MUFG trade of the week: Sell EUR/USD

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,

Aussie Hit by China Trade Data

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

Asia FX falls on weak Chinese trade data, dollar strengthens By Investing.com

© 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

Safe-haven dollar gains on weak Chinese trade data By Investing.com

© 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

Australian Dollar sinks after dismal Chinese trade data

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)

Poor Chinese Trade Data Sends Oil Lower

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

Dollar gains ground; Aussie, yuan slip after weak China trade data By Reuters

© 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

USD/JPY now seen extending the range bound trade – UOB

Share: USD/JPY is expected to keep the 140.00-143.30 range for the time being, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: We did not expect the sharp drop that sent USD tumbling to a low of 141.54 (we were expecting it to trade