Market News

The common currency Euro struck a 3-week peak earlier today against the greenback, though now it is struggling for traction.

Japanese stocks headed south on Wednesday morning, led by banking shares as Japanese government bond yields fell 0 percent, a rate not hit since November, and continuing geopolitical tensions kept traders on edge.

The Pound Sterling was higher across-the-board on Tuesday, and hit an 8-week peak versus the common currency Euro.

In a surprise move a few minutes ago, the Prime Minister of the United Kingdom, Theresa May, announced her intention to hold an early General Election on 8th June this year.

The dollar erased recent gains on Tuesday morning and Asian stocks pulled back on fears that U.S. tensions with North Korea will continue to mount, following a failed missile send on Sunday.

In very light trading given the Easter Monday holiday in nearly all of Europe, the US Dollar continues to be softer than normal versus its major trading rivals.

The Japanese Yen struck a 5-month peak versus the US Dollar as rising geopolitical tensions helped to keep safe havens in demand.

There will be a similarly low amount of high-impact news scheduled this week, compared to last week. There is central bank input expected from the Reserve Bank of Australia, as well as a smattering of other data.

Though currently recouping earlier losses, the US Dollar is still poised to end the week on a down note.

The Pound Sterling inched to a 6-week peak against the common currency Euro as unexpectedly upbeat data helped to quell investors’ concerns over the likely impact on the UK economy of Britain’s departure from the European Union.

The dollar index fell steeply on Thursday morning after U.S. President Donald Trump said that he prefers the Federal Reserve keeps interest rates low because the dollar is too strong.

The Pound Sterling moved higher against the US Dollar, which is still under heavy pressure as a result of geopolitical risk.

Gold prices rose to $1,277.29 on Wednesday morning, their highest prices since November 10, as traders flocked to safe-haven investments on fear that rising tensions between the United States and Syria and North Korea could continue to shake markets.

The Japanese Yen was broadly higher during trading in Europe today as the geopolitical risks escalate with the possibility of more action by the United States in Syria, and now also in North Korea.

The US Dollar edged lower during Asian trade on Tuesday, largely as a result of growing tensions between the United States and Syria and North Korea.