All posts by Payments International

Friday May 31st, 2019

US threat to place tariffs on Mexico saw US$ and Yen rally on safe-haven buying. Recession risk is growing, the probably of a FED rate cut 2020 is increasing. US/China trade concerns, Brexit, EU political uncertainty and EU in the process of renegotiating trade with US. A lot of variables out there ...
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Thursday May 30th, 2019

The trade rhetoric continues with a senior Chinese diplomate saying the trade dispute was “naked economic terrorism”. The US$ index is close to a 2 year high and with no solution in sight, investors continue to focus on safe-have currencies. US$ sold off slightly as oil bounced modestly ...
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Wednesday May 29th, 2019

US$ index rose to a 4 month high as trade tensions continue and the political concerns within the EU mount.  The Chinese Peoples Daily newspaper article suggesting possible trade retaliation made investors nervous. In Europe the EU commission potential response to Italy and upcoming elections saw E...
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Tuesday May 28th, 2019

US$ safe haven buying continues with lingering trade tensions and political concerns in the EU and UK remain. The European session was dominated by the Italy’s budget and the prospect of EU commission fines. In the UK, a no-deal Brexit appearing possible as the search for a successor to PM May...
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Monday 27th May, 2019

Euro opens slightly stronger as Pro-EU parties retain their hold on the EU parliament, but concerns as Eurosceptic’s made strong gains. Focus is back on US/China escalating tensions over trade/technology and the FEDs response to worsening economic outlook. With the US & UK both out today, ...
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Friday May 24th, 2019

Another busy overnight session with the US$ coming off its recent highs. Optimism of a trade solution grew slightly, boosting european equities and currencies. The EU elections have started and the prospect that eurosceptic parties across the continent may perform well. In the UK, PM May announced ...
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Thursday 23rd May, 2019

The US$ hit a one-month high as investors exited Asian & European currencies. Global economic concerns, Brexit worries and EU elections left investors little choice but to buy US$.   US$ bounced back against the C$. Falling oil prices coupled with investors focused on safe-haven currencies ...
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Wednesday May 22nd, 2019

The ongoing China/US trade conflict continues and concerns of the negative impact on various economies is growing. The EU elections and deadlock on Brexit both had additional impact on the markets today. US$ continued to sell off vs C$ as investors confidence grew after the lifting of tariffs and th...
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Tuesday May 21st, 2019

US$ continues firmer against most currencies as US-China trade concerns continue to linger. Expect US$ to remain firm as US treasuries yields rose and concern over upcoming EU elections.   US$ eased against C$ with the lifting of tariffs and expected ratification of the USMCA trade deal. In add...
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Friday May 17th, 2019

Safe haven currencies gain ground as concerns continue for a US/China trade resolution and caution ahead of the European elections. US$ rallied against C$ despite firmer oil prices and good Canadian data. Ongoing oil supply concerns should keep prices oil firm in the short term and expect no break o...
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