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  • North American Edition2016-05-23 11:34 UTC

    EUR-USD has continued to ply a narrow range just north of 1.1200, steadying after posting fairly steep losses last week (which completed a run of three consecutive weekly losses). Lower Bund yields following sub-forecast PMI data out of the Eurozone cast little impact. The Greek parliament, meanwhile, passed the latest EUR 5.4 bln austerity-measures package, which will qualify it for a EUR 11 bln injection of bailout cash. This should make it a formality ... Read More 

  • European Edition2016-05-23 07:50 UTC

    The yen has traded moderately firmer today, showing about a 0.25% gain versus both the dollar and euro as London interbank people take to their desks. Lower stock markets across the Asia region, as investors continue to face prospects for a Fed rate hike as soon as the June 15th-16th FOMC, have underpinned the yen via the usual inverse correlative pattern. USD-JPY fell to a three-session low at 109.63, down from Friday's closing level at 110.11. EUR-JPY ... Read More 

  • Asian Edition2016-05-23 17:55 UTC

    FX trade was relatively uneventful in N.Y. trade on Monday, with EUR-USD ranging between 1.1188 and 1.1224, holding above seven week lows of 1.1180. USD-JPY was the dollar's weak link, as it fell to 109.12 from over 109.55 on the back of sagging risk taking levels and uncertainty over futures BoJ policy moves. USD-CAD moved higher on softer oil prices, while Canada was out on holiday, which limited liquidity. Cable nipped under 1.4450, though recovered ... Read More 

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