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A Raised Bar?
With the proviso that how the currency market trades in early January is not always representative of how currencies perform over the year, traders may conclude that the hurdle rate for a higher US dollar has been raised given that a more likely response to the unveiling of significant US tax reform, at a time[…]
Yen Short Sticks Out Amid Weak US Dollar Price Action
Amid the currency market action at the start of 2018 that has seen the greenback trade poorly versus the likes of the euro (EURUSD), its relative resilience against the yen (USDJPY) sticks out somewhat. Perhaps the extended public holidays in Japan have limited interest in the pair at the beginning of January but there’s no[…]
New Year, New US Data
The US dollar may have begun the year on the soft side in Asia but market sentiment this week may hinge on various US economic data releases, starting with Wednesday’s ISM manufacturing index where analysts polled by Bloomberg expect a print of 58.2 in December, unchanged from November. But the main event will undoubtedly be[…]