All posts by Payments International

Friday June 14th, 2019

Global recession fears rise after China’s May industrial output growth slows to a 17 year low. The markets are looking to the FOMC 18/19th June for direction on near term interest rates. Major currencies remain within their current trading bands, with US$ slightly firmer.   US$ continues ...
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Thursday June 13th, 2019

Comments of “testy” trade relations between US/China, protests in Hong Kong and attacks on oil tankers saw safe-haven currency buying. Investors nervous of current market conditions turned back to safe-haven currencies and the US$ indexed edged slightly lower. Oil prices regained the 2% ...
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Wednesday June 12th, 2019

US$ remains within the current trading band despite market conditions and comments. Growing concerns that US/China meeting at the G20 may not be as positive as hoped. A Tweet commenting that Euro and other currencies were “devalued” against the US$. Oil pricing falling 2% on lower demand...
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Tuesday June 11th, 2019

US$ is holding firm at 10 week lows. The prospect of a possible Fed ease in July is mounting, but the short term focus remains the G20 meeting. Cautious optimism is growing that China/US could find a compromise when the two countries meet at the G20 this month.   US$ slightly weaker overnight ...
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Monday June 10th, 2019

US$ firmed as investors had a positive response to Mexico averting tariffs today. In addition the prospect of a friendly meeting between the US & China leaders at the upcoming G20 added to the positivity. Safe-haven Yen sellers emerged from risk-off trading.  Euro stalled on comments from the E...
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Friday June 7th, 2019

The prospect of the FED cutting interest rates, on going trade tensions has caused the US$ to sell off in recent days hitting a 2 month lows. Jobs data in the US and Canada, but any impact from positive data will be short lived. The markets are waiting to see any positive comments from US/China [&he...
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Thursday June 6th, 2019

ECB kept rates on hold and cut grow forecasts for the next two years, highlighting the slowdown will be longer than expected. US threatens further tariffs on China, but meetings between US/China are still scheduled to go ahead at this weekends G20 meeting in Japan. US$ index fell to a 2 month low an...
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Wednesday 5th June, 2019

Comments from the Fed Chairman saying it was changing its approach to rates from “patient” to “as appropriate” saw US$ sell off to a 7 week low. Recession concerns globally have seen Central Banks in recent weeks cut rates and possibly signaling the start of global monetary e...
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Tuesday June 4th, 2019

Increasing prospect of an interest rate cut by the FED saw investors selling off US$, which fell to a 3 week low. Growth concerns also saw further selloff in oil, which dropped to Jan19 levels. Yen rallied to 5 month highs becoming the safe-haven currency of choice. US$ fell to a two week low vs [&h...
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Monday June 3rd, 2019

Trade tensions continue to grow beyond China to Mexico and India, which saw safe haven currencies continue their rally. Yen & Chf both hit 2 year highs vs Eur on Friday. US 2 year treasury yield saw its biggest 2 day fall since 2008, causing some unwinding of long US$ positions in Asia this morn...
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