Post Tagged with: "forex"
Dollar Ends the Year on a Whimper, UK House Prices Better Than Expected
from the BBH Currency Strategy Team The US dollar is softer on the last trading day of the year with position squaring likely the main driver. With the economic calendar light, the euro traded in narrow ranges throughout most of the session until early European interest saw it pop up to $1.3385 from $1.3300. Sterling
Soft Dollar Tone As China’s PMI Slows First Time In Five Months
from the BBH Currency Strategy Team The US dollar extended its Wednesday’s losses after softer bond yields prevailed following yesterday’s successful auction and light volume weighed on the dollar’s tone. The euro traded on a supportive footing throughout the session after breaking through the 20-day moving average of $1.3222. Although, the persistent move out of
EUR/CHF Continues To Make Historic Lows On Euro Zone Tensions
from the BBH Currency Strategy Team The euro is slightly firmer today vs. the dollar today, but continues to make new historic lows vs. Swiss franc just below 1.25, suggesting that euro zone tensions remain strong. EM currencies continue to firm, suggesting a bit of decoupling from the euro zone crisis. However, trading ranges are