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USD Remains Under Pressure Ahead Of Public Holidays For US And China

Bears returned to keep USD under pressure of the 3-day weekend in the US and China. Japan's GDP data kicks of today's otherwise quiet session. Bears returned to keep USD under pressure last week ahead of the 3-day weekend in the US. The US dollar index (DXY) fell further away...

More Risk Aversion Likely after First October Surprise

Investors could have been anticipating an October surprise. But none could have expected it to come that early, with US President Donald Trump's coronavirus infections. The world has been in historically high level of uncertainty ever since the virus outbreak in Wuhan of China half a year ago. And...

Yen Surged Again, Dollar Rally Failed, Sterling Pared Losses

Yen ended up broadly as the strongest one last week, extending this month's rebound. Domestically, political uncertainty was cleared with Yoshihide Suga took up the job of Prime Minister, ensuring continuity of Abenomics. Externally, geopolitical risks at the South China Sea and Taiwan Strait heightened while US-China relations deteriorated...

Dollar Dived on New Fed Strategy, Aussie Shone ahead of a Key Week

Dollar tumbled sharply, and broadly last week as markets perceive Fed's adoption of average inflation targeting as a dovish move. Nevertheless, selloff were mainly against commodity currencies and, to a lesser extent, Sterling. The greenback ended in range against Euro, Swiss Franc and Gold. Even Gold just gyrated inside...

Yen, Dollar, Aussie, Gold and Stocks in Focuses in a Busy Week

Dollar's selloff extended last week, after rather uneventful Fed meeting. The decline was particularly serious against generally strong European majors. Sterling ended as the strongest one this time, followed by Euro and Swiss Franc. While the greenback was weak, New Zealand and Canadian Dollar were even worse, with the...

Aussie and Yen Ended as Strongest as Conoslidative Markets Remained Indecisive

The unimaginable negative oil price was the biggest head-liner last week. But the impact on other markets were relatively short lived. Canadian Dollar was much bothered for most of the week, but eventually it's just the second worst performing, following Sterling. On the other hand, Australian Dollar ended as...