Market News

The Euro edged higher and moved away from the recently struck 11-month trough versus the US Dollar as political uncertainty within the Eurozone seems to be evaporating slightly; that has provided some support to the common currency.

The dollar held tightly to its 13 ½ year highs during Monday’s Asian session as investors held their beliefs that Trump would make good on his expansionary fiscal policies which will bring about interest rate hike to help stem inflation.

There will be a lighter news schedule this week compared to last week. Get the economic calendar for the week of November 21, 2016 here.

The US Dollar continued to move broadly and decidedly higher against its major peers, which helped to push Japan’s Nikkei index to a fresh 10-month peak.

The US Dollar was broadly lower in Thursday trade as speculation rises that the Federal Reserve Bank might be concerned over the pace of the Dollar’s surge in the wake of the surprise Trump victory.

U.S. bond prices began to slow on Thursday, following a week of dramatic increases, with the benchmark 10-year note retreating to 2.197 percent after hitting highs above 2.3 percent earlier this week.

The Pound Sterling continues to inch higher versus the US Dollar and the common currency Euro despite mixed UK labor data.

With fewer than 70 days before he’s scheduled to take office, Donald Trump has over 4,000 political positions to fill, the most pressing of which is the transition team that will help ensure a smooth entrance to the coveted office.

The US Dollar fell broadly after the recent rally in the wake of the surprise victory for Donald Trump in the US Presidential election.

The dollar remains surprisingly strong after Donald Trump’s historic presidential win last week.

The US Dollar Index surged to a multi-months peak, continuing last week’s gains and driven there by a rise in yields on US Treasury instruments.

There will be a heavier news schedule this week compared to last week, with major input due from the Reserve Bank of Australia, plus a slew of economic data mostly from the U.S.A. Get the economic calendar for the week of November 14, 2016 here.

The US Dollar held near to a 3½ month peak against the Japanese Yen during early trade in Japan, extending last night’s gains.

Though currently under some pressure, the Pound Sterling had earlier edged higher versus the Euro and the US Dollar as markets digest the global repercussions of a Donald Trump presidency.

Asian shares rebounded on Thursday following Wednesday’s steep declines and erasing fears that Trump’s presidency would wreak havoc on the markets.