Market News

The Japanese Yen lost favor among FX traders during Monday trade in Tokyo after it was agreed by their respective administrations that China and the United States would resume trade discussions.

This week is likely to see less market activity than last week, with important central bank input due concerning only the Australian Dollar. There will also be a release of important U.S Non-Farm Payrolls data.

The US Dollar was largely under pressure in Asian trade on Friday ahead of the G20 summit in Osaka.

The US Dollar continues to move higher against its major rivals on growing expectations that the trade rift between China and the US will be put to rest before this weekend's G20 summit.

The Japanese Foreign Minister Taro Ono said on Thursday that Japanese investors could leave the United Kingdom if they leave the European Union without a deal.

According to reports from the South China Morning Post published on Thursday, the United States and China have come to a tentative truce in their trade conflict two days before U.S. President Donald Trump meets Chinese President Xi Jinping

Sterling continues to come under pressure and is close to trading at its 5-month low on the reaffirmation of old news that the likely next Prime Minister will withdraw from the EU even if an agreement has not been reached.

The Chinese economy modestly improved in the second quarter according to CBB's Beige Book.

Traders and analysts have recently gotten excited at the prospect of an interest rate cut by the Federal Reserve in the coming months, with some expecting the move as quickly as next month.

The Pound Sterling was able to eke out gains against the US Dollar thanks to overall weakness in the greenback, but any gains are likely to be capped after Boris Johnson had said he would definitely pull Britain out of the EU, even without a deal in place.

Echoing previous remarks, the European Central Bank vice president Luis de Guindos said on Tuesday said that the profitability of the Eurozone banks is low and that this together with a slowing down economic growth could affect the sector in the long run.

Global traders are keeping their focus on the trade talks between the United States and China, with a highly-anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping

Earlier, the Pound Sterling retreated from the earlier struck 1-month peak but analysts say that was really attributed to a Dollar selloff more than any single event.

The Government of New Zealand plans to introduce a deposit protection regime that would protect the New Zealand citizens if a bank collapsed, according to the Finance Minister Grant Robertson.

Global markets headed broadly higher on Monday, with bitcoin enjoying the biggest gains as the cryptocurrency traded above the $11,000 mark for the first time since March 2018.