The Chinese Yuan made gains against the Dollar overnight as traders went risk-on in New York. News of a new round of infrastructure stimulus out of China pushed iron ore prices higher.DailyFX – Market OutlookRead More
The Dollar has continued to jump through the first week of Q3 trade and tomorrow brings the first Non-farm Payrolls report for the quarter. Buckle up.DailyFX – Market OutlookRead More
The Euro has had a very bearish start to Q3 and there’s been nary a stall or pullback in the move so far, setting up a troubling picture around the Euro-Zone as inflation remains above 8%.DailyFX – Market OutlookRead More
The British Pound fell below its June low versus the US Dollar overnight as embattled Prime Minister Boris Johnson faces an increasingly perilous position. Oil falls again as China tightens Covid m…DailyFX – Market OutlookRead More
The Australian Dollar fell to a US Dollar that was boosted by safe-haven demand overnight. The RBA’s chart pack is due out today, but traders are digesting news of new Covid testing out of Shanghai…DailyFX – Market OutlookRead More
The US Dollar has set a fresh 19-year-high to get a fast start to Q3 trade. EUR/USD has fallen below the 1.0300 handle and GBP/USD is testing below the 1.2000 big figure.DailyFX – Market OutlookRead More
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