|Day's Range||7.051 - 7.066|
|52 Week Range||6.6648 - 7.0690|
Investing.com - U.S. President Donald Trump sent yet another shot across the Federal Reserve’s bow on Wednesday, calling on it for a "BIG CUT" in interest rates just two days ahead of a hotly-anticipated appearance by Chairman Jerome Powell at the Fed's Economic Symposium in Jackson Hole.
Investing.com - The U.S. dollar was flat on Monday in Asia as traders remained cautious ahead of Federal Reserve minutes due later this week.
Investing.com - The U.S. dollar was hovering near two-week highs against a currency basket on Monday as U.S. Treasury yields bounced back from recent lows amid hopes that major economies will seek to prop up slowing growth with fresh stimulus.
XAU/USD is ready to close positive for the third week in a row. Gold is posting 1.02% gains on the last five days, but the movements are more on a sideways mode above the 1,500 area and contained by the 1,530.
Investing.com - The Australian dollar rose against its U.S. counterpart on Thursday in Asia following the release of better-than-expected jobs data.
Despite positive AUD-specific data, the Aussie pair was heading south to end the day on a negative note. Fiber kept slipping throughout the day shrugging towards upbeat Eurozone and German Q2 YoY GDP data.
According to experts who watch this event as an indicator, a recession happens, on average, 22 months following the inversion. So, fears about a recession jumped, and risk aversion flooded markets.
Investing.com - The Japanese yen rose on Wednesday in Asia despite positive trade news. Underperforming Chinese data and a political crisis in Hong Kong supported the safe-haven currency.
After three adverse closings in a row, the Greenback was underway a positive closing today. After touching the 7.0707 mark yesterday, the USD/CNY pair was heading downside on Tuesday.
XAU/USD jumped to trade as high as 1,535 on Tuesday, its highest level since April 2013. But, US CPI is pushing prices down, and it is currently trading at 1,521, 0.66% positive on the day.
Investing.com - The safe haven yen was trading near seven-month highs against the U.S. dollar on Tuesday as investor sentiment was shaken by a currency crisis in Argentina, unrest in Hong Kong and growing indications that trade tensions are hitting global growth.
Investing.com - U.S. futures pointed to a volatile day on Wall Street, as worsening political unrest in Hong Kong dampened sentiment.
Larry Kudlow may be the only thing standing between us and the next leg of a currency war. The president’s chief economic adviser is a “strong dollar” man. View him as a tool of the “Deep State.” Or view him as Sparta’s King Leonidas, holding the pass for civilization.
Investing.com - This week investors will have a chance to parse a fresh batch of economic data to gain insights into the health of the global economy and whether central banks will stick to an accommodative monetary policy path.
The executive board of the International Monetary Fund on Friday said policy measures already announced by Beijing should be enough to deal with the hit to the economy from the U.S.-China trade battle, but that additional stimulus could be warranted if rising tensions put economic and financial stability at risk. In a regular assessment, IMF directors continued to call for more exchange-rate flexibility and policy transparency, with some directors also calling for disclosure of FX interventions. The U.S. earlier this week formally labeled China a currency manipulator after Beijing failed to arrest a fall in the yuan that saw the currency trade at more than 7 per dollar. In a July report, also released Friday, IMF staff aid that despite a depreciation in the value of the yuan versus the dollar after August of last year, the currency was broadly stable against a basket of currencies and that estimates "suggest little FX intervention" by the People's Bank of China.
The seeds of the Trump-era trade war between the U.S. and China were planted during the last presidential campaign, when then-candidate Donald Trump said Beijing couldn’t be allowed to continue to “rape our country.”
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 China’s currency depreciation breached the psychological threshold of 7 yuan to the dollar this week, stock markets both fretted over a replay of the disorderly depreciation in 2015-2016 and feared that the yuan has become a retaliatory tool in Beijing’s trade war arsenal. In fact, the Chinese currency (USDCNY) isn’t likely to experience anything like a free fall in the coming months because worries about the response from EU and Japan will dictate policy makers to show restraint.
And even worse, experts are now asking themselves how U.S. President Donald Trump will answer to China Yuan depreciation. Think twice, a sanguine temperament person who always wants to looks like the winner.
Investing.com -- The dollar was mixed within relatively narrow ranges Friday at the start of European trading, after the Chinese yuan defied some weak factory gate inflation data to end the week on a stable note.