Trade War Worries Keep US, Canadian Dollars Weak
Trade War Worries Keep US, Canadian Dollars Weak – Reuters
The dollar edged down, while the Canadian dollar traded close to an eight-month low on persistent worries about a trade war stemming from US President Donald Trump’s proposed tariffs on imported steel and aluminium.
Euro Bulls Suffer as Italy Stokes Political Uncertainty
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Euro Bulls Suffer as Italy Stokes Political Uncertainty – Reuters
The euro was flat after initially weakening as an inconclusive election in Italy pointed to prolonged political uncertainty after a stronger-than-anticipated showing by right-wing eurosceptic parties. Read More
Yen Stands Tall as Trade War Concerns Grip Markets
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Yen Stands Tall as Trade War Concerns Grip Markets – Reuters
The Japanese yen jumped half a percent against the dollar and is set to score significant gains against the euro as prospects of a trade war gripped markets after US President Donald Trump announced hefty new tariffs on steel and aluminium imports.
Sterling Falls as Traders Eye Brexit Talks
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Sterling Falls as Traders Eye Brexit Talks – Reuters
Sterling fell against the dollar as nervous investors sold the pound ahead of more talks between Britain and the European Union over the terms of Brexit, and Prime Minister Theresa May’s highly awaited speech on Friday.
Dollar Builds on Three-Week High After Powell Testimony
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Dollar Builds on Three-Week High After Powell Testimony – Reuters
The dollar hit a three-week high after an upbeat assessment of the US economy by Federal Reserve Chairman Jerome Powell’s boosted bets on more interest rate hikes, while the euro edged lower before inflation data.
Dollar Eases Ahead of Powell’s Highly-Anticipated Testimony
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Dollar Eases Ahead of Powell’s Highly-Anticipated Testimony – Reuters
The dollar eased as investors awaited a slew of economic data this week and Federal Reserve Chairman Jerome Powell’s testimony, which could determine whether the US currency’s recovery from a three-year low has more room to run.
Sterling Pushes Higher After Hawkish Comments from BoE Official
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Sterling Pushes Higher After Hawkish Comments from BoE Official – Financial Times (subscription)
Sterling outperformed several of its developed market peers, climbing back above $1.40 after hawkish comments from a senior Bank of England policymaker.
ECB Minutes Reveal Fears Over Trump Currency Wars
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ECB Minutes Reveal Fears Over Trump Currency Wars – Financial Times (subscription)
Eurozone concerns over the weakness of the dollar were laid bare in a set of European Central Bank minutes that highlighted fears the Trump administration was deliberately trying to engage in currency wars.
Dollar Climbs on Fed; Heads for First Weekly Gain of 2018
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Dollar Climbs on Fed; Heads for First Weekly Gain of 2018 – Reuters
The dollar inched up to a 10-day high, after minutes from the US Federal Reserve’s January meeting showed policymakers confident in rising inflation and the need for interest rates to keep increasing.
Ex-JPMorgan FX Salesman Back in Court Over Unfair Dismissal
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Ex-JPMorgan FX Salesman Back in Court Over Unfair Dismissal – Bloomberg
A former JPMorgan currency salesman is fighting his dismissal for a second time after the US bank overturned a verdict in his favor last year, as the fallout from the global foreign-exchange manipulation scandal drags on. Read More