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Thread: USD

  1. #61
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    Dollar holds gains after upbeat U.S data

    The U.S commerce Department said on monday that consumer spending increased 0.5% in Sep 2016 and decline compare to Aug is 0.1%

    Personal income meanwhile increased by 0.3%in sep.

    However, the U.s dollar gains were capped by heightened politocal uncertainaity after the FBI said it would review more emails related to hillary.

    EUR/USD slid 0.35% to 1.0948 after data showed that the pace of economic growth in the euro zone was unchanged in the third quarter from the second.

    Elsewhere GBP/USD fell 0.25% at 1.2161

    USD/JPY rose 0.29% to 105.04 while USD/CHF edged up 0.12% to 0.9893.

    The Australian dollar was steady with AUD/USD at 0.7603 & NZD/USD 0.24% to 0.7150.

    Canadian dollar was little changed at 1.3397.



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  2. #62
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    Top 4 things to know on Amarican election day

    1.Intestors await election results
    Voting kicked off on Tuesday as around 226 million eligible voters are set to decide whether Republican nominee Donald Trump or Democratic candidate Hillary Clinton will be the next U.S. president.

    With Clinton in a narrow lead, nerves were on edge as most analysts predicted a market rout if Trump became the surprise victor.

    Market news was awash with comparisons to the U.K.’s referendum on its membership in the European Union which, despite all polls pointing to a victory for the “Remain” campaign, ended in a Brexit triumph.

    2.Glosbal stocks on pause ahead of election outcome
    After Monday’s rally on the news that the FBI again found no case of wrongdoing in its examination of Clinton’s e-mails which markets interpreted as a sign that the Democratic candidate’s chances to become president had improved, investors were cautious about placing more money into equities on Tuesday.

    Asian stocks closed mostly higher, though signs of caution were clear in Tokyo as the Nikkei closed with meager losses of just 0.03%.

    European stocks traded mixed in early morning trade with moves limited by the focus on the U.S. elections.

    3.Mexican peso takes a breather
    The Mexican currency, which has acted as a barometer of the markets' perception of a likely Donald Trump victory, has been sensitive to developments in the election amid fears that a victory for Republican candidate Donald Trump could damage the country’s economy based on his promises to renegotiate the North American Free Trade Agreement.

    4.Traders keep wathful eye on Gold

    Gold prices inched higher during European hours on Tuesday, as financial markets awaited the outcome of the U.S. presidential election.

    The safe haven asset has undergone severe market moves as developments surrounding the presidential race caused volatility.

    Prices of the yellow metal rallied to a five-week high of $1,309.30 last Wednesday, as investors were rattled by signs the U.S. presidential election race was tightening.

    It then sank to a one-week low of $1,278.60 on Monday as demand for safe-haven assets ebbed after the FBI said that no charges were warranted in the case of Democrat Hillary Clinton's use of a private email server.



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  3. #63
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    Dollar higher after US jobless claims

    The dollar edged higher against the other majors currencies on Thursday, helped by the release of upbeat U.S. jobless claims data and as markets continued to digest Donald Trump’s shock election victory.

    EUR/USD eased 0.09% to 1.0902. The pair jumped to a high of 1.1298 on Wednesday, the highest since September 8, before tumbling to 1.0902.

    The U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending November 5 decreased by 11,000 to 254,000 from the previous week’s total of 265,000.

    Analysts had expected jobless claims to drop by 5,000 to 260,000 last week.

    The dollar also regained some strength as investors began to think that a Trump presidency may not be as bad for financial markets as initially expected.

    Donald Trump was declared the 45th U.S. President on Wednesday, confounding expectations for a Democratic victory.

    The Mexican peso still remained under pressure, with MXN/USD down 1.98% at 0.0494, after hitting record lows of 0.0480 on Wednesday.

    In a press conference on Wednesday, Mexican central bank officials said they were watching market volatility but refrained from any measures to stem the peso’s decline.

    Elsewhere, GBP/USD edged up 0.17% to 1.2428.

    USD/JPY gained 0.79% to 106.51, the highest since July 25, while USD/CHF rose 0.29% to 0.9876.

    The yen remained under pressure since Japan’s Finance Minister Taro Aso said on Tuesday that Tokyo will need to respond to moves in the currency markets if the U.S. election results cause a sudden spike in the yen.

    The Australian and New Zealand dollars were weaker, with AUD/USD down 0.08% at 0.7629 and with NZD/USD tumbling 0.99% to 0.7206.

    Earlier Thursday, the Reserve Bank of New Zealand lowered its benchmark interest rate from 2.00% to a new record-low of 1.75%, in a widely expected move.

    Meanwhile, USD/CAD advanced 0.37% to trade at 1.3474, just off Wednesday’s fresh seven-month highs of 1.3525.



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  4. #64
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    Dollar index higher after US report

    The dollar turned higher against the other majors currencies on Friday, after data showed that U.S. consumer sentiment increased to a 5-month high in November and as investors remained optimistic regarding Donald Trump’s electoral win on Wednesday.

    EUR/USD slipped 0.28% to 1.0866.

    The Mexican peso continued to tumble, with MXN/USD down 2.47% at fresh record lows of 0.0474.

    In a press conference on Wednesday, Mexican central bank officials said they were watching market volatility but refrained from any measures to stem the peso’s decline.

    Elsewhere, GBP/USD rose 0.31% to 1.2588, the highest since October 6.

    The pound found some support as a number of British lawmakers said they are prepared to vote against Brexit negotiations after U.K. judges ruled that the government needed parliamentary approval to begin its departure process from the EU.

    USD/JPY slipped 0.15% to 106.67, just off Thursday’s more than three-month high of 106.94, while USD/CHF held steady at 0.9872.

    The Australian and New Zealand dollars extended earlier losses, with AUD/USD down 0.84% at 0.7545 and with NZD/USD tumbling 1.11% to 0.7132.

    Meanwhile, USD/CAD climbed 0.53% to trade at a fresh seven-month high of 1.3542.


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  5. #65
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    5 Things to know in the market on Tuesday

    1. Dollar bounces back towards 14 years high
    The dollar was bouncing back toward its 14-year high against a basket of major currencies on Tuesday with markets focused on the possibility of further U.S. interest rate hikes next year.

    2.Yen slumps towards 10 month low after BOJ
    The BOJ affirmed its twin targets of minus 0.10% interest on some excess reserves and the 0.0% 10-year government bond yield.
    The central bank also raised its assessment of the economy for the first time since May 2015, noting that “exports have picked up.”

    3.Euro Falls near 2003 low
    The euro slipped 0.2% to 1.0381 against the dollar, edging near last week's low of 1.0365, its weakest level since January 2003, in the wake of two separate deadly incidents in Turkey and Germany.
    The Russian ambassador to Turkey, Andrei Karlov, was shot and killed at an art gallery in the Turkish capital of Ankara Monday evening.
    A few hours later, a truck plowed into a crowded Christmas market in central Berlin, killing 12 people and injuring up to 50 others in what Germany officials said looked like a terror attack.

    4.Global stocks markets push higher as holiday season approaches
    There are no major U.S. economic data releases scheduled for Tuesday.
    Meanwhile, European stocks moved mostly higher in mid-morning trade, with Italian banks among the biggest gainers after news the country’s government is preparing a potential €20 billion rescue package for struggling lenders.
    In Asia, the Shanghai Composite in China closed 0.5% lower, while the Nikkei in Japan closed 0.5% higher.

    5.Oil edges higher amidst low volume trade.
    OPEC members agreed to reduce output by a combined 1.2 million barrels per day starting from January 1, their first such deal since 2008.
    The pact was followed by an agreement from 11 non-OPEC producers, led by Russia, to cut their supplies by 558,000 barrels a day.
    However, some traders remain skeptical that the planned cuts will be as substantial as the market currently expects.


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  6. #66
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    Dollar Index holds steady after positive U.S data

    The dollar held steady against the other majors currencies on Friday, after the release of positive U.S. data supported optimism over the strength of the U.S. economy.

    Trading volumes were expected to be thin this week as trader were beginning to unwind positions ahead of the Christmas holiday.
    EUR/USD was up 0.13% at 1.0450.

    The greenback has also remained broadly supported since the Federal Reserve concluded its policy meeting last week by raising interest rates by 25 basis points and projected three more rate hikes for 2017.

    Elsewhere, GBP/USD slipped 0.15% to seven-week lows of 1.2267.

    Earlier Friday, the U.K. Office for National Statistics said gross domestic product grew at a rate of 0.6% in the third quarter, up from a previous estimate of 0.5% and above expectations for a growth rate of 0.5%.

    A separate report showed that the U.K. current account deficit widened to £25.5 billion in the last quarter from £22.1 billion in the second quarter, whose figure was revised from a previously estimated deficit of £25.9 billion.

    Analysts had expected the current account deficit to widen to £27.5 billion in the third quarter.

    USD/JPY fell 0.25% to 117.26, while USD/CHF edged up 0.08% to 1.0261.

    The Australian and New Zealand dollars were weaker, with AUD/USD down 0.76% at 0.7163 and with NZD/USD dropping 0.58% to 0.6865.

    Meanwhile, USD/CAD gained 0.44% to a five-week high of 1.3544.



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  7. #67
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    Dollar extends rally higher.


    The U.S. dollar continued its march higher against the other major currencies in light pre-New Year holiday trade on Wednesday, as expectations for strong economic growth under Donald Trump's Administration and more rate hikes by Federal Reserve next year continued to lend support.


    Trading volumes are expected to remain light this week due to the holiday period as many investors already closed books before the end of the year, reducing liquidity in the market, which could result in exaggerated market moves.


    The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up around 0.5% at 103.50, not far from last week's 14-year peak of 103.62.

  8. #68
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    Dollar Weak on year end correction.


    The U.S. dollar hit a 15-day low as traders used the quiet holiday period to take profits on the dollar's recent gains, while a drop in U.S. Treasury yields on waning risk appetite reduced the greenback's appeal.


    The dollar index measures the greenback against a basket of six major currencies, was last down at 101.95 after touching 103.630 on Wednesday and flirting with a 14-year high of 103.650 touched on Dec. 20

  9. #69
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    Dollar fall in Asia as investors are observed FED minutes

    The dollar fell against the yen on Thursday in Asia following the Fed minutes as investors said that the forecast of as many as three rate hikes in 2017 is highly variable on President-elect Donald Trump getting an aggressive tax cut and spending plan through Congress.

    USD/JPY changed hands at 116.65, down 0.51%, while AUD/USD traded at 0.7292, up 0.14%.

    Minutes from the Federal Reserve Open Market Committee released on Wednesday from the December meeting showed that potential fiscal expansion occupied the debate on future policy.

    About half of Federal Reserve policymakers incorporated an assumption of more expansive fiscal policy under the Trump Administration and nearly all agreed that the upside risks to their growth outlook had increased.

    "Members agreed that there was heightened uncertainty about possible changes in fiscal and other economic policies as well as their effects," the minutes of the Dec. 13-14 meeting said.

    The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted down 0.73% to 102.49.

    Overnight, the dollar retreated from 14-year highs against a currency basket on Wednesday as investors waited minutes from the Federal Reserve’s December meeting, when it hiked interest rates for the first time in a year.

    Traders were looking ahead to Friday’s U.S. nonfarm payrolls report for December for indications on solid growth in the labor market which could enable the Fed to keep pushing up interest rates.


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  10. #70
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    Dollar pushes higher ahead of Trump press conference.


    The dollar pushed higher against the other majors currencies on Wednesday, as investors were eyeing a press conference by U.S. President-elect Donald Trump scheduled later in the day.Wednesday’s press conference will be Donald Trump’s first since his electoral victory in November. Market participants were eyeing ani further information on Trump’s future economic policies.


    Meanwhile, the greenback continued to be underpinned by expectations for higher interest rates this year.The Federal Reserve raised interest rates in December and indicated that it expects to hike rates three more times in 2017.


    The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.39% at 102.41. The index touched highs of 103.82 last week, the strongest level since 2002.

 

 
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