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The Dollar was lower on Wednesday in U.S. trade, leaving the DXY at one-month lows of 97.90, from opening highs of 98.39. Weaker U.S. retail sales dented USD sentiment, while a flat business inventory outcome put some downward pressure on Q3 GDP expectations. Read more
OVERVIEW The USD wasn't among the many Democratic candidates debating last night, but it is under pressure. GBP is having a long-overdue day in the sun even after EU and UK officials were unable to come to terms on a Brexit agreement before the pre-summit midnight deadline. Several countries reported their inflation numbers yesterday. Read more
The pound corrected some of its recent gains, and the Australian and New Zealand dollars came under some pressure amid a restive and risk-wary sentiment in global stock markets, while EUR-USD and USD-JPY, and most other pairings, held in narrow ranges. Read more
The dollar majors have been trading narrowly so far today. The pound has been consolidating after rallying yesterday as markets were tantalized by the prospect of a Brexit deal, which had until last week looked like a remote possibility. Cable posted five-month peak at 1.2800 just after the London fixing, subsequently correcting to the lower 1.2700s before turning back higher, with the bid presently at 1.2776. Read more
The Dollar was mostly lower in N.Y. on Tuesday, led by gains in both Sterling and the Euro, which came following reports that an EU/U.K. Brexit deal may be close. Cable vaulted to near five-month highs just under 1.2800, while EUR-USD topped at 1.1045. Read more
OVERVIEW There is breaking news of a draft Brexit deal pushed the GBP up to 1.2750 Reports from the US and China are conflicting as far as how close the world's two largest economies are on a trade deal. HIGHLIGHT The GBP is up 0.5% on the day with Brexit X-factor dictating market sentiment. Read more
The dollar has traded mixed so far today, while a rise the pound has been the biggest mover out of the main currencies. The pound pared gains, having remained below the respective highs seen last Friday against the dollar and yen. The UK currency did managed to eke out a fresh five-month peak in the case against the euro, however. Read more
Both the pound and the euro are up against most other currencies on an increased perception that there will be another Brexit delay, which would take the deadline out to January 31 or later. There is also increasing signs that Prime Minister Johnson has a stab at winning sufficient parliamentary support on his plan should he manage to reach a deal with the EU. Read more
The biggest mover so far today has been the GBP-JPY cross, which has dropped by nearly 1%, reflecting about two parts sterling underperformance amid reports of a lack of progress in Brexit negotiations over the weekend, and about one part yen outperformance, which rebounded as the optimism over the yet-to-be-signed-off U.S.-China trade deal faded. Read more
