Market News

Sterling slipped half a percent against the euro on Monday, with the single currency rallying broadly as worries over North Korea drove a move away from riskier assets, and as domestic political uncertainty kept the battered pound under pressure.

South Korea said on Monday it was talking to the United States about deploying aircraft carriers and strategic bombers to the Korean peninsula after signs North Korea might launch more missiles in the wake of its sixth and largest nuclear test.

G’day mates! The Aussie is in for an eventful week with FIVE major events that could kick volatility up a notch.

Risk aversion was the name of the game during the Asian session, as traders price in North Korea’s nuclear tests over the weekend.

South Korea’s military carried out a missile drill on Monday in response to North Korea’s sixth nuclear test, while global markets reacted to the sharp escalation in tensions between Pyongyang and the United States.

Gold prices hit their highest in nearly 10 months early on Monday after North Korea’s latest and most powerful nuclear test drove investors towards safe-haven assets.

The yen gained against the dollar and other currencies in early Asian trade on Monday, as investors trimmed their exposure to higher-risk assets after North Korea conducted its most powerful nuclear test.

The Japanese yen, gold and sovereign bonds all rose early on Monday as North Korea’s latest nuclear test provoked the usual knee-jerk shift to safe havens.

If you wanna know how Canada’s economy is faring ahead of the BOC statement, then make sure to read up on today’s Economic Snapshot.

Lots of themes played out this week, but in the end, CAD reigned supreme. NZD, meanwhile, found itself at the bottom. But what about the other currencies?

Retail U.S. gasoline prices surged to two-year highs on Friday and global shipping routes were scrambled, even as some U.S. oil refineries began restarting in the wake of Hurricane Harvey.

The U.S. dollar edged higher against a basket of major rivals on Friday after U.S. jobs data was seen as decent enough to support the possibility of another interest rate increase from the Federal Reserve this year.

Wall Street stocks rose on Friday after data showed U.S. job growth slowed more than expected in August, which could make the Federal Reserve cautious about raising interest rates again this year.

U.S. Treasury yields rose on Friday as strong manufacturing data boosted sentiment that economic growth is solid, even after the August jobs report was weaker than economists expected.

Trading conditions were relatively tight because of the upcoming NFP report. It wasn’t a total snooze fest, though, since GBP and EUR were on the move.

Gains for Europe and Asia pushed world shares back towards record highs on Friday, while the dollar crept up ahead of the monthly excitement of U.S. payrolls data.

Will volatility come back with traders who have sold in May and gone away? Here’s your post-summer trading guide!

Asia’s factories cranked up production in August as global demand remained strong, confounding expectations that growth may have peaked.

The euro’s rise above $1.20 this week has prompted talk that it is becoming a safe haven for investors, posing a problem for the European Central Bank as it plans to roll back its huge economic stimulus in the coming months.

Asian bourses started the month on a positive note, but trading was still mostly subdued ahead of the NFP report.