Japan’s Job Conditions May Worsen Further as EUR/USD Regains 1.1800 Level

Job conditions in Japan are likely to worsen further as the economy struggles to recover from the Covid-19 pandemic, which followed a slump caused by consumption tax increase in October 2019, SMBC Nikko Securities says. Deteriorating jobs conditions aren’t fully reflected in the jobless rate as some workers are asked to cut working hours, the […]

USD/JPY Struggles for 106.00 as EUR/USD Eases Around 1.1800

Fewer Australians were reporting feeling concerned about their personal health due to Covid-19 in June compared with May, according to the Australian Bureau of Statistics. It reports that 54% in June showed concerns compared with 62% in May. Also, around 48% of Australians self-isolated in June compared with 62% in May, while only one-third of […]

GBP/USD Rally May Have Peaked, Eurozone’s Outlook & USD Weakness

Sterling’s surge to pre-Covid-19 highs against the U.S. dollar Wednesday, when GBP/USD hit 1.3268 according to FactSet, may not happen again, says ABN Amro. The Dutch bank expects GBP/USD to fall as investors switch to a greater focus on Brexit uncertainty and weaker U.K. data, combined with a less negative sentiment towards the dollar, says […]

The latest Market Talks covering President Donald Trump and U.S. politics

The U.S. dollar could find some support from August seasonality, which tends to favor the currency, while profit-taking could keep the currency from weakening further in the short term, says Bank of America. Yet a recovery is not in sight, with market positioning showing that investors are still betting the dollar will fall. The failure […]