Risk trends broke apart towards the end of Thursday’s session ahead of Friday’s G7 and next week’s North Korea summit. The Yen may rise if Asian shares echo declines on Wall Street.
The Euro was bolstered by the ECB while the Australian Dollar rose with a GDP beat and a pickup in sentiment. If Asian shares follow Wall Street higher, the Yen may fall.
A rebound in global sentiment saw Wall Street gap higher at market open, the US Dollar then took back most of its losses. The Australian Dollar is at risk on the upcoming RBA rate decision.
Asian stocks may continue echoing declines on Wall Street, such a scenario could support the anti-risk Japanese Yen. We will also get commentary from the BoJ and RBNZ.
Two of Wall Street’s biggest banks predict dramatically different paths for Canada’s currency over the coming months. Strategists at Goldman Sachs Group Inc. are telling clients the loonie will strengthen to C$1.18 against the dollar […]
A fresh pile of evidence this week is certain to show the U.S. economy is still strong and that it’s a great time to find a job. But what that really means is the cost […]
Most of the shares in Asian markets ended higher on Friday, shaking off the Wall Street’s weak close as investors digested the most recent over U.S.-China trade news. Japanese markets ended higher following the release […]
Given the deterioration in sentiment as the S&P 500 fell, the anti-risk Japanese Yen could gain if Asian shares echo Wall Street declines. A possible local GDP beat may not alter BoJ policy bets.
The US Dollar recovered losses on the FOMC monetary policy announcement as the yield curve steepened. The anti-risk Japanese Yen may rise if stocks echo Wall Street’s decline.
The Fed is expected to leave rates on hold today (two-thirds chance of no rate change) However, the key is whether they nod to recent economic weakening or stick to a positive message. Wall Street […]