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The Yen has broken lower while the Australian and New Zealand Dollars have lifted moderately higher in otherwise range-restricted trading so far today as market participants wait on the U.S. midterm elections, which carry significance for the Trumpian project. Read more
The Dollar has traded moderately lower as early U.S. midterm elections results confirmed the Democrats to be wresting control of the House while the GOP retained control of the Senate, an outcome that was largely predicted by polls. The USD index (DXY) is showing a modest 0.2% decline, continuing losses seen over the prior two days, and earlier printing two-week low at 95.90. Read more
The advent of today's U.S. midterm elections has been crimping directional ambition in markets. USD-JPY ebbed back toward 113.00 after printing a one-month high at 113.44, while EUR-JPY and AUD-JPY also reversed out of respective two-week and one-month highs. Read more
The USD index (DXY) was showing a decline of over 0.6% as of the early European PM session, just ahead of the New York interbank open, as U.S. midterm election results showed Democrats wresting control of the House. The Republican's retained control of the Senate, largely as had been predicted by polls. Read more
The Dollar index was on the decline into the N.Y. open on Tuesday, though turned higher through the session, peaking at 96.36 from lows of 96.15. U.S. election nerves appeared to subside to a degree, which allowed Wall Street to rally, and the Dollar to edge higher. Read more
OVERVIEW The Currency market is treading water today as investors avoid making aggressive bets in advance of bellwether events. The Euro has support from robust job creation numbers Sterling saw slight gains today on hopes PM May is sharing positive Brexit deal news with her Parliamentary colleagues HIGHLIGHT Americans flock to the voting boxes today, and currency investors watch to see if a blue or red wave will wash over the US political landscape. Read more
OVERVIEW Sterling rallied today after Britain reportedly is close to a divorce deal from the EU The Greenback lost altitude as Americans, and currency watchers brace for tomorrow's US Midterm Elections Currency analysts predict the Euro will rally by over 2% against the Greenback, yet skepticism remains. Read more
Mostly narrow ranges have prevailed so far today, though Sterling managed to break higher on news that a Brexit deal may be on the cards. USD-JPY edged out a three-session high at 113.33, while most Yen crosses have remained within their respective Friday ranges. Read more
The Pound lifted on a report that the EU and UK are close to making a deal on Brexit, which will reportedly involve keeping the UK in the customs union (according to sources cited by the Sunday Times). Cable posted a high of 1.3025 in opening trade in New Zealand after closing Friday at 1.2065, while GBP-JPY rallied to a two-week high and EUR-GBP to a two-week low. Read more
The Dollar rallied in N.Y. on Friday, helped by a strong jobs report, and firm factory orders. Treasury yields firmed and helped support the Greenback as well. The DXY topped at 96.59, coming from 95.99 lows seen into the open. EUR-USD fell back from 1.1456 to 1.1373 lows, while USD-JPY peaked at 113.32 from 112.79 lows. Read more
