A first-quarter rally in the Bloomberg Dollar Spot Index lost momentum in April, with currency forecasters and options traders anticipating more weakness.
Singapore banks are pressing on in their transition away from the discredited London interbank offered rate as financial centers around the world are facing deadlines to move off Libor-priced loans and securities.
The US Dollar finished strong as the Dow Jones and gold prices declined, but a dovish Fed risks undermining its progress. The British Pound could be in for a volatile week given key local risks. US…
A strong earnings season has equipped investors with fresh optimism but price action may struggle to post progress as seasonal headwinds pick up in the month of May. As a result, gains may slow.
US Dollar weakness was prevalent for most of April with the DXY Index sinking nearly -3% lower, but the Greenback rebounded sharply into month-end. Where is EUR/USD, GBP/USD, and USD/CAD headed next?
The Australian Dollar could fall given a dovish RBA after disappointing first-quarter inflation data. But, further gains in the Dow Jones could signal support for the sentiment-linked AUD.