All posts by Payments International

Friday July 26th, 2019

US$ -Today investors will focus on  Gross Domestic Product data  where growth should be at 1.8% in the second quarter from the 3.1% annualized pace set in the prior period. The US$ will likely trade in step with GDP. The better the number the better the dollar will be today.  A weaker GDP numbe...
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Thursday July 25, 2019

US$ was modestly lower against a basket of currencies after three straight days of gains, generally trading in narrow ranges ahead of monetary policy meetings at the ECB today and the Federal Reserve next week. Today we have Durable goods orders which is predicted to increase 0.7% in June after fall...
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Wednesday July 24th, 2019

US$ traded near a five-week high against most major currencies. With a government borrowing agreement on Monday the U.S. Treasury could increase its short-term borrowing. An increase in U.S. borrowing would cut money in the banking system which is seen favourable for the dollar. US existing home sal...
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Tuesday July 23 2019

US$ at a 2 week high versus major currencies as investors have been scaling back expectations of a 50 bps rate cut next week. Yesterday U.S congress reached a deal yesterday on a two year extension of the debt limit, removing fears of a government default later in the year. The US will release the [...
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Monday July 22 2019

US$  slightly up this morning thanks mostly to safe-haven demand amid rising tensions in the Middle East. USD could be range bound today  as investors await a Fed interest rate cut next week, UK elections this week and ECB meeting later in the week. C$ is flat this morning and with no economic new...
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Monday July 22 2019

US$  slightly up this morning thanks mostly to safe-haven demand amid rising tensions in the Middle East. USD could be range bound today  as investors await a Fed interest rate cut next week, UK elections this week and ECB meeting later in the week. C$ is flat this morning and with no economic new...
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Friday July 19th 2019

US$ recovered slightly this morning having heavily fallen and dovish comments from NY FED John Williams yesterday of an aggressive interest cut this month. It had rebounded slightly after a representative at the NY Fed said Williams comments were academic and not about immediate policy direction. Ma...
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Thursday July 18, 2019

US$ is down against most majors for the second day after weaker housing data yesterday and softer U.S Treasury yields. Investors seem to be gearing up for next weeks policy meeting where 25 basis point rate cut has been built into the money market. C$ is firm this morning against the USD with oil  ...
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Wednesday July 17th, 2019

US$ news of President Donald Trump maintained his threat to impose additional tariffs on Chinese imports.    The dollar rose against a basket of currencies after strong U.S. retail sales data reinforced market expectations the Federal Reserve will refrain from making a large 50 basis-point rate cu...
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Tuesday July 16th, 2019

US$ slightly stronger vs major currencies this morning. BOE, FED chiefs both speaking today as well as US retail sales should provide intra-day direction. C$ failed to extend its current rally yesterday with easing oil prices. We currently sit at the key 1.3050 level, our stronger C$ bias remains in...
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