February 20, 2018 Facebook  twitter  Google+
US Dollar Falls as Geopolitics, Q1 Slowdown Bets Cool Fed Outlook DailyFX
 
17-April-2017
Facebook Twitter Google+ Pinterest LinkedIn Delicious Addthis
 

The US Dollar underperformed in overnight trade as risk aversion as geopolitical jitters cooled Fed rate hike expectations. Stocks in Japan and China fell and Treasury bonds rose amid worries about escalating tensions with North Korea.

Dour economic news-flow probably compounded pressure on the greenback. An update of the Atlanta Fed’s GDPNow model following Friday’s retail sales and CPI figures showed US output may add just 0.5 percent in the first quarter, marking the weakest performance in a year.

The Yen and New Zealand Dollar proved most able to capitalize. While the two currencies are at opposite ends of the G10 FX yield spectrum, their place on its relative extremes can make them particularly sensitive to changes in rate spreads. Souring sentiment was doubly helpful for the anti-risk Japanese unit.

Looking ahead, most European bourses will remain closed in observance of Easter Monday but S&P 500 index futures are pointing decidedly lower. This suggests that the risk-off mood is likely to continue to define price action as Wall Street comes online.

A quiet economic data docket will yield the spotlight to scheduled comments from Fed Vice Chair Stanley Fischer. The beleaguered US currency may find a lifeline if he continues to advance a comparatively hawkish narrative envisioning further rate hikes and perhaps even balance sheet reduction before year-end.
 
 
More Latest News
 
Time To Buy Gold Consolidation Above The Strategic Level Of $1365 Will Open The Path To $1430 And Higher
05-February-2018 FortFs
Free Forex VPS Service
03-February-2018 FXCC
Trading Central Signals
02-February-2018 FxPro
Fulfil Your Dreams Win A Super Car
01-February-2018 Alpari
8% Fixed Income For Binary & Forex
31-January-2018 GDMFX
Cash Back Promotion
30-January-2018 FXopen
$800,000 USD Infinite Birthday Wish Gift
29-January-2018 FBS
Daily Technical Levels
28-January-2018 Orbex.com
Euro Is Correcting down
27-January-2018 IFC Market
100% Real Cash Back Rewards Bonus
25-January-2018 UFX
Upcoming Forex Seminars (Latin America)
24-January-2018 XM
Best Forex SMS-Signals (Free)
23-January-2018 UMarkets
25$ Per Referral Bonus
22-January-2018 FXTM
Trade Options With Free Signals
21-January-2018 Finmax
Receive Free MT4 Trading Signals
20-January-2018 VantageFX
Top Social Trading Investment Network
16-January-2018 eToro
Trading Central Signals
15-January-2018 FxPro
Forex Trading Bitcoin And Ethereum
14-January-2018 FXGiants
Cash Back Rebates, Extra Cash latest forex news
18-December-2017 FXPRIMUS
Social Trading Best Investment Network
18-December-2017 eToro
Predict Bitcoin, Win iPhone
16-December-2017 Migesco
Get Back $4 For Every Lot Traded
15-December-2017 FXTM
8% Fixed Income For Forex and Binary
14-December-2017 GDMFX
New Year Promotion, Win Macbook Pro
13-December-2017 LiteForex
$300 Free Credit for real Account
11-December-2017 TradePulseFX
Exclusive offer Free Bitcoin e-Book
10-December-2017 Tickmill
World Leading Social Trading Network
09-December-2017 eToro
444% Profit for Single Trade
08-December-2017 Grand Capital
Win an iPhone X Latest News
07-December-2017 HotForex
To the Moon Promo
06-December-2017 Grand Capital
Earn Easy Profits
05-December-2017 eToro
Copy Trading Program
03-December-2017 FXTM
Trading Central Signals
02-December-2017 FxPro
     
 
More News Category
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
© 2015-2017 FXInfo24.com | All Rights Reserved @disclaimer  |  Ads