By Barbara Zigah As global investors were awaiting the U.S. Commerce Department’s release of 4th quarter GDP data, prices on U.S. stock futures were trading within tight ranges. Given the unexpected contraction in the United Kingdom’s GDP earlier today, investors appear unwilling to stick their proverbial collective neck out too far.
Tag Archives: USD
Lower Yields in the US Continue to Drive Dollar Selling
By David Becker The US dollar remains under pressure with its status as a safe haven currency undermined by a softening of US yields.Overall, the market remains risk averse but yield sensitive.The Swiss franc are likely to remain the safe currencies of choice, with the dollar remaining below ¥82.00 versus the yen and near record [...]
Strong US Home Sales Fail to Lift Dollar
By David Becker The US dollar was under pressure as expectations of a rate hike from the ECB and BoE continue to rise, leading to wider interest rate differentials, and thus offsetting the dollar’s safe haven status. Existing Home Sales in the US were better than expected, but failed to increase the attractiveness of the [...]
