Category Archives: FX Street

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Japan FinMin Aso: G7 must not backpedal on free trade

Japanese Finance Minister Taro Aso crossed the wires following the G7 meeting in Bari, Italy, via Reuters, suggesting that the G7 must not backpedal on the free trade. Key quotes (via Reuters): Did not discuss currencies in bilateral talk with Mnuchin Told G7 that cannot be

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US: Key events for next week – Danske Bank

Analysts from Danske Bank, point out that next week looks quiet in terms of the economic calendar. Reports include the PMI index. Key Quotes:  “In the US, we have a quiet week ahead of us. On Monday, we get Empire manufacturing  PMI and Thursday brings

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GBP/USD below 1.2900, consolidates weekly losses

The pound is about to end Friday on a weak note, losing ground across the board. GBP/USD is marginally lower for the day and down on a weekly basis for the first time after rising during the previous four weeks.  Cable bottomed on Friday at

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What has changed in EM – BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers, shares his views on the emerging markets: “Moon Jae-in was elected president of South Korea.  We think the biggest potential change coming from the election is in North-South (and as a result, US-South Korea and

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USD/CHF finds support near 200-DMA, corrects above parity

The USD/CHF pair lost more than 80 pips on Friday and dropped below the parity level as the greenback erased most of its weekly gains following the weak macro data from the United States and the dovish statements from the FOMC members. After refreshing its