Forex News
Morning FX Market Commentary
Dollar and sterling remain in good shape. Sterling was again an outperformer as the UK manufacturing PMI exceeded expectations by a wide margin.
Morning FX Market Commentary
Dollar and sterling remain well-bid On Friday, the dollar extended its rebound against the euro even as US eco data were mixed.
Swedish PMI recovers a bit
In line with expectations, the Swedish PMI picked up to 52.2 in August from 51.3 in July. Encouragingly, the sub-index for order intakes increased to 54.4 and
Morning FX Market Commentary
Dollar extends rebound The dollar succeeded a nice rebound on Thursday, even as the impact of the Syria crisis on markets faded. EUR/USD lost one big figure.
Morning FX Market Commentary
Dollar finds better bid On Wednesday, higher core bond yields and a rebound in USD/JPY supported the dollar across the board.
Morning FX Market Commentary
Dollar unable to profit from global uncertainty Risk-off sentiment also affected currency trading yesterday with the likes of the CHF and the yen gaining ground.
US Consumer Confidence Rose in August on Improved Expectations; Existing Home Prices Increased Again in June
• US consumer confidence increased to 81.5 in August 2013 from 81.0 in the previous month. Market expectations had been for a reading of 79.0.
Morning FX Market Commentary
EUR/USD off recent top, but no clear trend. EUR/USD held a tight sideways range as poor US durable orders had no big impact on the dollar.
Durable Orders Plunge in July
The stark decline in durable goods orders in July was not wholly unexpected as some payback for recent strength in aircraft and defense spending was in order,
US New Home Sales Fall to Lowest Level of 2013 in July
• New home sales slumped 13.4% to 394,000 in July 2013, widely missing market expectations for 487,000 annualized unit sales in the month.
Canada’s Consumer Price Inflation Inches Higher in July
• Canada’s headline consumer price index (CPI) inched up 0.1% on a non-seasonally adjusted, month-over-month basis in July 2013, slightly below market expectations for a 0.2% gain.