Erdogan Wins Runoff Election as USD/TRY Rises Above Psychological 20.0000 Level
President Erdogan emerges victorious in runoff as hopes for a monetary policy shift fade. Is there any hope for the Lira moving forward?
President Erdogan emerges victorious in runoff as hopes for a monetary policy shift fade. Is there any hope for the Lira moving forward?
The Euro and Pound look to capitalize on potential dollar weakness following US debt deal. Low liquidity and the hawkish repricing of Fed Rate hike probabilities provide downside risk. Has the Dollar rally run its course?
Market sentiment received a boost after a weekend deal in Washington to raise the government’s debt ceiling. Will the gains sustain for crude oil and natural gas?
The US Dollar drifted lower as debt ceiling concerns and a potentially dovish Federal Reserve undermined. The Japanese Yen managed to rally after poor data. Lower USD/JPY?
The JPY is maintaining a weak bias against the USD following the sentiment boost after the US debt deal, just as expectations of another US Fed rate hike grow. Against its peers, however, the outlook differs.
The gold price outlook appears to be tangled with the fortunes of the US Dollar as it continues to attract attention on rising Treasury yields and a possible debt ceiling resolution.