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Dollar fights back as European stocks open higher-check out the USD/JPY now
The European stock markets have just reopened and it has been a record opening for the DAX, but that was hardly a surprise. The FTSE 100 has kicked off above 7,800 too. Meantime, the dollar is fighting back in European trading. The rebound is clearly being led by the USD/JPY and that is taking the froth off the EUR/USD and to a lesser degree off the GBP/USD too. The USD/JPY is just now rising back above 151.25 and the reason for that seems to stem from the latest reports suggesting the BOJ will not move rates much beyond 0.25% until 2025. Perhaps also the dollar got rather unfairly treated last night, but that remains a matter of opinion.
Market News
All News-
BOE boss continues to add caution over UK inflation- EUR/GBP on course for a negative daily close
Following the Bank of England decision to leave interest rates unchanged at 4.5%, the BOE governor, Andrew Bailey has been speaking this afternoon... -
S+P 500 back above 5,700 this afternoon
At one point earlier today when the S+P 500 futures were pricing an opening close to 5,625, it seemed unlikely they might push back above 5,700 this... -
US stocks kick off in the red but opening losses pared- check out the Nasdaq 100 now
The US stock markets have not long ago opened for live trading and it has been an across the board lower start to the new trading session. The dollar...
