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OVERVIEW Trade tensions are turning sentiment in a defensive mode; World equity markets in the red. Markets remain optimistic but cautious on “enhanced” NAFTA 2. Read more
Risk off conditions gripped markets after Trump threatened to take the U.S. out of the WTO while signalling that he's ready to take the Sino-U.S. trade war to the next level, which for the main currencies translated to Yen outperformance and Aussie Dollar-led Dollar bloc underperformance. Read more
The Yen has posted moderate gains amid a backdrop of souring risk appetite in global markets and associated concerns about emerging markets. President Trump kept sentiment in markets on edge after threatening, during an interview with Bloomberg, to take the U.S. Read more
The Dollar index peaked at 94.90 early in the N.Y. session on Thursday, up from overnight lows of 94.47. In-line jobless claims and earnings figures combined with slightly firmer consumption data to support the Greenback. Sticks and yields headed lower on ongoing NAFTA uncertainty. Read more
OVERVIEW Sterling gains against the euro and US Dollar, hitting 1.30 for the first time since August 6th. US Dollar drops in the risk-on environment The Euro remained steady against the US Dollar HIGHLIGHT The Pound gained against the Euro and US Dollar, although the rise has been tempered by ongoing fears of a no-deal Brexit. Read more
The Dollar has traded mostly firmer, with EUR-USD settling near 1.1700, below yesterday's four-week high at 1.1733, and USD-JPY pushing toward 111.50, below the four-week high at 111.83 that was printed yesterday, while AUD-USD and NZD-USD were underperformers following a disappointing set of antipodean data. Read more
The Dollar and Yen have traded firmer against most other currencies as the risk-on sentiment that powered the S&P 500 and Nasdaq to new record highs waned in Asia. The USD index (DXY) is showing a modest rebound from lows, while EUR-USD has concurrently tipped back under 1.1700. Read more
The Dollar index eased in early N.Y. trade on Wednesday, bottoming at 94.59 after opening near 94.90, then largely turning sideways. Yields moved a bit higher after an upwardly revised Q2 U.S. GDP report, while stocks put in an other record top. EUR-USD peaked at 1.1708, under Wednesday's peak, while USD-JPY ran up to 111.83 highs on improved risk levels. Read more
USD-CAD dropped to its lowest level since June 6 in making a low at 1.2887, driven by a Mail and Globe report, which broke during the Tokyo morning, that Canada is ready to make significant concessions on diary to secure a trade deal with NAFTA. This is potentially good news as it raises the chances for Congress to approve the White House agreement with Mexico in context of a revamped NAFTA deal. Read more
The Dollar has traded firmer, overall, although has continued to hold steady in a narrow range against the Yen. USD-CAD dropped to its lowest level since June 6 in making a low at 1.2887, driven by a Mail and Globe report, which broke during the Tokyo morning, that Canada is ready to make significant concessions on diary to secure a trade deal with NAFTA. Read more
