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The Dollar advanced slightly overall in N.Y. trade on Monday, after sliding lower overnight, and through much of the last week. Gains in Sterling and the Euro have been the major weight on the USD of late, as Brexit appears about ready to be sewn up in the not too distant future. Read more
OVERVIEW The Brexit vote did not go PM Johnson's way, and Speaker John Bercow blocked a vote on the Brexit deal in Parliament today Trade talks between the US and China are said to be trending positively Canadians are flocking to the polls across the Great White North today. Read more
Sterling has rallied to fresh five-month highs against the dollar, at 1.3011. This makes this week the third consecutive week where the previous week's peak has been breached. This is also potentially the eighth week the pair has rallied out of the last 11 weeks. Read more
The pound, and to a lesser extent the euro, wobbled in Asia following the weekend's developments on the Brexit front. Parliament voted in favour of the Letwin amendment, which forced the government to request a three-month delay in Brexit -- although not actually intended prevent Brexit on October 31, but rather to ensure that Parliament has successfully ratified PM Johnson's divorce deal before October 31 and so guarantee that a no-deal scenario could not happen. Read more
The Dollar fell further in N.Y. on Friday, with the DXY printing four consecutive lower daily lows through the week. The DXY touched a nearly two-month low of 97.35, down from Tuesday's high of 98.64. Softening U.S. data, and a likely 25 basis point Fed rate cut at the end of the month have weighed on the USD, while Brexit hopes supported the EUR and GBP this week as well. Read more
OVERVIEW UK Parliamentarians will vote on the latest Brexit agreement tomorrow The greenback is broadly lower Japanese inflation data met expectations at 0.3% HIGHLIGHT According to Sir Elton John, Saturday night's alright for fighting. Read more
The dollar has been seeing a steady-to-soft price action versus the other main currencies. AUD-USD managed to eke out a fresh one-month high, at 0.6838, despite an ongoing sputtering price action in risk-wary global stock markets. EUR-USD nudged higher after posting an intraday low at 1.1114 and came within a couple of pips of testing seven-week high that was seen yesterday at 1.1139. Read more
The dollar has found its feet after coming under pressure yesterday, although the AUD-USD still managed to eke out a fresh one-month high, at 0.6838, despite an ongoing sputtering price action in risk-wary global stock markets. EUR-USD has been holding a narrow range around 1.1120-30, below the seven-week high that was seen yesterday at 1.1139, and USD-JPY has settled above yesterday's two-day low at 108.45. Read more
The Dollar traded lower again in N.Y. on Thursday, weighed down by data misses for housing starts, industrial production and the Philly Fed index. Ahead of the open, the Euro and Pound were lifted by a surprising Brexit agreement, though without U.K. parliamentary approval, which remains uncertain, it will be back to the drawing board. Read more
