As the Fed, the USD and the rest of the market are sitting tight in anticipation of today’s Non-Farm Payroll…
The US dollar managed to hold its near highs today after trade war concerns prevailed, encouraging investors to lean towards the greenback.
We now offer safe and convenient funding of USD accounts by bank wire, through Coutts, a world-renowned prestigious bank.
Concerns over the economic decline from the ongoing US-China dispute in addition to a looming ‘no-deal’ Brexit, which will most likely happen, resulted in less ‘risky’ trade decisions for investors.
Overnight, China’s yuan sunk to a new 11 and a half-year low, reaching its worst month on record, following fears that the economy is suffering from an intensifying US-China trade war.
View trading hours for the upcoming holiday schedule.
In early trading in Europe today, the dollar climbed higher amid a generally steady and quiet market as the focus now shifts to Fed Chair Jerome Powell’s speech.
The euro climbed slightly after data released from the eurozone private sector data boosted hopes that a recession could be avoided in the bloc’s economy.
In early trading today, the dollar held strong against the euro, which hovered around a two-week low, as slightly higher…
Recent turmoil surrounding U.S.-China trade relations, Eurozone instability regarding Brexit and currency crises in South America have put a spotlight on foreign exchange markets and currency politics.