Market News

The US Dollar, which had earlier moved within striking distance of the recently struck 1-week peak versus the Japanese Yen, is now struggling for traction.

The Swedish Crown edged higher against the Euro after the country’s central bank signaled a number of rate hikes next year.

The price of bitcoin swung wildly on Wednesday morning after Coinbase, the largest bitcoin exchange in the United States, announced on Tuesday that it was now offering bitcoin cash.

The US Dollar came under pressure against the Euro on Tuesday as FX traders show their wariness over the passage of the US tax reform bill.

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The proposed U.S. tax bill inched closer to passing on Monday, encouraging U.S. stock indexes to close at record highs and nudging Asian markets higher at the start of Tuesday’s Asian trading session.

The US Dollar Index fell on Monday trading, largely as a result of cautious optimism that Donald Trump’s tax reform bill could be moving closer to ratification.

Wall Street closed higher on Friday and Asian stock markets followed suit on Monday morning, with investors expressing optimism

This week will see a news agenda of average weight, with the key items coming as key economic data releases for the U.S. Dollar. There will also be important Japanese and Australian central bank input.

The US Dollar was on the backfoot in Asian trade on Friday after two Republican Senators said yesterday that they would need to see more changes to the proposed tax reform bill.

The Pound Sterling crept higher during trade on Thursday ahead of the eagerly awaited policy meeting from the Bank of England.

Yesterday’s FOMC decision to raise the U.S. interest rate by 0.25% to 1.50% had been long expected by the market and was no great surprise, but the following hours saw a responsive hike by China albeit by just five basis points

The US Dollar Index edged away from the recently struck 4-week peak after news that Trump favored Senate candidate Roy Moore lost in his bid for the open seat to Democrat Doug Jones.

Despite repeated warnings from global financial regulators and professional market analysts that bitcoin is in a dangerous bubble, the price of the crypto currency continued to climb on Wednesday

The US Dollar took a breather after its latest rally as markets ponder the likely outcome of the next Federal Reserve policy meeting due to kick off later today and conclude tomorrow with a rate decision.