Market News

Not much on the calendar, so traders apparently took directional cues from the risk-on vibes since the higher-yielding AUD & NZD outperformed while the safe-haven CHF took hits. JPY was resilient, though.

Southern Europe led a fall in bond yields across the euro area on Monday thanks to strength in the euro and reduced political uncertainty in the region after Germany moved a step closer to resolving the country’s political impasse.

Oil prices slipped on Monday, with U.S. crude easing from two-year highs on prospects for increased output.

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Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble.

Risk aversion was the name of the game during the Asian session, as a lack of reports turned investors’ attention to the Asian bourses’ weak performances.

USD weakness was the major theme this past week. But can you guess which currency came out on top? Also, what drove the Greenback lower in the first place? And how did the other currencies fare? Time to find out!

Bank of Japan board member Hitoshi Suzuki said there is room to debate a fine-tuning of the central bank’s yield curve control (YCC) policy, the Mainichi paper reported, signaling the chance it may raise interest rates before inflation hits its target.

The dollar fell to a five-week low against a basket of currencies on Friday as investors grew optimistic about the strength of the euro zone’s recovery and lost appetite for the greenback.

EUR and GBP battled for supremacy during the session, with EUR edging out a victory in the end. Meanwhile, the risk-on vibes meant that JPY and CHF were in a race to the bottom. The two managed to outclass USD, though.

Sterling edged higher on Friday and is poised to post gains for a third consecutive week as markets interpreted latest comments from top EU policymakers as mildly positive for Brexit negotiations though gains were capped.

The euro hit a six-week high against the dollar on Friday, with investors optimistic about the strength of the euro zone’s recovery after strong economic data this week.

European shares held steady on Friday, underpinned by gains among heavyweight consumer goods firms as the pan-European STOXX 600 index was set to snap a two-week losing streak.

World stocks hovered below record highs on Friday, set to reverse two straight weeks of losses while the euro hit its highest levels in six weeks following stronger than expected economic data this week.

Retailers across Europe chased shoppers on “Black Friday” in a test of consumer confidence, particularly in Britain where the spending spree imported from the U.S. has become most popular.

Russia held its position as China’s top crude oil supplier for the eighth month in a row in October, customs data showed on Friday.

U.S. crude oil rose to a two-year high on Friday, as the shutdown of a major crude pipeline from Canada to the United States tightened North American markets.

A lack of reports inspired tight ranges for most currencies, although the dollar strengthened a bit while the yen weakened despite a strong PMI report.

Asian shares hovered below their 10-year peak on Friday while mainland Chinese shares dropped to three-month lows after big falls the previous day on concerns about fresh government steps to curb financial risks and an ongoing rout in the Chinese bond market.

It was a pretty quiet New York trading session as most market participants were busy prepping for Thanksgiving festivities. That didn’t stop the Loonie and the pound for making a few moves, though.