The Kiwi Dollar has rallied over 1% to a 3-week high in trade-weighted terms after the RBNZ surprised markets by keeping its policy rate unchanged at 1.00% in its meeting…
It’s a big week for UK and US macro data releases. The UK will publish Q3 GDP along with the usual trifecta of labour market, inflation and retail sales data,…
FX volatility was subdued in the first half of last week. It picked up a tad on Thursday and Friday but major crosses remain within multi-week ranges with markets seemingly…
Global risk appetite has lost some momentum, with reports that US President Trump is blowing hot and cold about whether to reverse some of the import tariffs the US has…
Dormant FX markets came to life today although major crosses remain within multi-week ranges. GBP/USD, which had stagnated around 1.284 for the past three sessions, dropped below 1.28 for the…
Volatility in major currencies, including Sterling, has slumped so far this week, with markets somewhat at a juncture. The Euro has managed only very small gains following the release of…
The first half of today’s session was “risk-on” for FX markets, with the safe-have Swiss Franc, Sterling and in particular the Euro weakening against the dollar while the more risk-sensitive…
On the data front, the focus this week will be on services PMI data for October out of the US and UK. The US, Germany and Australia will also release…
The Dollar was broadly unchanged until Thursday but on Friday depreciated across the board to end the week down 0.3% in trade-weighted terms at its lowest level since early August….
The Dollar was volatile following the Federal Reserve’s in-line-with-expectations 25bp policy rate cut. Chairperson Powell during the press conference played down the likely need for a further rate cut, which…
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