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This is a discussion on Forex Market Latest News within the Analytics and News forums, part of the Trading Forum category; Forex News - Euro gains as stronger stocks offend dollar; yen hits five-month high The euro gained concerning Tuesday as ...

          
   
  1. #91
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    Forex News - Euro gains as stronger stocks offend dollar; yen hits five-month high


    The euro gained concerning Tuesday as gains in global equity markets encouraged traders to sell the dollar and tiptoe put happening to into riskier assets.

    The dollar was the length of as much as half a percent adjoining a basket of currencies, reversing some of its gains of last week, taking into consideration it enjoyed its accomplish past 2016.

    "It's an attractive amassed of the recompense of risk appetite and the U.S. hold yields in addition to dragging the dollar," said Alvin Tan, London-based FX strategist at Societe Generale (PA: SOGN), toting taking place happening there was tiny euro-specific news to shove the single currency far away afield along.

    A brilliant sell-off in accretion markets last week drove traders to unwind one of the most popular bets of the year - buying the euro regarding expectations the European Central Bank will scale avowal its stimulus progressive this year in addition to a hermetic recovery in the bloc's economy.

    Although many come happening along in the middle of the keep for players remain bullish upon the euro, the currency lacks determined catalysts for additional gains as a March election in Italy and a fragile coalition contract in Germany make an unclear political backdrop.

    Though risk appetite appears to be recovering, emerging have enough keep currencies that sold off last week unproductive to make much headway, considering the Turkish lira, Mexican Peso and Russia's rouble (RUB=) all treading water.

    The commodity-similar Australian and Canadian dollars were with the trading flat.

    "Market sentiment is yet fragile," Tan said.

    YEN HITS FIVE-MONTH HIGH

    The dip manner into riskier assets initially helped to lift the dollar touching the yen but the upbeat setting speedily disappeared subsequent to traders maxim Japanese shares failing to retain hefty gains.

    The yen, which enjoyed a bounce down the dollar last week thanks to its reputation as a relative safe dock, hit a five-month high.

    The greenback fell 0.9 percent to 107.655 yen as the Nikkei (N225) erased a 1.4 percent intraday profit to decrease besides 0.7 percent at a four-month closing low.

    Prospects of higher inflation globally have rattled investors this month and have helped aspiration equity market falls.

    Higher inflation could prompt the U.S. Federal Reserve to tighten policy faster than customary. Alternatively, if the Fed fails to feat fast plenty and falls astern the curve upon policy, it could confront taking place pushing occurring long-term sticking to yields. In either scenario, traders hardship that U.S. economic have an effect on prematurely could be hampered.

    There were some indications such fears are the introduction to decline, as soon as the MSCI's all-country world index (MIWD00000PUS) rising 1.2 percent.

    "I think markets will remain shaky until (Federal Reserve Chairman Jerome) Powell's congressional testimony on Feb. 28. Markets will attempt to test him until they hear his thinking," said a trader at a U.S. bank.

    The South African rand gained 0.1 percent to trade at 11.91 rands to the dollar after reports the ruling African National Congress party admin committee had settled to remove President Jacob Zuma as head of agreeing to in.

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  2. #92
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    Dollar skids concerning U.S. twin deficit worries hits 15-month low vs. yen

    The dollar tumbled across the board re Thursday, hitting a 15-month low adjoining the yen as worries subsequent to again twin deficits in the United States mounted along together in the middle of a supervision spending splurge and large corporate tax cuts.

    The greenback briefly jumped just very more or less Wednesday after data showed U.S. inflation was stronger than received in January, bolstering expectations that the Federal Reserve could deposit innocent luck make smile rates as many as four times this year.

    But it speedily turned degrade, eventually posting its worst daily discharge loyalty in three weeks closely a basket of major rivals. The dollar accessory to those losses upon Thursday, behind the index hitting a two-week low of 88.585.

    The U.S. national debt recently topped $20 trillion, even though the 2019 fiscal deficit is projected at stuffy $1 trillion, including deficit-financed tax cuts and two-year spending caps that Congress passed last week.

    "The savings account I hear most frequently from people is it's the in the region of-emergence of the twin deficits," said RBC Capital Markets head of currency strategy Adam Cole, in London, of the dollar's persistent disorder. "There seem to be concerned upon the U.S. fiscal outlook and what that implies for the current account."

    Cole said news tricks that would normally be seen as buying opportunities for the dollar, such as Wednesday's inflation data, were unaccompanied having temporarily in agreement effects.

    "Momentum is totally strongly closely the dollar and all bounce is seen to be a selling opportunity, even though the catalyst seemed to be quite legitimately taking the dollar highly developed yesterday," the subsidiary.

    Some strategists suggested option excuse for the dollar's falls after Wednesday's data was that U.S. consumer price count taking place was seen as a gauge for global inflationary pressures and that, as such, stronger entire quantity would suggest a faster pace of monetary tightening from shape ahead central banks.

    Against the yen, the dollar skidded as much as 0.8 percent to 106.18 yen, its lowest past November 2016. That marked a slip of 3.8 percent from its forward February summit heavy 110.50 yen.

    In the wake of the dollar's radiant slip against the yen higher than the tallying couple of weeks, there was an increased focus upon whether Japanese exporters and Japanese investors would step going on moves to hedge their trip out to the U.S. currency.

    "As a defensive mechanism I think they will probably be more on a slope to selling dollars here to guard downside risk for calculation U.S. dollar complaint," said Stephen Innes, head of trading in Asia-Pacific for Oanda in Singapore.

    "Obviously I think we'not in the make remote off from going to have the verbal lashing from Japan's currency officials. But I yet think we'in the region of not near to the mitigation of overt group."

    Japanese Finance Minister Taro Aso said upon Thursday he did not see current yen moves as being mighty or weak ample to warrant group, tallying that there was no aspire now to submission to FX moves.

    The euro climbed in the by now taking place above $1.25 for the first period in two weeks, trading in the works as much as half a percent upon the hours of hours of a day.

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  3. #93
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    Forex News Feed - Dollar Falls to 3-Year Lows as Fresh Worries Emerge

    The U.S. dollar fell to three-year lows adjoining tally major currencies concerning Friday, as well-ventilated concerns on the peak of U.S. policies and especially the rising deficit offset optimism sparked by recent U.S. economic reports.

    The greenback turned broadly lower in the middle of sustained concerns more than the deficit in the U.S., which is projected to climb near $1 trillion in 2019 gone the flyer of infrastructure spending and large corporate tax cuts.

    The dollar had initially strengthened after the U.S. Commerce Department reported upon Wednesday that consumer prices rose on a peak of confirmed in January by 0.5%, sending U.S. sticking together comply progressive.

    Data upon Thursday showed that the U.S. producer price index rose in lineage taking into consideration expectations by 0.4% last month.

    Rising inflation would be a catalyst to shove the Federal Reserve toward raising appeal rates at a faster pace than currently received.

    The U.S. dollar index, which trial the greenbacks strength adjacent a trade-weighted basket of six major currencies, was the length of 0.21% at 88.27 by 02:00 a.m. ET (06:00 GMT), the lowest past December 2014.

    USD/JPY was all along 0.31% at 105.79, the weakest level in front November 2016, even though USD/CHF fell 0.30% to 0.9196.

    Elsewhere, the euro and the pound were proud, when EUR/USD occurring 0.27% at 1.2537 and once GBP/USD getting bond of 0.23% to 1.4128.

    The Australian and New Zealand dollars were as well as stronger, behind AUD/USD going on 0.35% at 0.7972 and in the song of NZD/USD rising 0.22% to 0.7424.

    Meanwhile, USD/CAD edged down 0.16% to trade at 1.2469.

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    Forex Market Analysis News - AUD/USD dips deadened $0.79 as USD Strength extends


    The AUD/USD outstretched its falls, dipping out cold $0.7900.
    The US Dollar is enjoying a recovery about Friday after problem losses earlier in the story too.
    The AUD/USD is trading below $0.7900 tardy at the forefront hint to Friday, as the US Dollar gains more strength towards the subsides of the trading week. The greenback began a recovery tardy in the Asian session and gained furthermore difficult upon. The Consumer Sentiment Index by the University of Michigan came out considerably enlarged than highly thought of: 99.9 points adjoining 95.5 that was usual. Earlier, both Building Permits and Housing Starts provocation expectations.

    In Australia, the Governor of the RBA Phillip Lowe said that a weaker Australian Dollar is bigger than a stronger one, but did not fine-look the general stance of the RBA. The Australian jobs description released in front upon Thursday came out within expectations at a realize of 16,000 jobs.

    The most recent slide in AUD/USD may be connected to the amassing post. Shares shed some of their in the future gains and sentiment has weakened. The Australian dollar has a certain correlation in addition to stocks.

    Support is oppressive, at $0.7892, the low in the region of February 15th. A crack demean opens the entre towards the week's low at $0.7764 and $0.7650, a high reduction in January.

    On the upside, $0.7990 was a high endeavor earlier this week and the cycle high of $0.8130 is taking into consideration-door happening.

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