Market News

The Pound Sterling struck a 5-month trough earlier today on the back of a strengthened US Dollar and ahead of data which could provide the Bank of England with the impetus for a rate hike later this year.

U.S. Treasury Secretary Steven Mnuchin announced over the weekend that the U.S.-Sino trade war is “on hold” after the countries agreed to stop their tariff threats and to find a mutually agreeable solution.

The US Dollar inched higher versus the Japanese Yen and struck a 4-month peak after a rise in yields of US Treasury instruments suggested an improving outlook for the US economy.

The Pound Sterling had earlier rallied against the US Dollar after the release of a media report which said that Britain would be amenable to remaining in the EU’s customs unit after 2021 given the inability for government negotiations to reach a detail.

Oil prices headed higher on Thursday, boosted by tightening supplies and strong demand.

The Pound Sterling was down and headed toward the 2018 low against the US Dollar amid the latest concerns over the ongoing Brexit negotiations.

The Turkish lira hit record lows on Tuesday after President Recep Tayyip Erdogan unveiled his intention to take more control of the country’s monetary policy if he wins the election next month.

The Pound Sterling was lower versus the US Dollar after the latest labor data showed that annual wage growth improved to 2.9% over the three-month period through March, largely as predicted by economists.

Asian stocks retreated on Tuesday despite a continued rally on Wall Street as trader showed renewed caution when approaching the markets.

The U.S. embassy in Israel was moved this morning from Tel Aviv to Jerusalem in what Israelis are calling a historic moment and a brave decision for U.S. President Donald Trump.

The Euro was headed for another day of straight gains in large part due to a weakened US Dollar which helped the common currency recoup previous losses.

Oil prices dropped on Monday morning, receding from last week’s 3 ½ year highs.

High-level negotiators from the United States, Mexico and Canada failed to find common ground during Friday’s talks about the North American Free Trade Agreement (NAFTA), leaving analysts wondering whether an agreement will be reached before the May 17th deadline.

This week will see a similarly light news agenda compared to last week, although there will be some major releases.

The US Dollar Index remained just under the recently struck 4 ½ month peak after CPI data missed analysts’ forecasts.