Fx Primus Rebates

Dollar catches a slight bid across the board

EUR/USD moves below 1.1400 ForexLive The dollar moves to session highs on the day and is trading higher across the board with a slight bid noted as we approach European mid-day soon. EUR/USD falls to a session low of 1.1395 while the dollar is trading to session highs against the yen, swissie, loonie, aussie, and…

Fx Primus Rebates

Eurozone June construction output +0.2% vs +0.3% m/m prior

Latest data released by Eurostat – 20 August 2018 – +0.3% – Construction output +2.6% y/y – Prior +1.8%; revised to +2.0% ForexLive A slightly slower month in terms of factory activity in June but the yearly estimate jumped higher with a positive revision to boot. Nonetheless, a lagging and minor data point as these…

Fx Primus Rebates

SocGen says USD/TRY is heading towards 8.00

Societe Generale analyst, Phoenix Kalen, forecasts lira to weaken to 8.00 against the dollar in a note to clients ForexLive Kalen argues that by reaching the 8.00 threshold it will “compel Turkey to compromise on some of its strategic objectives” and forecasts that the Turkish central bank will no longer hike rates before its 13…