|Day's Range||0.978 - 0.978|
|52 Week Range||0.9542 - 1.0229|
Investing.com -- Risk sentiment returned to the foreign exchange markets early Friday in Europe, with the Swiss franc and yen retreating against the dollar, and the dollar retreating against the pound as a week of turbulent newsflow drew to a comparatively quiet close.
Based on the early price action, the direction of the index the rest of the session is likely to be determined by trader reaction to the short-term 50% level at 97.840.
The People’s Bank of China has once again set a higher yuan rate than expected, which helps to reduce the volatility of stock markets and supports them in offsetting the decline of the past week.
Investing.com - In the coming week investors will continue to monitor trade developments and moves in the Chinese yuan amid ongoing U.S.-China trade war concerns. Economic data from around the world will also be in focus as investors try to gain insights into the health of the global economy and whether central banks will stick to an accommodative monetary policy path.
The Chinese Yuan pair continued to stay sustained within a multi-month uptrend channel. Canadian currency slipped following disappointing Jobs data thereby allowing the Loonie pair to climb fresh heights.
When it comes to safe-haven assets, U.S. investors often think of the dollar, Treasuries, and gold. Another asset with safe-haven status is the Swiss franc, accessible for ETF investors via the Invesco CurrencyShares Swiss Franc Trust (FXF) . “The currency fell for a second day Wednesday after data showed that the Swiss National Bank's sight deposits, seen as an early indicator of its intervention, jumped last week in the second consecutive sizable increase,” reports Bloomberg.
Based on the early price action and the current price at 97.475, the direction of the September U.S. Dollar index the rest of the session is likely to be determined by trader reaction to the intermediate 50% level at 97.510 and the intermediate Fibonacci level at 97.230. Inside this zone are three Gann angles at 97.260, 97.365 and 97.450. Holding inside this zone is likely to lead to a choppy two-sided trade.
Investing.com - The U.S. dollar fell sharply against higher-yielding currencies Thursday but rose against haven currencies as upbeat Chinese trade data and better-than-expected jobless claims went some way to restoring global risk appetite.
Investing.com - Bitcoin traded slightly lower on Wednesday in uncharacteristically subdued trade, while other traditional assets underwent big moves.
The Japanese yen rose to an eight-month high against the dollar on Wednesday and the Swiss franc gained as worries over flagging international growth sent investors to safe-haven currencies. The Reserve Bank of New Zealand cut its official cash rate more than expected to a record low of 1% on Wednesday and flagged the possibility of using negative rates to stimulate the economy, sending its currency to 3-1/2 year lows. The Reserve Bank of India and the Bank of Thailand also cut rates.
Investing.com – The U.S. dollar steadied after a drubbing the previous day, clawing back losses against safe-haven currencies as China took steps to limit weakness in the yuan and reassured investors that it wouldn’t weaponize its currency in its trade spat with the U.S.
Investing.com - China’s yuan steadied on Tuesday after overnight declines, but market sentiment remained fragile a day after a steep selloff in global markets spurred by fears over the escalating U.S. - China trade war.
Along with the Chinese Yuan currency that got hit massive sell-off over uprising trade tensions, the South African Rand (ZAR) also slumped. The Swiss Franc pair had formed a Double Top trading pattern, hinting for more upcoming bearish sessions.
Investing.com - Demand for safe haven assets looks likely to be underpinned early this week amid heightened trade tensions after U.S. President Donald Trump raised the stakes in the Sino- U.S. trade war and Beijing pledged to retaliate.
Fiber continued to remain underway recovery today after suffering a massive plunge on July 31. After ten negative trading sessions in a row, today, the Aussie pair attempted to display some positive drifts.
Since 2011, West African Economic and Monetary Union member states have entered an even more positive trend of stable growth.
Investing.com -- The dollar fell against safe havens such as the yen and Swiss franc in early trading in Europe Friday, but was higher against most other currencies after President Donald Trump announced a sharp escalation of the U.S.’s trade war with China.
Oh Boy, POTUS is definitely not happy. He was putting pressure on Jerome Powell and FED to lower the rates to weaken the USD and boost the stocks.
Today is the day! We will find out if the Fed will cut interest rates in US. Most of the economists and experts agree on this but we all know, that we’ve been surprised before we can be surprise again today.