Currencies

8 November 03:48 PM Euro hits 3-week trough; dollar advances on Sino-US trade hopes

Mubasher: The euro hit a three-week low against the dollar, as the greenback was boosted on news of a US-China agreement on tariff rollback.

Global Markets brief

6 November 03:45 PM China C.Bank sets yuan midpoint guidance at 3M peak

Mubasher: The People's Bank of China set its official yuan's midpoint reference at its highest levels in three months, Reuters reported.

Global Markets brief

28 October 02:50 PM Bitcoin firms up after China voices support for developing blockchain

Mubasher: Bitcoin on Monday clung close to one-month peak recorded over the weekend.

Currencies

14 October 03:18 PM Sterling drops on fresh Brexit uncertainty

Mubasher: Sterling fell, after the UK and European Union said a lot of work would be required to clinch a Brexit deal, according to Reuters.

Currencies

16 September 01:59 PM Oil-producer, safe-haven currencies rally on Saudi attacks; dollar declines

Mubasher: Safe-havens and currencies of oil-exporting countries climbed on Monday, after an attack on Saudi Arabia’s oil installations.

Global Markets brief

3 September 02:03 PM Sterling dives beyond $1.20 on Johnson’s election threat

Mubasher: Sterling pound hovered close its weakest level against the US dollar in more than two years on Tuesday amid speculations of snap general election.

Global Markets brief

26 August 03:41 PM Turkey’s lira slips on trade war jitters

Mubasher: The Turkish lira declined by more than 1% against the US dollar on Monday, according to Reuters.

Global Reports

26 August 02:31 PM China’s yuan hits 11-yr low as US-China trade conflict escalates

Mubasher: Chinese yuan (CNY) dropped to an 11-year bottom against the US dollar on Monday, as the trade conflict between the US and China escalated.

Global Reports

23 August 04:58 PM Sterling could gain appeal if dropped to $1.17–Report

Mubasher: The sterling pound's sudden spike led some to believe that the UK currency is close to a point where alue-seeking investors are waiting.

Global Markets brief

22 August 07:22 PM UK pound hits 3-week high on Merkel’s Brexit remarks

Mubasher: German Chancellor Angela Merkel suggested that a resolution to the Brexit stalemate could be reached within 30 days.

Global Markets brief

22 August 02:56 PM Chinese yuan hits new 11-yr low on trade fears

Mubasher: Chinese yuan (CNY) slid to a new 11-year low against the US dollar on Thursday, despite support from key state-run banks.

Global Markets brief

20 August 04:05 PM Turkish lira sinks on C.bank’s monetary stimulus, geopolitical fears

Mubasher: The Turkish lira hit its weakest level against the US dollar in nearly a month on Tuesday.

Currencies

20 August 12:53 PM World’s biggest crypto exchange to rival Facebook’s Libra

Mubasher: Binance is planning to cooperate with governments and companies to launch new digital currencies, in competition with Facebook's Libra, Bloomberg reported.

Global Reports

19 August 06:34 PM Fed’s monetary policy seen keeps dollar strong–Commerce Secretary

Mubasher: The US administration is not content with the extent the Federal Reserve's monetary policy was giving a boost to the dollar.

Currencies

16 August 02:59 PM Euro hits 2-week trough as dollar advances

Mubasher: The euro on Friday dropped against the dollar, hovering below a two-week low, Reuters reported.

Global Reports

8 August 03:24 PM China’s yuan midpoint guidance rate set past 7-per-dollar

Mubasher: China on Thursday reduced its official yuan midpoint below the psychologically important CNY 7-per-dollar level, the lowest level since the global crisis.

Global Reports

5 August 04:50 PM UK pound plunges to 23M trough on heightened Brexit fears

Mubasher: The pound remained subdued amidst mounting risks of a no-deal Brexit as well as the growing possibility of a general election after October deadline.

Global Markets brief

5 August 04:09 PM Markets brace for all-out currency war as yuan slumps

Mubasher: Asian markets are preparing for a full-blown currency war, after the Chinese yuan plunged beyond the CNY 7-per-dollar level.

Currencies

29 July 02:20 PM Sterling hits 2-yr low on mounting no-deal Brexit jitters

Mubasher: UK Prime Minister Boris Johnson stated that the government was “turbo-charging” preparations for leaving the European Union without a transition agreement on 31 October.

Currencies

25 July 05:10 PM ECB hints more monetary easing; euro hits 2-yr trough

Mubasher: The European Central Bank hinted more easing measures on Thursday, sending the euro to its two-year trough against the US dollar.

Global Reports

22 July 04:36 PM US likely to triumph in ‘cold currency war’ – Pimco

Mubasher: The US would probably win in an escalating “cold currency war,” according to Pacific Investment Management’s (Pimco) global economic advisor Joachim Fels told CNBC.

Global Markets brief

18 July 07:08 PM US Treasury rules out change to dollar policy

Mubasher: US Treasury Secretary dismissed any change in the dollar policy “as of now,” yet did not exclude the possibility of a policy shift.

Currencies

18 July 02:56 PM IMF sees US dollar overvalued by 12%

Mubasher: The US dollar was overvalued by 6% to 12%, given the short-term economic fundamentals.

Global Reports

18 July 12:10 PM IMF urges Facebook to address potential risks from Libra

Mubasher: Facebook's proposed crypto coin, Libra, raised questions regarding consumer protection, data privacy and the impact on monetary policy and other issues.

Currencies