Currencies

US dollar to weaken, but Fed rate cuts are required, say strategists

The dollar's relentless strength in the recent past will make way for minor weakness over the next 12 months, according to FX strategists in a Reuters poll, who generally agreed the dollar was...

Dax plummets - economic worries and interest rate uncertainty weigh down

Economic concerns and uncertainty about the interest rate course of the major central banks have sent investors on the German stock market fleeing. The Dax lost 1.3 percent to 18,374...

MORNING BID EUROPE-Dazed dollar set for more macro jolts?

A look at the day ahead in European and global markets from Kevin Buckland The once invincible dollar was still reeling on Tuesday after more macro evidence that the U.S....

Currencies: New opportunity for the euro against Nordic currencies

Let's put aside the endless and recurring questions about the timing of the first rate cuts to focus on a technical situation which we find interesting. The euro is back on technical support against...

Dax makes up ground - investors hope for ECB interest rate cut

In anticipation of interest rate cuts on both sides of the Atlantic and encouraged by renewed share price gains by US technology companies, investors have returned to the European stock markets. ...

Investors bet on ECB interest rate cut - Dax rises

Investors on the German stock market started the new week with confidence. The leading German index rose by one percent at times on Monday to 18,689 points. The EuroStoxx50 gained 0.7...

Dax finds it difficult to get going on Corpus Christi

The fear of persistently high interest rates in the USA is dampening the buying mood of Dax investors. On Corpus Christi, the leading German index lost 0.1 percent to 18,463 points....

Investors cautious after Ifo index - Dax up slightly

A surprisingly stagnant Ifo economic index has made investors on Europe's stock markets cautious at the start of the week. The Dax and the EuroStoxx50 held on to their narrow gains on...

Doubts about imminent US interest rate turnaround push Dax into the red

The prospect of persistently high interest rates in the USA for the time being is increasingly causing a negative mood among Dax investors. At its peak on Friday, the Dax lost 0.9...

Hedge funds play a weak Japanese yen

Pressure on Japan to prop up a weak yen may have ebbed, but currency weakness remains a headache for Tokyo. The yen is down 9.4% against the dollar so far this year, and looks set for a...

Flood of figures puts investors in a buying mood - US inflation ahead

Strong company balance sheets are putting Europe's equity investors back in a record mood. The Dax rose by a peak of 0.6 percent to 18,830 points on Wednesday morning. This was only...

Currencies : Can the Australian dollar continue his bullish path?

The Australian dollar has soared, particularly against the major commodity currencies, even if the RBA has not adopted the hawkish stance that some traders were hoping for. Nonetheless, the Australian...

MORNING BID EUROPE-Back on the rate cut track

A look at the day ahead in European and global markets from Rae Wee European markets will be waking up to a fairly quiet session with London closed for a holiday and...

Indonesian rupiah, Taiwan dollar gain among steady Asian FX

The following table shows rates for Asian currencies against the dollar at 0212 GMT. CURRENCIES VS U.S. DOLLAR ...

Mexico peso to navigate between firm economy and political doubts

Mexico's peso is set to navigate between a relatively firm economy on one side and some political doubts on the other, with a small depreciation expected in the medium-term, a Reuters poll of foreign...

S.Korean won, Indonesian rupiah lead gains among Asian currencies

The following table shows rates for Asian currencies against the U.S. dollar at 0203 GMT. Currency Latest bid Previous day Pct Move Japan yen 152.850 153.63 +0.51 ...

Greenback strength to persist on delayed Fed rate cut calls

A rallying U.S. dollar will stand resolute and may even trade more strongly than predicted in coming months if the policies of the Federal Reserve and other major central banks diverge, according to...

Currencies: Sellers are relentless on the CHF

With the Swiss National Bank's interest-rate cut, the Swiss currency is performing poorly. It even has the luxury of trailing the Japanese yen in terms of negative relative performance against the...

Fear of conflagration in the Middle East sends Dax plummeting

Fears of an escalation of the conflict between Israel and Iran have spooked investors on the European stock markets. At times, the Dax lost 1.2 percent to 17,626 points at the end of the...