Market News

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.

The dollar hit three-week highs on Monday morning after statements by Federal Reserve President William Dudley indicating that the Fed may try to avoid raising rates further while decreasing its $4.5 trillion bond portfolio.

There will be less significant high-impact news scheduled this week, compared to last week which included some crucial releases.

The Pound Sterling inched lower versus the US Dollar in Thursday trading as uncertainty grows over Britain’s exit from the European Union.

The dollar retreated from its three-week high despite the release of minutes from March’s Federal Reserve meeting which showed a decidedly hawkish tone.

Hints that the overproduction of oil may be reducing sent oil prices to one-month highs on Wednesday morning.

The Pound Sterling was broadly lower in Tuesday trading and remains under sell pressure as wary investors consider the terms of Britain’s departure from the EU.

South Africa’s currency plummeted more than 2 percent on Monday after S&P Global Ratings offered a negative outlook on the country’s credit score and changed the country’s score to sub-investment grade.

Oil futures were slightly lower on Monday after reports that U.S. production continued to rise last week.

There will be must more significant high-impact news scheduled this week, compared to last week which was very light.

Despite an earlier move higher, the US Dollar is struggling to maintain momentum in Asian trading after US GDP growth for the 4th quarter was upwardly revised to 2.1% annually, from 1.9%.

Sentiment seems to have shifted against the common currency Euro after the release of regional inflation data from Saxony, Germany helped to push the Euro lower versus the US Dollar.

The dollar neared a nine-day high on Thursday after the European Central Bank showed continued commitment to its monetary easing policy for the near term.

Solid economic data helped to build momentum for the US Dollar, raising expectations of additional rate increases during the year.