The US Dollar steadies after an earlier wild ride as a flood of geopolitical news erupts this Monday. In Germany, the far-right AfD party is outpaced by the CDU. The US Dollar Index (DXY) has recovered a near 0.50% loss andd trades marginally higher at the time of writing. The US Dollar Index (DXY), which tracks … Read more
The Pound Sterling moves higher as traders expect the BoE to cut interest rates two times more this year. US S&P Global Services PMI contracted for the first time in 25 months. This week, investors will focus on the US Durable Goods and PCE inflation data for January. The Pound Sterling (GBP) gains against its peers as … Read more
EUR/USD surrenders its initial gains and turns slightly negative from its opening rate as the US Dollar recovers strongly. Market participants worry that potential German coalition government formation will unlikely uplift the economy. Weak US private business activity data weighed on the US Dollar. EUR/USD gives up its entire intraday gains after revisiting the one-month high near … Read more
A slew of soft data and renewed expectations that US President Donald Trump’s tariffs will only be a short-lived transactional measure hurt the dollar last week. The direction of US protectionism will be the main driver beyond the short term, and we should see the discussion on Mexico and Canada tariffs return to centre stage … Read more
Euro (EUR) is expected to trade in a 1.0450/1.0505 range vs the US Dollar (USD). In the longer run, rejuvenated upward momentum suggests EUR could continue to advance; the levels to monitor are 1.0530 and 1.0560, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Levels to monitor are 1.0530 and 1.0560 24-HOUR … Read more
EUR/GBP climbs as market sentiment improves after Germany’s conservative election victory. Investors focus on the coalition-building process, with strong leadership viewed as essential for driving key fiscal reforms in Germany. The Pound Sterling may find support as expectations for a Bank of England rate cut in March ease. EUR/GBP gains as the Euro finds support … Read more