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  • North American Edition2016-05-30 10:34 UTC

    EUR-USD rebounded to the mid-1.12s after clocking an 11-week low of 1.1098 during Asian trade. Forecast beating Eurozone ESI confidence and French GDP data helped give the euro a lift in thin markets (both UK and U.S. closed today). USD-JPY rallied to a one-month peak of 111.40, partly reflecting broader dollar gains and partly broader yen weakness. The gains in the U.S. currency reflect the rekindling of Fed tightening expectations, while generally ... Read More 

  • European Edition2016-05-31 07:10 UTC

    The Aussie outperformed today after data showed exports made a 1.1 percentage point contribution to Q1 GDP, up from a zero contribution in the previous quarter and above the consensus view for a 0.7 percentage point outcome. This sent economists scurrying to upgrade GDP forecasts ahead of tomorrow's release of growth data for the March quarter. AUD-USD was showing a 0.9% gain at the London forex market open, at 0.7245, having logged an eight-day peak at ... Read More 

  • Asian Edition2016-05-27 18:50 UTC

    The dollar firmed up through the morning session in light trade, as markets remained close to the sidelines ahead of Yellen's "chat" and the upcoming long weekend in the U.S. and the U.K.. The greenback moved to session highs against the euro and yen following comments from Fed chair, who said it would be appropriate to raise interest rates in the coming months. Apparently those left on trading desks in the U.S. took that to mean June, as EUR-USD fell to ... Read More 

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