Euro is trading around $1.1200. The euro is ignoring a fall of 1.5% in German industrial production, worse than expected. The US-Sino trade war is pushing U.S. yields lower, weighing on the dollar.
German industrial output has dropped by 1.5% in June and 5.2% year on year – significantly worse than expected. The euro zone's locomotive is showing another sign of derailment just one day after factory orders beat expectations. The fresh data has been weighing on the common currency.
The single currency was previously supported by another intensification in the US-Sino trade war. Beijing has fixed the yuan at a lower value – with USD/CNY just below 7.00 – keeping up the tensions in the trade wars. While China is wary of a rapid fall in the exchange rate – a move that could trigger massive capital outflows – it seems keen to retaliate against the upcoming US tariffs.
09 Dec 2019 04:02 PM
Indian shares ended higher on Monday, as gains in auto and metal stocks offset losses in information technology and consumer sectors. The NSE Nifty 50 index ended 0.13% higher at 11,936.95 and the S&P BSE Sensex closed up 0.1% at 40,487.43.
09 Dec 2019 02:56 PM
European stocks fell on Monday as worries about a Chinese economic slowdown and the U.S.-China trade war outweighed Friday's strong U.S. jobs data, in a quiet start to trading before several big events later in the week. The Federal Reserve meets on
09 Dec 2019 02:10 PM
Sterling hit a seven-month high against the dollar and a 2-1/2 year peak versus the euro on Monday after fresh polls showed British Prime Minister Boris Johnson's Conservative Party has extended its lead in opinion polls before Thursday's election. T
09 Dec 2019 11:53 AM
Indian shares inched higher on Monday as broader Asian equities rose on optimism from the strong U.S. data, although gains were capped by concerns about China's economic slowdown. The NSE Nifty 50 index rose 0.1% to 11,37.65 and the S&P BSE Sensex ed
09 Dec 2019 11:25 AM
China's yuan held familiar ranges on Monday morning, as investor caution about developments in the Sino-U.S. trade dispute and other global risks kept market volumes thin. A slew of events this week, including the Dec. 15 deadline for U.S. tariffs on
09 Dec 2019 11:04 AM
Investors await U.S. Fed meeting starting on Tuesday, China's November imports rose, SPDR Gold holdings fell 0.3% on Friday; lowest since Sept. Gold was steady on Monday as investors await cues from the U.S. Federal Reserve on interest rates later th