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Kirby Daley, senior strategist at the Newedge Group, and Rob Rennie, currency strategist at Westpac Bank, say the market rally can be extended by the data such as better U.S. payroll numbers next week. But they warn that investors should be cautious, speaking to CNCB’s Karen Tso and Martin Soong.
It is going to take some to time to replace the dollar as the world’s reserve currency, say Jeffrey Halley, senior manager FX trading at Saxo Capital Markets and Paul Donovan, MD & deputy head of global economics at UBS. They tell CNBC’s Martin Soong & Karen Tso why.
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The impact of the North Korean nuclear test on the won will be temporary, says Emmanuel Ng, currency economist at OCBC Bank, speaking to CNBC’s Maura Fogarty and Rebecca Meehan.
The North Korean nuclear test is a minor issue within the FX market, says John Kyriakopoulos, head of currency strategy at National Australia Bank. He tells Robert Kessler of The Kessler Companies, CNBC’s Karen Tso & Martin Soong what is foremost on investors’ minds.
The euro slipped on Monday, stung after a gauge of German corporate sentiment fell short of market expectations, suggesting that any recovery in the euro zone’ biggest economy would take more time.
The Munich-based Ifo think tank’s business climate index rose to 84.2 in May from 83.7 in April.
Despite the rise, the reading was lower than [...]
The following is a snapshot of the Hong Kong foreign exchange and money markets in late trade on Friday. Close [...]
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If the euro-yen breaks lower, then it is going to start getting harder for the dollar to continue this selloff, says Richard Yetsenga, regional FX strategist at HSBC. He tells CNBC’s Martin Soong more.
The Pound, Euro and commodity currencies continued their rallies vs the greenback as risk sentiment remained in favor of risk appetite. Data today showed UK inflation cooling, Euro-zone investor confidence surge upward, and US housing starts fall to a record low.