Market News

The Pound Sterling edged away from the Euro, retreating from the highest price in a month, as FX traders were awaiting the latest economic data from the UK, specifically January’s inflation.

Federal Reserve announced on Monday that Daniel Tarullo, the central bank’s top financial regulator, has tendered his resignation and will be stepping down on April 5, 2017.

The Pound Sterling edged higher against the US Dollar and extended its gains versus the Euro for the 6th consecutive day.

The dollar hit a two-week high during Monday’s Asian session after the weekend meeting between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe which paved the way for an open and perhaps friendly relationship between the nations.

There will be a similarly light news schedule this week, compared to last week which was quite light.

The US Dollar was higher versus the Japanese Yen in early Asian trading but is struggling against other major crosses.

Among the currencies from developed economies, the Kiwi Dollar took the largest fall in Thursday European trading after the Reserve Bank of New Zealand said last yesterday that a tighter monetary policy was likely not going to occur for at least two years.

Brent crude futures were trading up at $55.41 during Thursday’s Asian session, up 0.5 percent from their last close.

The Pound Sterling steadied versus the US Dollar after a relatively volatile day.

Asian stock prices retreated during Wednesday’s Asian session as investor confidence was further shaken by U.S. President Trump’s potential trade policies.

The Pound Sterling struck a 1-week trough versus the US Dollar as the Prime Minister works out a legislative plan that would enable Britain to leave the European Union.

The Reserve Bank of Australia announced on Tuesday that it would hold interest rates steady.

After nearly a month of declines, the US Dollar steadied in European trading thanks to unexpectedly upbeat labor data on Friday.

International Brent crude futures were up 20 cents per barrel during Monday’s Asian session, following concerns that U.S. sanctions against Iran could impact crude supplies.

There will be a lighter news schedule this week, compared to last week which was quite heavy. There is central bank input expected this week from Australia and New Zealand, as well as a few high-impact pieces of economic data, mostly from Canada and the U.S.A.