FOREX-Dollar hangs on as traders turn to ECB; Brexit wobbles hit sterling

“The key question for markets is whether the remarks are still mostly brinkmanship as negotiations near the finish line,” said NAB economics director Tapas Strickland. “The mild market reaction suggests markets think so and still sniff a deal.”

FOREX-Dollar bides time ahead of ECB, Brexit woes hit sterling

“Around eight years ago (when Abe took over), the yen was stronger at around 70 per dollar. But with the current dollar/yen level, there’s nothing much the successor can do currency-wise,” said Daisuke Karakama, chief market strategist at Mizuho Bank.

FOREX-Dollar and yen rise as tech selloff sends investors to safety

The pound, which fell 1.5% against the dollar overnight, edged lower to a six-week trough of $1.2962 in Asia and has lost nearly 4% in a little over a week. It also hit a six-week low against the euro, of 90.57 pence and has fallen 2.6% to 137.38 yen in three sessions. The tech selloff, […]

FOREX-Dollar steadies after U.S. jobs report, focus shifts to ECB meeting

The U.S. Labour Department report on Friday showed that U.S. employment growth slowed and permanent job losses increased as government funding started running out, raising doubts on the sustainability of the economy’s recovery. Still, the jobless rate fell to 8.4% from 10.2% in July.

FOREX-Dollar firms, yen up as tech selloff hits FX

“Lane appears to have succeeded in drawing a line in the sand at $1.20 at least for the time being,” said Rabobank senior FX strategist Jane Foley. “We see scope that euro/dollar could dip further towards the $1.17 level on a one-month view.”

FOREX-Dollar steadies as traders wary about U.S. stocks, look to ECB for catalysts

The U.S. Labour Department report on Friday showed that U.S. employment growth slowed and permanent job losses increased as government funding started running out, raising doubts on the sustainability of the economy’s recovery. Still, the jobless rate fell to 8.4% from 10.2% in July.

Euro holds gains as traders brace for ECB meeting

However, traders may be reluctant to buy the common currency further before the ECB meeting due to earlier media reports that officials are growing uncomfortable with the euro’s almost 6% appreciation against the dollar from its June low.

Dollar firms, yen up as tech selloff hits FX

“Lane appears to have succeeded in drawing a line in the sand at $1.20 at least for the time being,” said Rabobank senior FX strategist Jane Foley. “We see scope that euro/dollar could dip further towards the $1.17 level on a one-month view.”