Dollar Dominance Continues Amid Fed Repricing; Trump Secures Korea Deal, Targets India

Risk aversion continues to support Dollar in relatively quiet trading today. Both Sterling and Canadian Dollar weakened mildly after worse-than-expected retail sales data. Euro shrugged off dovish comments from some ECB officials. Meanwhile, Yen softened slightly following lower-than-expected CPI core reading. However, overall movements in the currency markets remain limited as traders hold their bets, […]

In a typical Monday’s Asian trading session, the forex markets remained relatively subdued, with only modest movements observed. A mild sense of risk aversion was noted in the stock markets of Hong Kong and China, which exerted slight downward pressure on commodity currencies. This sentiment was largely driven by the disappointing official China PMI manufacturing […]

Global markets showed signs of fatigue overnight as trade optimism gave way to a more cautious tone. In the US, the S&P 500 eked out another gain, turning positive for the year, while DOW lagged and closed modestly lower. The divergence reflects a market still digesting the implications of recent trade developments. In Asia, stock […]