Economic and political turbulence in the euro zone will keep the euro under pressure in coming months, but currency strategists in a Reuters poll still say it will rally next year once the U.S. dollar’s dominance fades. The challenge, say strategists, is trying to predict when the dollar – which is...
https://www.hellenicshippingnews.com/euro-rebound-still-on-cards-but-conviction-starting-to-waver/
The pound held gains even as key economic data came in weaker than expected, as the market opted to focus instead on signs of progress in Brexit talks. The currency strengthened Monday following a Sunday Times report that Prime Minister Theresa May has secured concessions from Brussels to let her...
https://www.hellenicshippingnews.com/some-analysts-think-the-pound-could-head-for-1-35/
The dollar held at a 16-month high on Wednesday as a rebound in global stocks fueled demand for the greenback, with cautious comments from Japan’s central bank also helping sentiment. With U.S. Treasury yields on 10-year maturities rebounding to 3.14 percent from three-week lows hit last week,...
https://www.hellenicshippingnews.com/dollar-set-for-seventh-month-of-gains-as-stocks-advance/
How much further will China’s currency fall after it touched the weakest level in a decade on Tuesday? The answer may depend in large part on whether Beijing can keep capital outflows under control. Official figures released over the past few weeks suggest money is increasingly leaving China’s...
Currency traders digested another blow to European market confidence on Tuesday, after a third-quarter eurozone GDP reading disappointed, while dollar traders received President Donald Trump’s assessment of a possible trade deal with China as a positive factor. For the eurozone, preliminary GDP...
https://www.hellenicshippingnews.com/currencies-euro-slides-after-gdp-blow-dollar-continues-climb/
China guided the yuan to its weakest official level in a decade on Tuesday–a move that could fuel expectations of a further, self-reinforcing slide. The yuan’s depreciation puts pressure on Chinese policy makers, who want to give investors a bigger say in determining the currency’s value but appear...
https://www.hellenicshippingnews.com/china-sets-official-yuan-rate-at-weakest-since-2008/
The pound inched down to just above two-month lows on Monday as traders prepared for the British finance minister’s annual budget speech later in the day. Philip Hammond will use his speech to urge his divided Conservative Party to back the government’s plan for a Brexit deal, or put at risk a...
https://www.hellenicshippingnews.com/sterling-stuck-near-two-month-lows-before-budget-speech/
China will be able keep its yuan currency basically stable due to the country’s healthy economic fundamentals and ample foreign exchange reserves, Pan Gongsheng, a vice governor at the People’s Bank of China, said on Friday. The central bank will adopt macro-prudential measures to stabilise market...
The dollar hovered near a 10-week high on Friday as investors waited to see if U.S. economic growth figures do anything to interrupt its months of strength. Donald Trump has expressed displeasure over the dollar’s strength, defying a custom that U.S. presidents avoid openly interfering in financial...
https://www.hellenicshippingnews.com/dollar-nears-10-week-high-before-u-s-gdp-data/
Dollar-yuan trading volume surpassed the frenzied levels seen during the 2015 devaluation on Wednesday, amid signs China is trying to prevent its currency from weakening too fast. Volume was up 27 percent at $66 billion as of 5 p.m. local time, the most since Bloomberg began compiling the data in...
https://www.hellenicshippingnews.com/yuan-trading-volume-exceeds-2015-peak-as-currency-stays-rooted/