London Morning FX Commentary April 18

British Pound (GBP) After Monday’s very good day, the British Pound went from hero to zero on Tuesday, finishing equal bottom of the table with the New Zealand Dollar. The GBP/USD pair opened at 1.4335 then raced up to a high of 1.4375; not only higher than the...

Sydney Morning FX Commentary April 18

Australian Dollar (AUD) After its choppy start to the week, the Australian Dollar is still struggling to gain traction in either direction, doubtless frustrating many intra-day traders. It closed little changed at USD0.7775 on Monday evening and on Tuesday it was down...

New York Morning FX Commentary April 17

United States Dollar (USD) The US stock market had another good day on Monday with the DJIA up over 200 points and the S&P 500 index more than 20 points higher as worries over a possible escalation of the Syrian missile crisis seemed to quickly fade. The Tuesday...

London Morning FX Commentary April 17

British Pound (GBP) The British Pound had a very good day on Monday, rising against all the major currencies we follow here. Its’ gains ranged from 0.2% against the EUR to 0.4% against the AUD and 0.6% versus the US Dollar. GBP/USD came out of the blocks pretty...

Sydney Morning FX Commentary April 17

Australian Dollar (AUD) The Australian Dollar has been unsure quite what to focus on: the rally in US equity markets and the consequent drop in the VIX index of volatility, an unchanged gold price or the prospect of another unexciting set of RBA Minutes to come later...