 pm GMT

The United States and China came one step closer to an all-out trade war this week after the Trump administration announced counter tariffs to China’s retaliation to the US’s 25% tariffs on $50 billion of Chinese goods, when they matched it with similar levies. Until now, the growing rift in trade policy between the world’s two largest economies had been met by only modest responses in financial markets. However, following the latest exchange of heated rhetoric, market participants may have [..]

European Open Preview – Dollar little changed as risk appetite takes a hit; G7 summit eyed for clues on trade outlook

Posted on June 8, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which measures the greenback’s performance against a basket of six major currencies – is up by a little over 0.1% on Friday, recovering some of the losses it posted in previous sessions. The euro is a touch softer following several days of advances, while the safe-haven Japanese yen is under buying pressure, extending the gains it posted yesterday as risk appetite took a hit. STOCKS: US equity [..]

European Open Preview – Euro rebound rejuvenated as ECB teases taper; revised eurozone GDP numbers due

Posted on June 7, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.2% lower on Thursday, extending the losses it posted in the previous session as the euro continued to recover. The euro’s rebound was refueled by some ECB policymakers, who signaled their confidence in the economic outlook, and heightened speculation that an end-date for the QE program could be announced as soon as next week. STOCKS: Wall Street closed higher on Wednesday, shrugging off the mounting uncertainties around global [..]

US Open Preview – Euro continues recovery as Italy looks for early elections; BoC rate decision ahead

Posted on May 30, 2018 at 11:27 am GMT

Here are the latest developments in global markets: FOREX: The single currency rebounded on Tuesday’s 10-month low near 1.1500 against the greenback (+0.67%) as concerns about Italy’s political crisis remains in focus and there is a chance of new elections taking place on July 29. In data, economic sentiment in the Euro area came in slightly higher than expected in May at 112.5 but below the April’s mark of 112.7. Pound/dollar traded higher by 0.14% to 1.3269 following the 6-month low of 1.3203 that it posted on Tuesday. Dollar/yen rose above [..]

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