Market News

The dollar was unchanged against the euro as of 2:02 p.m. HK/SIN after the euro hit a four-month high of $1.2081 on Tuesday, nearing levels not seen since 2015 before pausing.

The Pound Sterling began this year’s first trading day by hitting a 3-month peak versus the US Dollar. FX traders seem to have dismissed the latest data disappointment

According to analysts, with the raise in the Bitcoin, the Japanese GDP will increase by 0.3%, as the Bitcoin is being traded disproportionately with the Yen

The dollar was down against most of its primary trading partners on Tuesday, starting the year lower after hitting a three-month low on Friday, the last trading day of 2017.

The Santa rally continued on Thursday with Asian markets closing higher and U.S. markets poised to open higher, despite thin seasonal trading.

The dollar struggled during Thursday’s Asian trading session, trading lower against most of its trading partners, perhaps prompted by a sell-off

Bitcoin prices were fluctuating between losses and gains on Wednesday, searching for direction as traders continued wondering whether the weeks-long rally has finally run its course.

Oil prices retreated on Wednesday from 2015 highs hit on Tuesday despite a supply disruption in Libya as production resumed on the Forties pipeline system in the North Sea on which cracks were discovered on December 11.

The US Dollar steadied in Tuesday trade, despite much of the developed world having closed financial markets due to Boxing Day celebrations.

Positive data out of Japan on Tuesday did little to move the markets as thin post-holiday trading continued, and traders seemed to relish their end-of-year vacation.

The generous holiday spirit wasn’t enough to keep the bitcoin bubble fully inflated, leaving some traders confused and others invoking the historic ‘I told you so’ rhetoric.

The Euro came under pressure against the US Dollar after the independence vote in Spain’s Catalan region showed a win for the separatist movement.

The US Dollar gained some momentum and edged up versus the Yen after the Bank of Japan dashed any belief that it would be throttling back from its QE program.

The African National Congress Party, the ruling party in South Africa, chose Cyril Ramaphosa to lead the party after President Jacob Zuma.

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.