Market News

peculation that U.S. President Donald Trump will appoint a hawkish head of the Federal Reserve when current Chair Janet Yellen’s term expires kept the dollar steady on Tuesday morning.

The British pound headed higher on Monday despite Prime Minister Theresa May’s struggles with Brexit policy that has been plaguing the currency of late.

Oil prices were broadly higher on Monday morning after Iraqi troops advanced towards Kirkuk, an oil-rich region in Kurdistan that recently declared independence from Baghdad.

This week will see relatively thin news agenda like last week, with the key economic data due input coming from the United Kingdom and China.

The US Dollar is struggling in Asian trade, and is poised to record a loss for the week ahead of today’s release of US inflation data.

The Pound Sterling inched higher against a lackluster US Dollar despite uncertainty over the Brexit negotiations.

The Canadian Dollar, known to FX traders as the Loonie, inched higher to a 1-week peak after the latest minutes from the Federal Reserve Bank weighed on the US Dollar.

The rise is generally attributed to a surge of relief felt now that there appears to be a halt to Catalonia’s quest for independence from Spain.

Oil prices were higher on Wednesday, extending Tuesday’s 2 percent gains on expectations that markets are finally tightening after struggling with oversupply for the past few years.

The common currency edged up to a 1-week high versus the US Dollar today after hawkish commentary overnight from one European Central Bank policymaker helped to solidify bets that the economic outlook for the Eurozone remains robust.

The dollar stayed within range of a 10-week high on Tuesday morning after retreating slightly on Monday.

Global currencies struggled on Monday morning due to various political concerns and unknowns in Europe, Asia and the United States.

In Monday trading, the Pound Sterling recovered from a fall which saw its largest single week’s decline in about a year.

This week will see a similarly weighty yet thin news agenda like last week, with some items of key U.S. economic data due towards the end of the week starting on Wednesday.

The US Dollar Index struck a fresh 7-week peak as investors look to today’s release of private sector jobs data from the US.