Widening Cracks in Euro Sends Dollar to 2018 Highs – Reuters
The dollar surged to a 2018 high against its rivals on Tuesday as a rout of the euro prompted traders to buy the greenback despite some concerns its rally may have been too quick.
Asian Stocks Head Lower as Traders Mull Iran News: Markets Wrap – Bloomberg
Asian stocks headed lower in early trading Wednesday as investors assessed the implications of President Donald Trump’s decision to scrap a nuclear deal with Iran. The dollar traded flat after recent gains, and Treasury yields consolidated.
Dollar Strength Reveals Merits of Currency Hedged ETFs – ETF Trends
As the U.S. dollar pushes higher, investors who are looking into international market and related stock exchange traded funds should consider hedging foreign exchange currency risks.
Erdogan Summons Officials Over Lira’s Slides to Record Low – Bloomberg
Turkish President Recep Tayyip Erdogan was said to summon economic decision makers to his palace to discuss the lira, driving a rebound in the currency from a record low.
The Pound Faces a Friendless Summer – Bloomberg
The Bank of England will almost certainly keep rates on hold at Thursday’s Monetary Policy Committee meeting, and that means the pound is vulnerable to a further sell-off. There’s not much the BOE can do about it.