Market News

Global currencies struggled on Monday morning due to various political concerns and unknowns in Europe, Asia and the United States.

In Monday trading, the Pound Sterling recovered from a fall which saw its largest single week’s decline in about a year.

This week will see a similarly weighty yet thin news agenda like last week, with some items of key U.S. economic data due towards the end of the week starting on Wednesday.

The US Dollar Index struck a fresh 7-week peak as investors look to today’s release of private sector jobs data from the US.

The US Dollar was broadly higher as FX traders consolidated recent positions as markets await today’s release of the ECB’s latest policy meeting minutes.

The US Dollar was recovering as investors await Friday’s release of one of the biggest market movers—the Non-Farms Payroll Report.

The US Dollar fell from the recently struck 7-week peak as speculation grows that the President’s choice to replace Janet Yellen as the Federal Reserve president could be one with a decidedly dovish leaning.

The dollar retreated from a 6-week high on Wednesday as analysts began to speculate on who U.S. President Donald Trump would choose to be the next Federal Reserve Chair.

The Pound Sterling fell against the US Dollar after today’s release of PMI figures on the construction sector showed unexpected slowing in September.

Asian shares were largely higher on Tuesday morning, piggybacking on Wall Street’s record close after positive economic data boosted U.S. Treasury yields and the dollar.

Oil prices were lower on Monday morning after enjoying significant gains in Q3 after data indicated that OPEC’s September production increased more than expected.

This week will see a weightier although thinner news agenda, with key U.S. Non-Farm Payrolls data due at the end of the week, following monthly policy commentaries and bid rates due from the Reserve Bank of Australia.

The US Dollar eased back as FX traders focus on the likelihood of President Trump’s tax plan making its way through the US Congress.

For the fourth straight day, the US Dollar edged broadly higher largely on the backs of a hike in yields on US Treasury instruments.

The dollar was trading higher against most of its primary trading partners on Thursday morning after U.S. President Donald Trump proposed the biggest U.S. tax overhaul in thirty years.