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  • North American Edition2016-07-25 11:26 UTC

    The euro has nudged higher on the Ifo number, which at 108.3 in the July headline beat expectations for a dip to 107.9. This strengthens the takeaway of last Friday's preliminary Eurozone PMI data in showing that Brexit fallout is mostly impacting the UK economic activity. EUR-USD clocked an intraday high of 1.096 having earlier seen a one-month low of 1.0952. The post-Brexit low at 1.0911 has remained untroubled for now. Sterling, meanwhile, took a knock ... Read More 

  • European Edition2016-07-26 07:28 UTC

    USD-JPY turned quite sharply lower, tumbling to a 12-day low at 104.27 during Tokyo trade. The move was driven by yen strength after Japanese finance minister Aso said that the government was yet to decide on the size of a new fiscal package, and that it would be up to the BoJ to decide what to do with monetary policy. Aso added that he hoped the central bank would do its best to achieve the 2% inflation target, though this didn't stop markets buying back ... Read More 

  • Asian Edition2016-07-25 17:58 UTC

    The dollar was mixed in N.Y. trade on Monday, Losing some ground to the euro after better German Ifo sentiment data, while fading against the yen and pound. USD-CAD rallied to four-month highs over 1.3240, as WTI crude traded under $43/bbl. EUR-USD maintained a tight range inside of 1.0990 and 1.0969, as USD-JPY stumbled under 106.00 on two occasions, both times quickly rallying back over the figure. Cable probed under 1.3100 briefly, managing highs of ... Read More 

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