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Markets await Trump and Fed for more cues

Early on Tuesday, the Dollar steadied against its major peers, with traders turning their attention to US President Donald Trump’s State of the Union speech later in the day and a Federal Reserve policy meeting due today. Meanwhile US Government Bond

Trump’s support for a strong USD provides limited relief

Trump’s support for a strong USD provides limited relief The US Dollar bounced from recent lows against its major peers after US President Donald Trump said that he ultimately wants the Dollar to be strong contradicting comments made by Treasury Secretary

Dollar weakens on Mnuchin comments

Yesterday the US Dollar slumped to a three-year low against its peers, after caving on comments by US Treasury secretary Steven Mnuchin that he welcomed a weaker currency. Mnuchin told the World Economic Forum in Davos on Wednesday that “obviously a

Dollar pares losses after deal to end government shutdown

On Monday, the Dollar recovered losses late after US senators struck a deal to lift a three-day government shutdown. However, the bargain only postpones a reckoning on deep divisions among the two parties, conservatives in the House and Trump. Enactment by

US government shutdown looms despite house vote

Last Friday, the Dollar edged lower against its peers as fears of a possible US government shutdown added to underlying weakness that stems from the growing trend toward monetary policy normalization around the world. The US House of Representatives passed a

BoC lifts rate to 1.25%, retains cautious optimism

On Wednesday, the Canadian Dollar tumbled as low as 1.2521 against the greenback after the Bank of Canada (BoC) hiked interest rates and indicated confidence in the outlook for the economy, but sounded a cautious tone on the future of NAFTA.

Euro rally continues with hawkish ECB comments

On Tuesday, the Euro held steady taking a breather after having rallied on the back of optimism about the Eurozone’s economic outlook and expectations for the European Central Bank (ECB) to wind down its massive monetary stimulus. Comments by the Estonian

Euro extends rise after hawkish ECB minutes

Last week, the Euro rallied against its US counterpart, after the European Central Bank (ECB) hinted in the minutes of its December meeting that it could be gearing up to trim its massive monetary stimulus. ECB policymakers said that they could

Market unsettled by concerns over Chinese Bond buying

On Thursday, the US Dollar nursed its losses against the Yen having suffered its biggest one-day drop in eight months following a report that China, the biggest buyer of US sovereign Bonds, was ready to slow or halt its purchases of

Yen rises as BoJ lowers long dated JGB purchase

On Tuesday, the Japanese Yen jumped against its US counterpart after the Bank of Japan (BoJ) trimmed its buying of long-dated Japanese government Bonds in market operations, helping to stoke speculation about a future exit from its massive stimulus policy. The