You have searched for "Global Forex Market"
Showing 41-50 of 195
THE dollar’s strength was broad-based, supported by safe-haven play after President Donald Trump tweeted about raising current tariffs from 10% to 25% on US$200bil worth of Chinese imports and accused the Chinese of backpedalling on trade talks. However, the US dollar erased its weekly gains after April core producer prices unexpectedly edged lower to 0.1% month-on-month (m-o-m) from 0.3% m-o-m in March (consensus: 0.2%).
THE dollar edged up 0.66% to 97.2 owing to bids for safe papers amid growing concerns on a global economic slowdown following the inverted US yield curve and falling sovereign bond yields in Europe.
THE US dollar softened 0.44% to 96.8 largely owing to an improving risk appetite following the UK averting a “no-deal” exit and progressive trade talks. The market cheered after the Trump-Xi summit is now postponed to next month, signalling strong commitments to seal a deal by both parties.
THE dollar inched up 1.02% to 97.7 partly due to the resurgence of concerns on global slowdown and the better-than-expected economic release. As the trade talks between the United States and China seem to be stalled, positive economic releases for the week pushed the dollar close to the 97 level.