The dollar was up on Wednesday morning in Asia after U.S. markets saw a second rout in tech stocks in less than a week, giving the dollar a boost. “U.S. equity futures will likely be a guide to currencies today. The more equity futures fall, the larger the strength in the dollar and the yen,” [...]
Japan’s economy shrank slightly more than initially thought in the April-June quarter, official data released Tuesday showed, deepening a contraction that was already the worst in the nation’s modern history. The world’s third-largest economy shrank 7.9% in the second quarter of this year from the previous quarter, more than the initial 7.8% in the preliminary [...]
Britain has set a deadline of Oct. 15 to strike a free-trade deal with the European Union, and if none is agreed both sides should "accept that and move on," UK Prime Minister Boris Johnson will say on Monday. Britain left the EU on Jan. 31 but there has been little progress on a new [...]
Fundamental view: The USD/JPY has rallied significantly during the course of the week, reaching towards the 106.50 level. Japan Unemployment Rate, Final Manufacturing PMI on 1st Sept and Trade Balance on 3rd Sept favored uptrend for the pair whereas US ISM Manufacturing PMI, Wards Total Vehicle Sales monthly report on 2nd Sept and US Factory Orders quarterly [...]
