The Turkish Lira was the worst performing currency early Monday after the U.S. and Turkey announced the suspension of visa services for citizens looking to visit each country.
The Euro came under pressure early Monday, falling more than 0.4% against the USD after preliminary results from the weekend’s Catalonia referendum showed that 90% of Catalans are in favor of independence.
Concerned about the global economy? Don’t be, says Dr. Copper. Despite the recent slowdown in the U.S. economy and equity markets becoming a little wobbly, copper prices have been surging higher over the past three months following a lengthy 6-month consolidation.
After stocks and the dollar surged on Tuesday, following a Politico report that Trump’s team have taken a significant step on tax reforms, the President’s threats on Tuesday night to shut down the government and terminate the NAFTA agreement, were not well received by investors, who responded by dragging both equities and the dollar lower.
July has certainly been a painful trading month for the Greenback, with today’s second quarter economic growth figures from the US offering little support to the beleaguered currency.
Comments on the NFP figures.
The Fed's expected plans for rate increases may be too fast for an economy that has shown recent signs of weakness, St. Louis Federal Reserve President James Bullard said on Friday, sketching out the case for a continued go-slow approach.
Comments on the Pound in light of the UK general election and Brexit negotiations.
The USD appears to have been provided with a temporary boost following the news that the United States added another 211,000 jobs to its economy.
Comments on the Dollar, the euro and WTI crude.