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OVERVIEW The plot thickens in the British parliament as there is a strong argument that suspension of proceedings is in fact illegal. The Supreme Court will rule next week. Despite significant tensions in many parts of the world, Central Bank meetings are strangely breezy. The Canadian dollar - a star in the currency galaxy. Read more
EUR-USD took a rotation lower, to the 1.1020 area from levels above 1.1050, which was driven by broad, albeit moderate, declines in the common currency. The low for the week, seen on Monday at 1.1015, had been left untroubled as of the early London afternoon session. Read more
The Dollar has remained mostly in narrow ranges so far today against the other main currencies, with the exception being the Yen, which has continued to see its safe haven premium deflate. USD-JPY printed a fresh six-week peak, at 107.84, in what is now a third consecutive day of ascent, which in turn amid a third consecutive week of gains. Read more
The Dollar headed slightly lower in quiet N.Y. trade on Tuesday, later recovering to near unchanged on the day. There were few driving factors, with no significant data releases on the calendar. The uptick in the USD later in the session was largely driven by higher Treasury yields, which headed up as the 3-year note auction was poorly subscribed. Read more
OVERVIEW British MPs loudly voiced their objection to the suspension of parliament until October 14th with chants of "No", songs and signs of protest. US Dollar Index remains flat in these dog days of summer Canadian housing data beat forecasts as the economy shows resilience HIGHLIGHT It appears Prime Minister Johnson will have to go with hat in hand to Brussels and ask for another Brexit extension, despite his extreme reluctance to do so. Read more
Safe haven currencies saw fresh lows against the Dollar, and a range of other currencies, during the pre-London part of the Asian session today before settling amid a generally directionally constrained session in the London morning session in forex markets. Read more
The Yen has remained under pressure, which has seen both USD-JPY and AUD-JPY print fresh six-week highs. U.S. Treasury Secretary Steven Mnuchin signalled "lots of progress on talks" recently with regard to trade negotiations with Beijing. We've heard such upbeat rhetoric many times in the many previous rounds of the so-far fruitless trade discussions, though the signalling, along with expectations of economic stimulus in Europe and China, have been keeping global stock markets underpinned, which in turn has been feeding an unwinding in the Japanese currency's safe haven premium. Read more
The Dollar was slightly lower through the U.S. session on Monday, seeing the DXY dip from opening highs of 98.34, to a low of 98.14. There was no incoming data to move the market. EUR-USD rallied from 1.1028 to 1.1068 highs, while USD-JPY fell from 107.18 to 106.93 before bouncing back to 107.15. Read more
OVERVIEW There are no significant data announcements today, so today should be quiet in currency markets The greenback is lower on last week's lower-than-expected job growth in the US The GBP is climbing despite a Parliamentary proroguation and scant chance EU leaders will agree to another Brexit delay HIGHLIGHT Across the Atlantic, it will be a pivotal week for the British Pound: British Parliament is set to be prorogued with a scheduled return on Monday 14th. Read more
OVERVIEW There are no significant data announcements today, so today should be quiet in currency markets The greenback is lower on last week's lower-than-expected job growth in the US The GBP is climbing despite a Parliamentary proroguation and scant chance EU leaders will agree to another Brexit delay HIGHLIGHT Across the Atlantic, it will be a pivotal week for the British Pound: British Parliament is set to be prorogued with a scheduled return on Monday 14th. Read more
