Market News

Uncertainty and worry over escalating trade tensions sent the safe haven Japanese Yen broadly higher during Asian trade.

Brexit fears continue to wreak havoc on the Pound Sterling which today fell to a 11-month trough on investor concerns.

The US Dollar could not maintain momentum against some of its rivals and was broadly lower a a result.

In the wake of a Pound sell off, the British currency managed to recover and steady despite major concerns over the looming Brexit.

The Pound remained on the back foot during the Asian trading session after striking an 11-month trough against the greenback on Monday.

FX traders are becoming increasingly concerned over the likelihood that the UK government will not have been able to work out a Brexit plan when the time comes for Britain to leave the European Union next year.

Canadian manufacturing and exporting industries were under fire on Sunday, feeling the heat from both the United States and Saudi Arabia.

This week will see a lighter news agenda compared to last week, with central bank input due from the Reserve Banks of Australia and New Zealand.

The US Dollar Index moved higher even as markets fret over the increase in trade tensions between China and the United States.

Wary FX traders have continued to second guess the Bank of England's outlook in the hours before the monetary policy decision is announced.

Oil prices were higher on Thursday morning in Asia in an effort to reverse some of the losses they’ve seen over the past few days of heavy selloffs.

Though most policy experts see the Bank of England as pushing ahead with a rate hike at the upcoming policy meeting.

Oil prices ended July significantly lower and continued to decline into August after data released on Tuesday showed U.S. crude stockpiles rose unexpectedly.

The Pound Sterling has pushed higher against the US Dollar on growing expectations that the UK central bank will be raising interest rates when it meets later this week.

Asian stock indexes were trading lower to start the day on Tuesday after Wall Street failed to close higher.