Home / Stock Market News / Daily Currencies Ratings

Daily Currencies Ratings

The euro cannot survive unless Europe changes

Europe stands at a crossroads in 2017. For nearly 70 years, it has known only one direction: ever stronger integration involving a steadily rising number of countries. Now a big economy and political heavyweight has turned its back and is leaving the European Union. Brexit will be seen as a turning point in history. For the time being it is very uncertain how relations between the U.K. and the EU of 27 countries will develop. The wider fallout remains to be seen. Nationalist parties from right and left in other ...

Read More »

Trump comments, sterling’s record rise sting dollar

The dollar fell to a four-week low on Tuesday, moving lower against all Group of 10 currencies with sterling leading the charge after a soothing speech on Brexit from British Prime Minister Theresa May triggered the pound’s largest one-day percentage gain since at least 1998. A recent sell-off in the dollar deepened as U.S. traders returned from a long weekend to widespread weakness after President-elect Donald Trump said the greenback’s strength against the Chinese yuan “is killing us.” Sterling GBP=D4 rose by about 3 percent against the dollar, touching its ...

Read More »

Yen Unlikely to Draw Japan Into Conflict With Trump, Sinai Says

Japanese policy makers don’t need to worry about a conflict with Donald Trump’s administration over the yen’s exchange rate, according to Allen Sinai, president and CEO of Decision Economics. The Trump administration is more likely to let markets decide foreign-exchange levels, he said during an interview in Tokyo on Tuesday, where he was meeting with policy makers. Trump noted the U.S. trade deficit with China, Japan and Mexico in his recent press conference and further pressure in this area could undermine improvement in Japanese business confidence. The currency has been ...

Read More »

Dollar loses altitude, sterling braces for May day

Grumbles from Donald Trump about the strength of the dollar pushed the currency down for the seventh day in the past ten on Tuesday, while the pound climbed off a three-month low before a keynote speech on Brexit from Britain’s Prime Minister. Concerns over U.S. President-elect Trump’s protectionist policies have sapped the dollar going into his inauguration this week. The shift has been most pronounced against the yen and the dollar dropped 0.9 percent to a five-week low of 113.04 yen in early European trading. <JPY=EBS> That came in tandem ...

Read More »

Yuan Top Forecaster Sees No End to Losses as China Economy Slows

Pressure on China’s yuan to depreciate will persist as the economy slows, according to the currency’s top forecaster. The yuan will fall to 7.26 per dollar by the end of September, according to Allan von Mehren, a strategist at Danske Bank A/S, the yuan’s most accurate forecaster as ranked by Bloomberg. That implies a 5 percent drop from current levels, and is more pessimistic than the median estimate of 7.13 in a separate survey. “I am more bearish on the economy to slow down than the market, and I think ...

Read More »

Hard Brexit fears hit pound ahead of May speech

Britain’s pound fell on Monday as concern rose that the country is heading for a “hard” Brexit from the European Union and its single market, a day before a speech by Prime Minister Theresa May on the government’s plans. Some British newspapers have billed May’s speech on Tuesday as a shift away from preferential EU single market access – in order to win restrictions on immigration – and a toughening of the UK’s stance towards an economic bloc that accounts for roughly half its exports and imports. A spokeswoman for ...

Read More »

Sterling Options Signal More Turmoil as May Speech, Ruling Loom

A measure of anticipated swings for the pound climbed to the highest in three months before U.K. Prime Minister Theresa May’s speech on Brexit plans Tuesday and a court ruling this month on whether the British leader or Parliament carries the power to invoke the exit. The pound slid below $1.20 for the first time since October’s flash crash after the Sunday Times reported May will prepare to withdraw from tariff-free trade with the European Union in return for freedom to curb immigration and strike commercial deals with other countries. ...

Read More »

Pound sharply lower, yen higher amid ‘hard Brexit’ fears

The yen remained stronger against its rival currencies in Asian trade on Monday, as lingering concerns about Brexit bruised sentiment and prompted investors to buy the safety of the Japanese currency. Investors’ worries about a hard Brexit scenario have hit the U.K. pound hard, ahead of a key speech by U.K Prime Minister Theresa May. Having nose-dived as much as 1.6% against the dollar, the pound trimmed its earlier losses later in the Asian trade. The pound GBPUSD, -1.1820%  was changing hands at $1.2037 midday, down 1.1%. The euro GBPEUR, ...

Read More »

China should halt yuan intervention, preserve reserves: ex-PBOC adviser

China’s central bank should set a “bottom line” of 25 percent for the yuan to depreciate, stop intervening to help preserve foreign exchange reserves, Yu Yongding, a former central bank adviser, was quoted as saying by financial magazine Caixin. Yu, an influential economist at a top government think tank, the Chinese Academy of Social Sciences, has been an advocate of a freer float for the yuan, which the central bank currently allows to a fluctuate 2 percent either side of a midpoint it sets before markets open each day. “It ...

Read More »

Dollar set for worst week since Nov. on U.S. policy uncertainty

The U.S. dollar edged lower on Friday, putting in on track for its worst week since early November against a basket of currencies as traders grew uneasy about the scarcity of new information regarding U.S. President-elect Donald Trump’s economic policies. The dollar index, which measures the greenback against a basket of six major currencies, was last down 0.16 percent at 101.190. The minor gains combined with losses on Wednesday and Thursday to lead to a roughly 1 percent drop for the week. The index had gained earlier Friday, and the ...

Read More »

Dollar Bulls Say ‘Where’s My Stimulus’ as Trump Fixates on Trade

To the currency prognosticators on Wall Street, there’s the Donald Trump that’s great for the dollar, and then there’s the Donald Trump that’s bad for the dollar. Which one emerges as dominant is proving to be tough to figure out. Investors were quick to bet on the pro-dollar Trump almost immediately after the election, waging he’ll prioritize his more mainstream policies, such as tax cuts and fiscal spending. But if anything, he’s emphasized policies that may weigh on the greenback. Reviving the manufacturing industry and regaining the nation’s industrial prowess ...

Read More »

Sterling volatility hits highest since October

Financial market bets on swings in the value of sterling over the next week reached their most extreme since October on Friday, driven by news that Prime Minister Theresa May will lay out more of her plans for Brexit negotiations next Tuesday. One-week implied volatility – options contracts which allow traders to bet or hedge against swings in the currency over the next seven days – started climbing on Thursday afternoon after Downing Street confirmed the timing of the speech. They rose again in early trade in London on Friday, ...

Read More »

Dollar tumbles to five-week lows as Trump trade loses steam

The U.S. dollar hit its lowest level in five weeks against a basket of currencies on Thursday and was on course for its worst week since November, hit by a loss of confidence in the U.S. reflation trade a day after a news conference by U.S. President-elect Donald Trump. Speculators had driven the dollar index, which measures the greenback against a basket of six major currencies, to a one-week high Wednesday in anticipation that Trump’s first news conference since his Nov. 8 victory would give more detail on new fiscal ...

Read More »

Sterling bounces back above $1.23 as Trumpflation trade fades

Sterling bounced back on Thursday from its lowest levels – bar October’s flash crash – in 31 years, as the dollar fell across the board after President-elect Donald Trump’s first news conference failed to give details of his fiscal spending plans. Sterling climbed to a six-day high of $1.2315 <GBP=D4>, 0.9 percent higher on the day and almost 2.5 percent up from Wednesday’s low of $1.2038, hit on the back of worries that Britain will undergo a “hard” exit from the European Union, with immigration controls given priority over single ...

Read More »

The Three Worst Currencies of 2017 Show That Politics, Not Economics, Are Driving Markets

Forget about current-account deficits, purchasing-power parity, and government debt. The new year’s currency action suggests politics is trumping economics in the world’s foreign-exchange markets, according to Societe Generale Global Strategist Kit Juckes. Consider the three worst-performing currencies in the first ten days of the year, he said in a note on Wednesday. These laggards “all face significant political headwinds: terror attacks and government interference in monetary policy in Turkey, Brexit-dithering in the U.K., and fears of U.S. protectionism in Mexico,” he writes. “The takeaway, two weeks into the year, is ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping