Market News

The US Dollar steadied as markets turn their attention to US labor data due out later today.

The Pound Sterling consolidated gains ahead of today’s Bank of England decision and is currently trending lower against the US Dollar.

The dollar was modestly lower in early Asian trade after the Federal Open Market Committee, the Federal Reserve’s policymaking arm, kept interest rates stable between 1 percent and 1.25 percent.

The New Zealand Dollar saw a strong surge after an upbeat jobs report showed that unemployment unexpectedly dropped while the participation rate edged higher.

The Federal Reserve will be ending its two-day policy meeting on Wednesday, and traders are looking for hints about monetary tightening measures that may be coming, both in the near term and in the future.

The Pound Sterling edged higher during Tuesday trade even as markets ready themselves for the Bank of England’s anticipated interest rate increase later this week.

Yesterday saw the probe led by Special Counsel Robert Mueller into possible unlawful collusion between Trump’s campaign and the Russian government deliver its first criminal indictments.

The US Dollar was broadly lower with limited exceptions during Monday trade in London after posting its largest single week’s rise in 2017.

Last week the euro posted its worst week of 2017, and the common currency continued its struggle during Monday’s Asian trading session

This week will see a very heavy news agenda, with the key Central Bank input coming from the U.S.A. and Japan and the U.K.

The Saudi Arabian oil industry was in the spotlight on Thursday for more than its hard line on production cuts, as the country’s Crown Prince Mohammad bin Salman told Reuters that the country’s national oil giant is on target for an initial public offering sometime next year.

The euro firmed against the dollar on Thursday as traders await the European Central Bank’s plans for curbing its bond-buying program which is expected to be released later on Thursday.

The Australian Dollar tumbled about 0.8% versus the US Dollar after Aussie inflation data disappointed market players.

Japan’s Nikkei 225 stock index was up 0.08 percent at 1:06 p.m. HK/SIN, heading towards the 17th consecutive day of gains, an unprecedented winning streak for the index that set the index at a 21-year high.

The New Zealand Dollar, familiarly known as the Kiwi, was the G10 currency market’s biggest mover today and struck a fresh 5-month trough against the US Dollar.