Key risk events today: UK Public Sector Net Borrowing; Canadian CPI m/m, Common CPI y/y, Median CPI y/y and Trimmed CPI y/y; FOMC Meeting Minutes. EUR/USD: Snapping a five-day losing streak and adding more than 0.20%, Europe’s shared currency explored higher ground against the US dollar Tuesday, with the US dollar index suggesting a revisit … Continue reading Wednesday 21st August: Greenback snaps five-day winning streak ahead of FOMC minutes.
Key risk events today: German PPI m/m; Canadian Manufacturing Sales m/m. EUR/USD: The euro was a shade lower on the dollar Monday, incapable of gathering steam above 1.11. Measured against a basket of six major currencies, the US dollar index explored higher ground, currently poised to approach 98.50. This strong-armed the EUR/USD lower from H4 … Continue reading Tuesday 20th August: Dollar extends gains; 98.50 eyed as next port of resistance.
Europe’s single currency remained on the defensive Friday, settling 0.15% lower vs. the buck. The 1.11 handle gave way in the early hours of London, consequently clearing the pathway south to August’s opening level at 1.1079.
Key risk events today: Australia Employment Change and Unemployment Rate; French and Italian banks are closed in observance of Assumption Day; UK Retail Sales m/m; Philly Fed Manufacturing Index; US Retail Sales m/m; US Core Retail Sales m/m. EUR/USD: Optimism over US/China trade and tariff suspension reverted to pessimism Wednesday, amidst weak data out of … Continue reading Thursday 15th August: Trade optimism fades amidst concerns over global growth.
Key risk events today: German Prelim GDP q/q; French Final CPI m/m; RBA Assist Gov Debelle Speaks; UK CPI y/y; UK PPI Input m/m. EUR/USD: In recent sessions, the US dollar strengthened in the wake of firm CPI data and positive developments on the US/China trade front. US Trade Representative Lighthizer announced that additional tariffs … Continue reading Wednesday 14th August: Safe-haven currencies retreat on renewed trade optimism.
