|Day's Range||6.87 - 6.881|
|52 Week Range||6.6648 - 6.9761|
It’s a quiet day on the economic calendar, which will leave the Pound in the spotlight. Brexit woes continue to trouble the Pound, which is on the slide this morning…
Today, the GBP/USD pair maintained a strong downtrend amid rising Brexit uncertainities. Meanwhile, Lower-than-expected June Producer and Import Prices provided the extra ammunition to the resilient USD/CHY bulls.
President Donald Trump on Monday took credit for a slowdown in the Chinese economy that he says will lead to more favorable trading terms with the world’s second-largest economy.
Investing.com - The U.S. dollar was near flat on Monday in Asia as rising inflation failed to deter expectations that the Federal Reserve will cut interest rate this month.
The June US YoY Producer Price Index (PPI) that excludes Food and Energy reported a 0.1% rise over estimates. The robust 108.65 resistance acted as the robust barrier, disallowing any further arouses in the Ninja.
Investing.com - The U.S. dollar retreated on Thursday in Asia after Federal Reserve chairman Jerome Powell signalled the central bank is ready to cut interest rates soon.
Investing.com - The U.S. dollar index steadied on Wednesday in Asia ahead of a speech by Federal Reserve Chairman Jerome Powell, who is due to appear before Congress on Wednesday and Thursday for his semiannual testimony.
President Donald Trump wants a weaker dollar, but there are questions as to how he could devalue the nation's currency and whether or not the Fed would be willing to help out.
Investing.com - The U.S. dollar was little changed on Friday in Asia as traders remained cautious ahead of the U.S. non-farm payrolls data due later in the day.
Investing.com - The U.S. dollar slipped on Thursday in Asia. Overnight, U.S. President Donald Trump accused China and Europe of playing a “big currency manipulation game.”
Investing.com - The U.S. dollar slipped on Tuesday in Asia despite a trade truce between the U.S. and China. The Aussie dollar gained after the Reserve Bank of Australia (RBA) cut interest rates.
AUD/USD pair lost hold of its sustained uptrend as market hope for an interest rate cut tomorrow. The German June Unemployment and Manufacturing PMI data release disappointed the Fiber traders.
This past weekend was full of exciting news and information. Combine this with the strong US economic activity, the potential for some type of reprieve in the US/China trade issues and the historic meeting in North Korea between President Trump and Kim Jun Un, and the markets were set up for a big move at the open of trading in Tokyo.
After spending the better part of two months in trade war purgatory and with G20 done and dusted, risk markets have responded to Saturday’s events in a reveller tone. Indeed, investors heaved a massive, but exhausted, sigh of relief that both the U.S. and China opted to push the reset button and restart trade negotiations amidst other pleasantries – now we’ll have to see, whether it all sticks.
Investing.com - The Chinese yuan traded near flat against the U.S. dollar on Friday in Asia as traders are paying close attention to developments at the G-20.
Our call of the day comes from Barclays analysts who evaluate which sectors will be hurt most, and who will benefit, if the U.S.’s trade disputes with China, Mexico and others are prolonged
Investing.com - The U.S. dollar rose while the Japanese yen fell on Thursday in Asia ahead of the highly anticipated G-20 summit that is set to kick off tomorrow.
Investing.com - The U.S. dollar edged higher on Wednesday in Asia as investors tempered expectations for aggressive rate cuts by the Federal Reserve.
Investing.com - The U.S. dollar edged down on Tuesday in Asia while the Japanese yen gained as heightening tension in the Middle East drew safe-haven demand.
The U.S. dollar rally is starting to roll over, but it’s hard to tell whether global central banks are feeding disdain for all major currencies, says one analyst.
Investing.com - The dollar kept losing ground to other major currencies on Friday in Asia after the U.S. Federal Reserve signalled an interest rates cut to prop up economic growth.
Investing.com - The U.S. dollar was holding steady against a currency basket on Wednesday ahead of the Federal Reserve’s closely watched rate decision later in the day, as hopes for progress in the U.S.-China trade dispute supported market sentiment.
Investing.com - The U.S. dollar and the euro traded near flat on Wednesday amid expectations for more stimulus from the European Central Bank as investors turned their attention to the Federal Reserve's closely watched rate decision later in the day.