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EUR/USD daily MUFG Research adds a new short EUR/USD position to its trade of the week portfolio targeting a move towards 1.0770, with a stop at 1.1160. “We have instigated a short EUR/USD trade idea to reflect the potential bias favouring yield and hence the dollar over the short-term,” MUFG notes. “So far in August,
AUD/USD ANALYSIS & TALKING POINTS Concerns around Chinese economy increase leaving AUD under pressure. Fed speakers under the spotlight later today. Bears eye 0.6500. Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar has slid further this Tuesday morning as Chinese import and export numbers (refer to economic
© Reuters. Investing.com — Most Asian currencies fell on Tuesday as disappointing Chinese trade figures weighed on sentiment, while the dollar advanced amid uncertainty over the Federal Reserve and anticipation of key inflation readings this week. Government data showed that both Chinese and shrank at their fastest pace since the 2020 COVID-19 pandemic, pointing to
© Reuters Investing.com — The U.S. dollar traded higher in early European trade Tuesday, with risk sentiment hit as disappointing Chinese trade data pointed to continued weakness in Asia’s largest economy. At 03:20 ET (07:20 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.3% higher at 102.190, climbing
Share: Australian Dollar returns to its bearish course after China releases below-expectations trade figures for July. The data suggests Chinese demand for Australian raw materials will lessen. The US Dollar rises on increased safe-haven buying following the poor data. The Australian Dollar (AUD) dives to new monthly lows against the US Dollar (USD)
Brent Crude, WTI Oil Analysis Chinese export and import data worsens further, hitting oil markets as global outlook remains vulnerable Brent crude oil heads lower after souring Chinese trade data Brent bulls fail to test big level of resistance at $87 – downside scenarios analysed The analysis in this article makes use of chart patterns
© Reuters. FILE PHOTO: An employee of the Korea Exchange Bank counts one hundred U.S. dollar notes during a photo opportunity at the bank’s headquarters in Seoul April 28, 2010. REUTERS/Jo Yong-Hak/File Photo By Rae Wee and Samuel Indyk LONDON (Reuters) – The U.S. dollar turned higher on Tuesday after another disappointing set of Chinese