US-China trade talks continue, lifting market sentiment marginally amid the optimism and hopes of some progress or a breakthrough in relations. While the two countries may reach some arrangements, it is still too early to expect a deal announcement as the trade issues are too deep and complicated to be resolved quickly. So if the possible progress doesn’t meet...
The greenback is mixed on Friday as traders take a cautious tone ahead of the key US NFP employment report. The release could bring back short-term volatility in the dollar pairs but the broader picture will still depend on the Federal Reserve rate hike bet.
The US-China trade war, prospects of slower global growth, and a more cautious tone by the Fed make...
There is no reprieve for the greenback on Tuesday as all the major factors point to further waning of its attrac-tiveness. The US currency struggles to regain strength after the recent change in the Fed’s tone on tightening prospects. Recent investor optimism over the US-China trade negotiations added to the bearishness as well.
Today, the PBOC has...
The greenback continues to bleed nearly across the board, digesting the unexpectedly “dovish” tone from Pow-ell. The Fed Governor stated that rates were just below neutral range and didn’t mention a future 'gradual path of rate hikes for next year. Such rhetoric made traders worry about the potential pausing hikes in 2019. As a result, the dollar came under...
At the start of a new week, the greenback is trading under a mild selling pressure after a steep decline on Friday. The American currency feels uncomfortable after the Fed officials expressed concerns about global growth. Investors took the recent comments as a signal that the central bank could slow down the process of monetary policy normalization, which...
