Market News

The recovery in the world’s equity markets, albeit a minimal recovery, helped push the US Dollar higher versus several safe haven currencies.

It was a bad start to another week in the markets. Asian shares slid to their lowest levels since 2011 on Monday amid weak U.S. economic data and a massive fall in oil prices that fueled further worries about a global economic downturn.

U.S. stocks plummeted Friday after reports of disappointing U.S. data added to the plunge in oil to below $30 a barrel and the sell-off in Chinese stocks which pointed to mounting concerns about the country’s slowdown.

This coming week ahead is quite likely to see continued strong movement, with a greater volume of news scheduled. Get the economic and political calendar for the popular currencies for the week of January 18, 2016 here.

Tsai Ing-wen rode a tide of discontent over everything from China ties to economic growth to become the island’s first female president and secure a historic legislative majority for her Democratic Progressive Party.

Major Asian stock markets were mixed overnight as they gave up some of their early morning gains Friday.

The plunge in oil prices has continued to weigh heavily on commodity-linked assets. Earlier today, the Canadian Dollar dipped versus the US Dollar to its lowest price in 13 years.

Explosions hit central Jakarta Thursday sending Indonesia's stocks tumbling and other Asian markets following in the wake.

The Aussie and New Zealand Dollars were provided with a solid boost after trade data from China came in with an unexpected yet welcome surprise.

Asia shares turned upwards Wednesday, with markets closing mostly higher and some major indexes rebounding. It was the first positive sign of stability amidst lingering worries about China and falling commodity prices and follows an unstable start to the year.

Safe haven demand grew one again as the oil price rout and the economic situation in China take center stage.

Asia's major markets closed mostly lower overnight hitting four-year lows as oil prices continued to slide and China concerns weighed in on investor sentiment.

After the latest intervention by the People’s Bank of China which sent the Chinese Yuan significantly higher, especially in offshore trade, demand for safe haven currencies eased off.

Asian shares hit four-year lows on Monday while U.S. stock futures were seen broadly lower on Sunday indicating that the rough start to 2016 is not yet over.

Employers seem unperturbed by the Federal Reserve's decision to raise interest rates and are still hiring without letting up.