Tag Archive: Currency Movement

FX Daily, September 03: Pound Punished in High Drama

2019-09-03

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2019-09-03

A showdown between UK Prime Minister Johnson and Parliament over Brexit pushed sterling below $1.20. The euro is extended its losses after finishing last week below $1.10. Growth concerns are seeing equities retreat. Japanese and Chinese shares managed to eke out gains, but the Asia Pacific and European stocks have been sold.

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FX Daily, August 30: US Dollar Finishing August on Firm Note as Euro nears Two-Year Lows

2019-08-30

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2019-08-30

Global equities are advancing at least in part on ideas that trade tensions are easing. China announced it would not take immediate action on the five percentage point increase in levies that the US announced strictly in response to China's retaliatory tariffs. A lull between blows is not the same thing as de-escalation or truce.

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FX Daily, August 28: Optimism about Italy Creeps Back in but Sterling Heads the Opposite Way on Brexit Realities

2019-08-28

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2019-08-28

The capital markets have turned quiet. There have been no more headline bombs about trade, and China set the dollar's reference rate much lower than projected. Asia Pacific equities were mixed. Hong Kong, China, India, and Singapore were on the downside, while Taiwan, Korea, and Australia rose.

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