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The Pound and the Australian Dollar outperformed while the Yen and Swiss Franc underperformed, with the U.S. currency fluctuating in between. Sterling has rallied on unexpected UK data perkiness, along with today being the day that the bill that will stop a no-deal Brexit happening on October becomes law. Read more
The Australian Dollar edged out fresh highs, posting six-week peak against both the U.S. Dollar and the Yen, amid a backdrop of rising stock markets in Asia. This came despite weak export data out of China, which followed Friday's underwhelming U.S. jobs headline, with markets preferring to focus on the expectation for more stimulus rather than the fear of slowing global growth (the meat of the jobs report out of the U.S. Read more
The Dollar ended the Friday N.Y. session about where it started, falling initially on a softer non-farm payroll outcome, though later moving higher as the better internal components of the jobs report offset to a degree. Earnings and participation rate were stronger than forecasts. Read more
OVERVIEW The US economy added about 130,000 jobs, shy of the forecast 163,000 The Canadian dollar climbed for the third consecutive session after 81,000 new Canadian jobs added to the workforce. Optimism springs eternal that a no-deal Brexit can be reached after another extension or election. Read more
The Dollar majors have remained within respective Thursday ranges, though some yen and Swiss franc cross rates have clawed out fresh highs, with GBP-JPY and AUD-CHF, for instance both seeing new one-month highs. EUR-USD has settled below 1.1050 after yesterday printing an eight-day high at 1.1084, which extended the rebound from the 28-month low that was seen earlier in the week at 1.0926. Read more
The Dollar majors have remained within respective Thursday ranges, though some Yen and Swiss Franc cross rates have clawed out fresh highs, with GBP-JPY and AUD-CHF, for instance both seeing new one-month highs. The backdrop remains one of a cautious risk-back-on sentiment, with investors finding tonic from the U.S. Read more
The Dollar was under some pressure early in the session, amid risk-on conditions on the back of new trade negotiation plans between the U.S. and China in October. The Greenback later turned higher following a stronger ADP jobs report, and a sharper rebound in the services ISM. Read more
OVERVIEW PM Boris Johnson loses another vote in the British Parliament, this time it saves his job British House Speaker John Bercow tells the Chancellor of the Duchy to "Be a good boy, young man!" The pound defies the gravity of the drama in parliament and rises HIGHLIGHT The market is also seeing a move away from traditional safe-haven currencies with the Japanese Yen and Swiss France trading lower. Read more
The Pound surfed a wave of Brexit relief as the odds for a no-deal Brexit ebb back some in light of political developments in the UK. Cable was a little off its highs heading into the New York interbank open, but still showing a 0.7% on the day, and was up over 3% from the major-trend lows that were seen on Tuesday. Read more
The Australian Dollar posted a one-month high at 0.6825 against the U.S. buck, benefiting from a backdrop of rallying stock markets in Asia. News that the U.S. and China announced that they would resume trade negotiations early next month sparked a fresh round of risk-on positioning, which helped lift both the Aussie and New Zealand Dollars, both being proxies of China. Read more
