Tag Archives: Currency markets

Dollar hovers near 13-month peak on concerns over Turkey

The dollar held firm near a 13-month high against a basket of major currencies on Wednesday after safe-haven demand on fears over fallout from the Turkish lira’s recent drop boosted the U.S. currency. The greenback’s strength was bolstered by the euro’s fall, which has been dogged by concerns over the exposure of European banks to financial turmoil in… Source link

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Turkey’s economic crisis sparks contagion fears

Market focus is largely attuned to Turkey’s financial woes, with the country’s currency taking another slide to all-time lows of 7.2400 on Monday morning. The lira briefly recovered some of its recent losses over the weekend, after Ankara’s finance minister said the country had drafted an action plan to ease investor concerns and the banking watchdog announced it had limited

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US-Japan trade talks in focus

The yen edged up to its strongest level against the dollar in nine days on Thursday ahead of trade talks between the United States and Japan and speculation over when the Japanese central bank will exit its ultra-easy monetary policy. Elsewhere in the currency market, the New Zealand dollar slid as its central bank staked out a dovish policy. …

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US-China trade tensions and oil in focus

Asia markets were set to open slightly lower on Thursday after the U.S. markets were mostly little changed overnight following the unveiling of new Chinese tariffs on American goods. Australia’s SPI futures traded at 6,207, which was a touch lower than the ASX 200’s last close at 6,268.5. Nikkei futures in Chicago and Osaka traded around 22,570 compared to the…

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Pound frail on Brexit fears, dollar steady

The pound remained weak on Tuesday after dropping to an 11-month low against the dollar overnight on worries over a ‘hard’ Brexit from the European Union, while simmering U.S.-China trade tensions helped support the greenback. Comments from officials about a no-deal Brexit stoked fears Britain would crash out of the EU next year without securing a trade agreement…. Source link

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