Posted by editor on April 28, 2017

The dollar slid lower and re-approached a recent five-month trough against other major currencies on Friday, as investors eyed the release of U.S. economic reports due later in the day and amid ongoing concerns over U.S. politics.
Sentiment on the greenback was fragile after U.S. President Donald Trump said he will either renegotiate or terminate a "horrible" trade deal with South Korea.
The comments came shortly after Trump said that a "major, major" conflict with North Korea is possible but he is looking for a diplomatic answer.

Posted by editor on April 27, 2017

The dollar held steady against other major currencies on Thursday, after U.S. President Donald Trump unveiled his tax reform plan and as investors awaited the European Central Bank’s monetary policy decision later in the day.

EUR/USD was little changed at 1.0903, off a five-month peak of 1.0951 hit on Wednesday.

The dollar found support after Donald Trump confirmed that his tax reform plan would cut the income tax rate paid by public corporations to 15% from 35% and make major changes to the individual-tax system.

Posted by editor on April 26, 2017

Asian stocks extended gains for a fifth consecutive day on Wednesday, as renewed optimism about the world's biggest economy brightened the outlook for risky assets while the euro held on to previous gains as political concerns in France ebbed.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, hovering near their highest since June 2015. Stock markets in Japan and Australia led gainers.
European markets were pointing higher in opening trades with index futures up between 0.05 and 0.1 percent.

Posted by editor on April 25, 2017

The euro held gains on Tuesday after a relief rally triggered by the first-round results of the French presidential election, while the safe haven yen weakened amid an ongoing uplift in risk appetite.

EUR/USD was up 0.18% at 1.0890 by 07.17 GMT, not far from Monday’s peak of 1.0918, the highest level since November 11 after centrist former economy minister Emmanuel Macron won the first round of French presidential elections.

Posted by editor on April 24, 2017

The euro pared gains after scaling a five-month high against the dollar on Monday after the centrist candidate won the first round of the French presidential election, reducing the risk of an anti-establishment shock in the final round.

The euro was up 1.1 percent at $1.0844 by midday in Asia after earlier rising as high as $1.0940, its highest since Nov. 10.

Posted by editor on April 21, 2017

The pound was little changed against the U.S. dollar on Friday, after the release of downbeat U.K. retail sales data, as news this week of a snap election in June continued to support demand for sterling and as sentiment on the greenback remained vulnerable.

GBP/USD hit 1.2773 during European morning trade, the session low; the pair subsequently consolidated at 1.2806.

Cable was likely to find support at 1.2766, the low of April 19 and resistance at 1.2909, the high of April 18 and a six-month peak.

Posted by editor on April 20, 2017

Oil prices stayed near their lowest level in two weeks in North American trading on Wednesday, after data showed that U.S. crude supplies fell less than expected last week.

The U.S. West Texas Intermediate crude May contract dipped 9 cents, or about 0.2%, to $52.31 a barrel by 10:35AM ET (14:35GMT). Prices were at around $52.42 prior to the release of the inventory data.

The U.S. benchmark lost 26 cents on Tuesday after hitting its lowest since April 7 at $52.10, amid renewed concerns about a global supply glut.

Posted by editor on April 19, 2017

The yen eased slightly in early Asia on Wednesday in a thin regional data day with geopolitical tensions over the Korean peninsula on the backfoot for now.

USD/JPY changed hands at 108.58, up 0.14%, while AUD/USD traded at 0.7562, up 0.03%. GBP/USD was last quoted up 0.02% to 1.2845.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, eased 0.79% to 99.41.

Posted by editor on April 18, 2017

The dollar pulled away from five-month lows versus the yen on Tuesday, with comments from U.S. Treasury Secretary Steven Mnuchin and higher debt yields giving the bruised greenback some breathing space.

Still, the dollar was capped by nervousness about Tuesday's economic dialogue between the United States and Japan. Lingering worries about North Korea and the coming French presidential elections also kept a lid on the dollar against the safe-haven yen.

Posted by editor on April 17, 2017

The dollar dipped to a five-month low against the yen on Monday as rising tensions over North Korea kept the safe-haven Japanese currency in demand.

The dollar index against a basket of major currencies was down 0.2 percent at 100.390 (DXY), weighed down following the release of Friday's weak U.S. retail sales and consumer prices data and as flight-to-safety drove U.S. Treasury yields to five-month lows.

The U.S. currency extended losses from the previous day and retreated to 108.135 yen , its lowest since mid-November.


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