Dollar wavers as traders tire of ‘headline ping-pong’
The dollar wobbled on Thursday as an earlier boost from upbeat trade comments by U.S. President Donald Trump ran out of steam and investors remained on edge over China-U.S. tensions.
In a fillip to sentiment overnight, Trump said talks to resolve the damaging trade war with China were going “very well.” Bloomberg also reported that the two sides are moving closer to an agreement, citing people familiar with the talks.
However, with no official reassurance from the Chinese on Thursday, and only a day after Trump said a deal might not come until after the 2020 presidential election, the recovery promptly stalled in Asian trade.
“It’s too soon to say whether it’s a rebound or a dead-cat bounce, that’s the way I look at risk at the moment,” said Matt Simpson, a senior market analyst at Gain Capital in Singapore.
Movements in major currencies were modest. The safe-haven Japanese yen steadied at 108.84 per dollar, while the Swiss franc inched higher to 0.9879 per dollar.
The euro firmed marginally against the dollar to $1.1084, which pushed the greenback down 0.1% against a basket of currencies to 97.551.
The British pound crept back to the eight-month high hit overnight as expectations firmed that Prime Minister Boris Johnson would win a majority at next week’s election.
The focus remained on trade news, or the lack of it, with investors also looking ahead to non-farm payrolls data on Friday as a possible source of further disappointment with the state of the U.S. economy.
“I thought the markets had stopped playing headline ping- pong on trade, but evidently not,” said National Australia Bank’s head FX strategist, Ray Attrill.
“Another day, another reversal of what happened the previous day.”
Trans-Tasman divergence
Elsewhere, domestic factors moved the Antipodean currencies in opposite directions.
The Australian dollar slipped 0.2% to $0.6838 after softer-than-expected retail sales data.
The kiwi climbed by the same margin to a four-month high, after softer-than-expected banking reforms led to a reduction in rate-cut expectations.
The Reserve Bank of New Zealand lifted bank capital requirements, but not as much as some investors had feared. The long implementation time has also reduced expectations that monetary easing might be needed to offset the hike’s tightening effects.
“A softening in the proposals, combined with a more positive domestic outlook … mean we are changing our Official Cash Rate (OCR) call to only one further 25bp OCR cut, in May next year, taking the OCR to 0.75%,” ANZ analysts said in an emailed note.
The kiwi added 0.4% to $0.6555, its highest since August, and has put on more than a cent this week as business sentiment there has rebounded as well.
Against the Aussie, the kiwi has gained about 3% in a month to stand at a four-month high of NZ$1.0457 per A$1.
The Canadian dollar hit a one-month high of $1.3203 per greenback after the country’s central bank held interest rates steady and said there were signs the global economy was stabilizing.
A rise in oil prices also supported the exporter’s currency, and lifted the Norwegian krone slightly to 9.1643 per dollar.
Source: CNBC
Comments (82)
buy plaquenil online chloroquine pills quineprox
chloroquine uses
buy modafinil online how to get modafinil
modafinil reviews provigil half life
sulfamethoxazole and alcohol trimoxazole oral
hydroxychloroquine high https://plaquenilx.com/# hydroxychloroquine drugs
hydroxychlor tab 200mg https://www.pharmaceptica.com/
prednisona side effects for prednisone
What dose of co- trimoxazole is used in a patient with a UTI? bactrim 160 800 mg
prednisone medicine prednisone steroid
trimethoprim mw is bactrim a strong antibiotic
provigil half life https://modafinilpleasure.com/
chloroquine mechanism of action https://hydro-chloroquine.com/
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] There you will find 65653 additional Info to that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] Here you will find 91930 additional Info on that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] Read More here to that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] Find More Information here on that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] Find More Info here to that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] There you will find 7052 additional Information to that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] There you can find 55063 more Information to that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] There you will find 44193 more Info to that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] Here you can find 5129 additional Info on that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] Here you will find 32381 more Information to that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] Here you will find 60155 more Info to that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
… [Trackback]
[…] Read More on on that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
buy accutane 40 mg online accutane 10 mg
Exploring iPledge accutane? Visit ipledge accutane for comprehensive information.
average price of accutane pharmacy canadian accutane
Interested about iPledge accutane? Visit ipledge accutane for important information.
how much is accutane in mexico accutane 40 mg price
cheap accutane for sale accutane 10 mg
Get your accutane tablets pharmacy from accutane tablets pharmacy and experience fast shipping.
Looking for affordable accutane prescription price? Check out accutane prescription price for great deals and discounts.
Curious about the effects of 80 mg accutane daily? Learn more at 80 mg accutane daily.
accutane online accutane for sale south africa
Looking to buy Accutane in Singapore? Explore the wide selection at accutane singapore buy and transform your skin.
generic accutane costs 80 mg accutane daily
buy antivert pill
buy meclizine 25mg online
meclizine 25mg generic
antivert 25mg cheap
buy antivert online cheap
meclizine 25 mg price
antivert 25 mg tablet
antivert 25mg cost
buy generic meclizine 25mg
… [Trackback]
[…] Find More Info here on that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]
Very nice blog post. I definitely love this site. Stick with it!
Greetings! Very helpful advice in this particular article! It is the little changes which will make the most important changes. Thanks a lot for sharing!
Pretty! This has been a really wonderful post. Many thanks for providing these details.
This is my first time pay a quick visit at here and i am really happy to read everthing at one place Watch persian bbc
I really like reading through a post that can make men and women think. Also thank you for allowing me to comment!
I m going to bookmark your web site and maintain checking for brand spanking new information.
I m going to bookmark your web site and maintain checking for brand spanking new information.
I really like reading through a post that can make men and women think. Also thank you for allowing me to comment!
Greetings! Very helpful advice in this particular article! dubai world cup on tv
Metal recyclability Scrap aluminium safety procedures Aluminium recycling cost analysis
Metal reuse, Aluminum cable smelting, Scrap metal reclamation and recovery services
Ethical metal sourcing Aluminium disposal solutions Scrap aluminum exports
Metal salvage and recycling, Aluminum cable waste management, Metal reprocessing services
Scrap metal recovery and recycling center Sustainable aluminium scrap management Aluminium recycling market analysis
Metal recovery yard, Recycling aluminum wires and cables, Scrap metal regenerating facility
Metal waste reprocessing Aluminium scrap utilization Aluminum alloy scrap
Metal reclaiming operations, Melting and refining processes for aluminum cable scrap, Environmental metal disposal
Scrap metal innovation Aluminium alloys reclamation Aluminium scrap downcycling
Scrap metal investment opportunities, Aluminum cable scrap prices, Scrap metal grading standards
Metal scrap export regulations Challenges in aluminum scrap recycling Aluminum wheel scrap
Metal reclamation and recovery services, Scrap aluminum cable sorting techniques, Scrap metal processing technology
Metal reclamation and processing Ferrous material recycling conventions Iron recycling facility
Ferrous material service excellence, Iron scrap residue, Scrap metal classification
Metal recuperation services Ferrous waste elimination Iron recycling and reclaiming
Ferrous metal industry publications, Iron scrap reclamation process, Scrap metal recycling industry
Metal waste collection Ferrous material recycling regulations compliance Iron scrap sales
Ferrous material recycling outreach, Iron reclamation solutions, Metal reprocessing center
Metal waste recycling Ferrous recovery best practices Iron scrap dealer
Ferrous material handling safety, Scrap iron reuse, Scrap metal recovery and reclaiming
Scrap metal reclamation and recycling center Ferrous material milling Iron waste utilization
Ferrous material alloying, Iron recovery and recycling, Scrap metal environmental impact
Hi, i think that i saw you visited my website so i got here to go back the choose?.I am trying to in finding things to improve my website!I assume its ok to use some of your concepts!!
Francisk Skorina Gomel State University
One of the leading academic and scientific-research centers of the Belarus. There are 12 Faculties at the University, 2 scientific and research institutes. Higher education in 35 specialities of the 1st degree of education and 22 specialities.
ГГУ имени Ф.Скорины
Hey There. I found your blog the use of msn. This is an extremely smartly written article. I will be sure to bookmark it and come back to read more of your useful information. Thank you for the post. I will definitely comeback.
You’re so cool! I don’t suppose I’ve read something like this before. So good to find someone with some unique thoughts on this issue. Really.. thank you for starting this up. This website is something that’s needed on the web, someone with a little originality!
hey there and thank you for your information I’ve definitely picked up anything new from right here. I did however expertise some technical issues using this site, since I experienced to reload the web site a lot of times previous to I could get it to load properly. I had been wondering if your web hosting is OK? Not that I am complaining, but sluggish loading instances times will often affect your placement in google and can damage your high quality score if advertising and marketing with Adwords. Anyway I’m adding this RSS to my e-mail and can look out for a lot more of your respective interesting content. Make sure you update this again soon.
… [Trackback]
[…] Read More Information here to that Topic: dayfinanceltd.com/dollar-wavers-as-traders-tire-of-headline-ping-pong/ […]