Dollar and Yen Pare Gains as Focus Turns to US Q1 GDP

Commodity currencies recover broadly in Asian session as risk markets somewhat stabilized. US stocks closed mixed with DOW paring much of initial losses overnight. New Zealand Dollar is additional supported by record exports in March, and helps lift Australian too. Yen is the weakest so far for today, followed by Dollar and then Euro. Nevertheless, […]

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Dollar Surges on Flight to Quality Flows, EUR/USD Breaks Key Support

It appears that the global economy is now running at two different speed. US is maintaining firm momentum despite all the uncertainties and slowdown elsewhere. Strong corporate earnings provide evidence on underlying resilience. While global central banks are turning cautious or even dovish, there is little pressure for Fed to reverse course yet. Dollar and […]

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Euro Weakens as German 10-Year Yield Threatens to Turn Negative, Swiss Franc Rebound

Swiss Franc regains much ground today in mixed financial markets. Optimism over US corporate earnings had virtually no impact in Asian and European markets. Instead, European stocks turned mixed after German Ifo business confidence turned south again after brief recovery last month. German 10-year yield also suffers rather steep decline, and is threatening to turn […]

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Australian Dollar in Free Fall after Big CPI Miss, BoC Watched Today

Australian Dollar is overwhelmingly the worst performing one today. It suffers heavy selling after much weaker than expected CPI raises the chance of RBA rate cut later this year. New Zealand Dollar follows as second as RBNZ is also expected to cut, just probably earlier in May. Canadian Dollar is the third weakest on anticipation […]

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