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  • North American Edition2014-11-20 11:00 UTC

    USD-JPY rallied to a new seven-year high for the fifth consecutive day, reaching 118.97 in early London trade before ebbing back to the low 118s. EUR-JPY and other yen crosses saw a similar price action. EUR-USD, meanwhile, dove from 1.2575 to a low at 1.2504, subsequently consolidating above here. A disappointing November German PMI outcome drove the euro lower, subsequently backed up by sub-expectations Eurozone data, where the composite PMI fell to ... Read More 

  • European Edition2014-11-20 07:30 UTC

    USD-JPY rallied to a new seven-year high for the fifth consecutive day, reaching 118.70 and showing scant sign of corrective pullbacks. EUR-JPY, meanwhile, extended further into six-year high territory, and GBP-JPY and other yen crosses also made new trend highs. PM Abe's rush for a new mandate for Abenomics (elections to be held Dec-14) has been driving the latest drop in the yen. The dollar's yield advantage over the yen is pushing back to recent highs ... Read More 

  • Asian Edition2014-11-20 18:54 UTC

    The dollar traded mostly sideways in light dealings in N.Y. on Thursday, as modest gains on Wall Street and marginally firmer yields did little to help the greenback. Firmer core CPI data initially resulted in some USD buying, though gains were mostly unwound through the morning. Elsewhere on the economic calendar, a 21-year high Philly Fed index, and stronger existing home sales and leading indicators did little to pump up market activity. EUR-USD found ... Read More 

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