Forex news for NY traders on April 9, 2018. A snapshot of other markets near the end of day is showing: – Spot gold up $2.87 at $1336. The precious metal traded lower and higher with the USD and is closing higher on the weaker greenback. In the US debt market, yields are ending mixed.…
Here we go, this in the Scottish press (front page of tomorrow’s The National): What’ll it be called? ps. This is unlikely to impact today’s GBP trading, K?;-)
US dollar particularly soft against EUR and GBP The US dollar is off to a sour start this week. It’s now at the bottom of the G10 currency leaderboard alongside the Australian dollar.
No deal this week but 80% chance of a deal by May The bad news for the Canadian dollar and Mexica peso is that there will be no NAFTA deal this week. The good news is that ministers are still confident it will get done.
Mexico’s economic minister Guajardo on Televisa – there aren’t conditions right now for NAFTA deal to be reached this week – 80% chance of an agreement in principle for new NAFTA deal by first week of May USDCAD ticks back up through 1.2790.
Back on CNBC The S&P index was up about 18.9 points and the Dow was up 181. The S&P is up about 22 points and the Dow is up 204 points after the comments.
Decent demand/support around 0.8700 proving stubborn today 9 April Currently 0.8710 from earlier lows of 0.8697 and with EURUSD finding some sell interest above 1.2320 we’ve seen GBPUSD down to 1.4143 from 1.4165.
US dollar lower The US dollar was down against most of the developed currencies on Monday, though none of the price action was all that impressive, and there weren’t any moves that suggested any change in the bigger consolidation that has been 2018.
IMF looks at falling participation globally Aging of the workforce is probably the main headwind for growth, globally. The IMF released a report today noting that 34% of people are not between 20 and 64 compared to 27% in 2008. That is expected to hit 55% by 2050.
Trump on trade and Syria – If China hits our farmers because they think it hurts me, then we’ll make it up to the farmers – Trump says decision on Syria will be made very quickly, probably by the end of the day So war later today?