White House prepares for overruling of IEEPA tariffs
Despite the possibility of a Supreme Court ruling against some of Trump’s announced tariffs, exporters should not be mistaken: tariffs are here to stay. The White House is currently preparing alternative policy options. Plans to find alternative tariff options are already in motion Following the Supreme Court hearings on the legality of tariffs enacted by […]
EUR/USD climbs above 1.1600 on persistent USD weakness EUR/USD gains traction following a quiet Asian session and trades at its highest level since mid-November above 1.1600. The broad-based US Dollar (USD) weakness on growing expectations for a Fed rate cut in December helps the pair push higher as market focus shifts to US PMI data.
EUR/JPY declines amid mixed Eurozone data, Japan’s fiscal uncertainties
EUR/JPY edges lower on Friday as Eurozone economic data comes out mixed.Investors await Germany’s preliminary inflation report, while earlier consumption and price figures show a heterogeneous trend.The Japanese Yen remains supported by concerns over Japan’s fiscal outlook, despite stronger-than-expected inflation in Tokyo.
EUR/USD consolidates weekly gains, trades below 1.1600 EUR/USD extended its weekly rally in the Asian session on Thursday and climbed to a fresh 10-day high above 1.1600 before going into a consolidation phase. The Thanksgiving holiday in the US could cause the market volatility to die down in the second half of the day.
EUR/USD consolidates weekly gains, trades below 1.1600
EUR/USD extended its weekly rally in the Asian session on Thursday and climbed to a fresh 10-day high above 1.1600 before going into a consolidation phase. The Thanksgiving holiday in the US could cause the market volatility to die down in the second half of the day.
EUR/USD trims gains, back to 1.1560
EUR/USD now faces some downside pressure, retreating from earlier peaks past 1.1580 and revisiting the 1.1560-1.1550 band following the closing bell in Euroland on Tuesday. In the meantime, the US Dollar remains on the back foot although off recent lows as investors continue to gauge the latest US data releases.
EUR/USD trims gains, back to 1.1560 EUR/USD now faces some downside pressure, retreating from earlier peaks past 1.1580 and revisiting the 1.1560-1.1550 band following the closing bell in Euroland on Tuesday. In the meantime, the US Dollar remains on the back foot although off recent lows as investors continue to gauge the latest US data […]
EUR/USD Forecast: Advances on weak US data, dovish Fed rate cut outlook
The pair advances toward 1.1560, supported by a gradual weakening of the US Dollar.ADP, PPI and Retail Sales figures confirm slowing demand and labor-market softness in the United States.Dovish Federal Reserve rhetoric strengthens expectations of interest rate cuts. Ghiles GuezoutFXStreet EUR/USD moves higher on Tuesday, gaining 0.40% on the day to trade near 1.1570 at […]
Dollar’s Safe-Haven Appeal Could Be Waning
1600 GMT – The dollar’s safe-haven status is “cracking” due to concerns about rising debt, persistent deficits, monetary-policy credibility and a loss of confidence in U.S. institutions, says Orbis’s Nick Purser. Orbis suggests building a basket of alternative currencies to mitigate risks to the dollar and recommends the Norwegian krone, Australian dollar and Japanese yen […]
JPY attempting bullish reversal – Scotiabank
The Japanese Yen (JPY) is up an impressive 0.4% against the US Dollar (USD) and outperforming all of the G10 currencies as we head into the end of the week, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.