** YoY = Year over Year ** MoM = Month over Month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
USD The US Dollar was mixed on Monday after a rocky start and week filled with declines. The row over the US’s implementation of special tariffs on Chinese made automobile tires played little into the trading day as investors continued to take on more risk. The dollar index, the dollar against a basket of six currencies, was last little changed at 76.605 after initially rising for the first time in seven sessions. At 10:30PM GMT, the Dollar was down .36% to the Euro to 1.462, up .47% against the Pound Sterling to 1.6578, up .19% to the Japanese Yen to 90.88, up .7% to the Canadian Dollar to 1.084, up .3% to the Australian Dollar to .8606, down .35% to the Swiss Franc to 1.0345 and up 1% against the New Zealand Dollar to .6999. EUR The Euro had an overall good day after beginning Monday’s session with heavy losses. Absent of any clear news as to why there was a shift in investor sentiment, there is speculation that it occurred at the expense of the British Pound Sterling. Moody’s, one of the major rating institutions, said that the outlook for British banks was still negative and will likely remain so for the next year and a half. The Euro began to spike around the same time that news of Moody’s report came out. At 10:40PM GMT, the Euro was up .5% against the Japanese Yen to 132.83, up .9% to the Sterling to .8815, up 1% to the Canadian Dollar to 1.5884, up .6% to the Australian Dollar to 1.6969 and up .01% to the Swiss Franc to 1.5129. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk warning Finexo Ltd. shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by Finexo that clients will profit from the strategies herein or that losses in connection therewith can or will be limited. Trades in accordance with the recommendations in an analysis especially leveraged investments such as foreign exchange trading and investment in derivatives can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the analysis do not occur as anticipated . |
