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  • North American Edition2016-09-29 11:14 UTC

    The yen was the biggest mover in the wake of the unexpected Opec agreement to cut production, which has sent Brent over 6% higher over the last day. Both USD-JPY and EUR-JPY were showing 0.8% gains as of the early European PM session. USD-JPY logged an eight-day peak at 101.75, since settling around 101.50. The swing to riskier assets that has been driven by the gain in crude prices has concomitantly weighed on haven assets and currencies, including as ... Read More 

  • European Edition2016-09-29 07:00 UTC

    The yen dove following Opec's decision to curtail crude oil output, while the Canadian dollar and other commodity currencies saw bouts of buying. USD-JPY rallied as the yen weakened as stock markets rose in Asia-Pacific on the unexpected Opec news, which is the first coordinated action to underpin oil prices since 2008. The pair sprinted to an eight-day high of 101.75, over a big figure up on yesterday's 100.69 New York closing level. EUR-JPY and other ... Read More 

  • Asian Edition2016-09-28 18:14 UTC

    FX trade was very quiet in N.Y. on Wednesday, leaving major dollar pairings inside of recent ranges. Wall Street was mostly flat on the day, while yields eased marginally. On the data front, the durables report was better than expected though had little lasting impact. EUR-USD ranged between 1.1237 an 1.1188, as USD-JPY idles inside of 100.45 and 100.73. USD-CAD topped at 1.3269 as oil prices sold-off in early trade, though fell into 1.3200 when WTI crude ... Read More 

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