By Ritu, Capital Sands The next week could set the tone for the $6.6 trillion-a-day currency market in 2020.The geopolitical risks that have shaped foreign exchange this year — Brexit and the U.S.-China trade war — are approaching a critical point, according to Credit Agricole SA. The U.K. will vote for a government on Thursday […]
By Ritu, Capital Sands The U.S. dollar was unchanged on Friday in Asia as traders awaited the release of the latest U.S. job report, which is due at 8:30 AM ET (13:30 GMT). The U.S. dollar index that tracks the greenback against a basket of other currencies was unchanged at 97.380 by 1:30 AM ET (05:30 GMT). […]
By Ritu, Capital Sands Asian markets gained in morning trade on Friday ahead of the release of U.S. nonfarm payrolls data for November due later in the day stateside. China’s Shanghai Composite was little changed by 10:35 PM ET (02:35 GMT), while the Shenzhen Component inched up 0.2%. Japan’s Nikkei 225 rose 0.3% after the country’s Prime Minister Shinzo […]
By Ritu, Capital Sands Asian currencies made something of a comeback on Thursday morning in Asia as optimism about a possible trade deal between China and the US returned. The USD was lost a little ground and the Australian dollar stopped a multi-day slide even as the Yuan continued to slide. On Wednesday US President Donald Trump […]
By Ritu, Capital Sands The U.S. dollar was trading near one-month lows on Wednesday after U.S. President Donald Trump warned a trade deal with China might not come until after the 2020 presidential election and threatened to escalate his trade war with other nations. The U.S. dollar index against a basket of six major currencies was […]
By Ritu, Capital Sands France and the European Union are ready to fight back over the latest U.S. tariff threats on French products, French government ministers said on Tuesday. On Monday, the U.S. government said it may impose punitive duties of up to 100% on $2.4 billion of imports from France, including champagne, handbags, cheese […]
By Ritu Capital Sands Gold traded marginally lower on Tuesday morning in Asia, hovering around the $1,468 range as the U.S. and China are still in talks for ‘deal or no deal.’ Gold Futures contracts traded at $1,467.95 by 10:00 PM ET (03:00 GMT), down 0.09%. Talks of a possible “phase one” deal between the world’s […]