Tag Archive: U.K. Manufacturing Production

FX Daily, October 10: Dollar Pullback Extended

2017-10-10

The US dollar's advance faltered before the weekend after rise average hourly earnings and a new cyclical low in unemployment and underemployment initially fueled greenback buying. There is no doubt the data was skewed by the storms, though the upward revision to the August hourly early cannot be attributed to the weather distortions. The reversal in the dollar before the weekend has carried over into the early trading this week. Even the Turkish...

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FX Daily, August 10: Tensions Remain Elevated, Dollar Firms

2017-08-10

by Marc Chandler

2017-08-10

It is difficult to walk back the saber-rattling rhetoric. US Secretary of State Tillerson tried to defuse the situation, which had appeared to ease nerves in North America yesterday. However, references to the modernization of US nuclear forces, a multi-year project begun last year, spurred a fresh threat by North Korea to fire four intermediate range missiles near Guam in week's time.

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FX Daily, June 09: Sterling Shocked, Dollar Broadly Firmer

2017-06-09

by Marc Chandler

2017-06-09

What looked like a savvy move in late April has turned into a nightmare. Collectively, voters have denied the governing Conservative party a parliamentary majority. The uncertainty today does not lie yesterday with the known unknown, but with the shape of the next government and what it means for Brexit.

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FX Daily, May 11: Canadian and New Zealand Dollars Get Whacked, While Greenback Consolidates

2017-05-11

by Marc Chandler

2017-05-11

The US dollar has been mostly confined to about a 30 pip range against the euro and yen in Asia and the European morning. Sterling is under a little pressure after a series of poor data, including larger than expected falls in manufacturing and construction output, and a sharp widening of the trade deficit.

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FX Daily, March 10: US Jobs Data: Deja Vu All Over Again?

2017-03-10

by Marc Chandler

2017-03-10

A week ago, after nine Fed officials had spoken, the market widely expected Yellen and Fischer to confirm that the table was set for a rate hike later this month. They did, and the dollar and US interest rates fell. Now, after a strong ADP jobs report (298k), everyone recognizes upside risk to today’s national report, and the dollar has lost its upside momentum against most major currencies, but the Japanese yen.

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FX Daily, January 11: Dollar Comes Back Bid

2017-01-11

by Marc Chandler

2017-01-11

FX Performance, January 11 2017 Movers and Shakers

The pound has seen a sharp fall following the interview that Theresa May gave with Sky news on Sunday although there has been a small rebound this afternoon. GBP CHF exchange rates are hovering around 1.2350 for this pair.

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FX Daily, December 07: Greenback is Broadly Steady While Sterling Slides

2016-12-07

by Marc Chandler

2016-12-07

FX Performance, December 07 2016 Movers and Shakers

The US dollar is little changed against most of the major currencies. Sterling is the notable exception, losing about 0.75% to trade at three-day lows. It was on the defensive in early European turnover but got the run pulled from beneath by the unexpectedly poor data. UK industrial output fell by 1.3% in October. The median forecast was for a small increase.

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FX Daily, November 08: Consolidation Featured as Market Catches and Holds Breath

2016-11-08

by Marc Chandler

2016-11-08

FX Performance, November 08 2016 Movers and Shakers

The equity markets snapped their losing streak yesterday and are consolidating today. The US dollar is narrowly mixed. The euro and sterling are slightly firmer, but well within yesterday's ranges. The dollar-bloc is a bit lower, and once again the Australian dollar is struggling to sustain moves above $0.7700.

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