Loonie Dips After CPI Miss, Attention Turns to RBNZ

Japanese Yen resumes its free fall today, after a brief pause, and reaches new 34-year low against Dollar. Yen’s weakness is also broad-based and evident against other major currencies, with EUR/JPY marching towards its 2008 high and GBP/JPY heading to its 2015 peak. It’s clear that the absence of strong verbal interventions from Japanese officials […]

Risk appetite remains solid in Europe, with the FTSE 100 hitting a fresh record high as traders look through escalating US trade actions. US equity futures are holding steady too, and markets are showing little fear that the widening scope of tariffs will derail global growth. The upbeat mood comes despite US President Donald Trump’s […]

Dollar staged a firm comeback today following slightly better-than-expected non-farm payroll figures, with job growth at 139k and wage growth coming in strong at 0.4% mom. While not a blowout report, the data was enough to alleviate immediate concerns of a sharp labor market slowdown. Stock futures also advanced, suggesting that investors are reassessing the […]