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US Dollar Remained Weak: Global Uncertainty Justifies Slower Path of Rate

US dollar has remained weak in the Asian trading session following yesterday’s speech from Fed Chair Yellen, which signalled more caution over rate hikes in the near-term. “Given the risks to the outlook, I consider it appropriate for the committee to proceed cautiously in adjusting policy,” Yellen said. Besides, she adds: “The major thing that’s […]

Seal peligro Unemployment

US job report disappoints miserably – what’s next Yellen?

The US May Job report came out with mixed signals, but the market focused on the extremely weak NFP figure, coming out only at 38k vs. consensus at around 150k. The US Dollar index tumbled 1.6% on Friday with EURUSD down 1.9% and USDJPY 2.2%. Equities in the US closed in negative, despite the weak […]

fed-building

Risk in positive ahead of US GDP, Fed Chair Yellen

Equities were mixed and the US Dollar Index was sent lower for a second day in a row on Thursday on back of mixed signals from the US economy. Oil tested the $50/barrel, but got rejected and is currently back below $49. Fixed income yields fell across the board with emphasis on the US. Gold […]