Summary
By almost every comparison the dollar should be rolling up its European competitor. American economic growth is far stronger and accelerating; the Federal Reserve has begun a tightening cycle while the European Central Bank is looking for novel ways to loosen its monetary policy and the spread between 2-year Treasuries and their Bund equivalents has more than doubled since mid-December. Yet the euro has been trading in the same 1.3400-13800 range since mid-September. Why? We will look at some of the reasons why the currency markets can become disconnected from fundamentals and offer some speculation on when the links might be reasserted.Latest Live Videos
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EUR/USD turns negative near 1.0760
The sudden bout of strength in the Greenback sponsored the resurgence of the selling pressure in the risk complex, dragging EUR/USD to the area of daily lows near 1.0760.
GBP/USD comes under pressure and challenges 1.2500
GBP/USD now rapidly loses momentum and gives away initial gains, returning to the 1.2500 region on the back of the strong comeback of the US Dollar.
Gold retreats from highs on stronger Dollar, yields
XAU/USD trims part of its initial advance in response to the jump in the Dollar's buying interest and the re-emergence of the upside pressure in US yields.
XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery
XRP trades around $0.5174 early on Friday, wiping out gains from earlier in the week, as Ripple announced it has joined an alliance to support digital asset recovery alongside Hedera and the Algorand Foundation.
Week ahead – US inflation numbers to shake Fed rate cut bets
Fed rate-cut speculators rest hopes on US inflation data. After dovish BoE, pound traders turn to UK job numbers. Will a strong labor market convince the RBA to hike? More Chinese data on tap amid signs of slow Q2 start.