The performance of the British Pound was notable on Monday, as the GBP/USD exchange rate leapt above 1.4150. ING reports fears of a trade war could be overblown but is concerned about the dangers to markets if the US identify China as a currency manipulator in a report this month. ABN AMRO …
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The Wall Street day started with Nowotny declaring the end of ECB QE and sending the euro quickly to 1.2378 from 1.2325. His comments stood for a few hours before the ECB came and walked them back, dropping the euro right back to 1.2325 before a late bounce to 1.2355. USD/JPY was bounced …
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Amid no macroeconomic releases in Switzerland today, traders would look forward to global macroeconomic events for further direction. The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
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“It seems as if Beijing is showing their hand in this trade war and showing the full extent of policies they could deploy in response to Trump's … Adding to that, he says that a yuan devaluation policy approach will weigh on global risk sentiment as it would escalate trade tensions to a currency war, …
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