Markets News Regulators 

Dollar rises after Trump talks tax reform; Yellen set to meet about renomination

“The ICE U.S. Dollar Index DXY, +0.16% which gauges the buck against six other currencies, was up 0.3% at 93.325, and the WSJ Dollar Index BUXX, +0.24% which measures greenback against 16 rivals, tacked on 0.3% to 86.51” writes Markets Reporter for marketwatch.com. The greenback also tipped higher amid reports that Trump is looking to interview Janet Yellen for a potential second term as Federal Reserve chairwoman.One U.S. dollar last bought C$1.2526, compared with C$1.2467 late Friday. Source: marketwatch.com Share This:

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AUD Futures News 

Asia set for mixed trade — China, South Korea and Hong Kong markets closed

“Australia’s SPI futures traded at 5,647, which was a touch lower than the ASX 200’s previous finish at around 5,652.05” writes Toshifumi Kitamura for cnbc.com. The central bank, however, reduced India’s growth outlook for fiscal 2018 from 7.3 percent to 6.7 percent.Morgan Stanley analysts said in a note that it was unlikely the central bank would “take up any further easing measures.”.  Source: cnbc.com Share This:

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Catalonia Worries Drive Euro Down Against Stronger Dollar

“A violence-marred Catalonia vote fuelled anxiety over political risk in the euro zone, weighing on the euro” writes Min Read for reuters.com. The dollar was last up 0.57 percent against the euro at $1.1746 and up 0.12 percent against the yen at 112.61.The White House on Wednesday unveiled a long-awaited tax framework that calls for lower tax rates for businesses and individuals. That should translate to further dollar gains against the yen as the currency pair is correlated with bonds, and after the greenback posted a bullish reversal against the…

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Markets News Regulators 

Dollar softens slightly after post-Fed bounce

“Although the ICE dollar was lower, the WSJ U.S. Dollar Index BUXX, +0.23% which compares the buck against a basket of 16 currencies, edged up 0.2% to 85.77” writes Markets Reporter for marketwatch.com. The dollar was weaker against Sweden’s currency USDSEK, -0.1635% a component of the ICE dollar gauge, trading at 7.989 kronor, compared with 8.0133 kronor late Wednesday.The dollar will be in focus after an update Thursday on weekly jobless claims and the Philly Fed index for September.The ICE dollar gauge on Wednesday leapt to a two-week high after…

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Gold backs away from one-year highs as tensions over North Korea ease

“The weaker-than-expected storm and ebbing worries over North Korea helped boost global equities, with U.S. stocks trading broadly higher Monday” writes Markets Commodities Reporter for marketwatch.com. Gold for December delivery GCZ7, -0.95%  fell $12.10, or 0.9%, to $1,339.10 an ounce.Gold settled at $1,351.20 an ounce on Friday, the highest since Sept. 6, 2016, for a most-active contract, according to FactSet data. Source: marketwatch.com Share This:

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Is a dollar surge on the way? Global scarcity of the greenback looms as the US prepares to turn off liquidity tap

“The US Treasury and the Federal Reserve are both poised to start draining liquidity from the financial system, threatening a bout of dollar scarcity and a potential shake-up of currency markets over coming months” writes Tom Stevenson for telegraph.co.uk. The twin-shift in policy is likely to tighten the availability of credit and send a strong impulse through Wall Street and global bourses, though whether it will be powerful enough to dampen frothy asset prices in the current exuberant mood is an open question. “As we approach the fourth quarter, dollar…

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News Regulators 

Dollar in recovery mode following dovish Fed minutes, Washington turmoil

“The ICE dollar index DXY, +0.55% which measures the greenback against six major currencies, rose 0.4% to 93.913” writes Markets Reporter for marketwatch.com. The dollar was up against the British pound GBPUSD, -0.1551%  , with sterling buying $1.2863 compared with $1.2891 late Wednesday in New York.The dollar fell Wednesday after President Donald Trump’s manufacturing council and his strategy & policy forum were disbanded .The U.S. dollar edged higher against most major rivals Thursday, recovering some ground lost as investors weighed the possibility the Federal Reserve won’t raise interest rates again…

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Dollar tumble: Trump is no longer good news for the greenback, analysts say

“And of course, we haven’t got the tax cut, infrastructure is down the road and Congress is squabbling over health care” writes Mary Turner for cnbc.com. “A lot of people came into this year expecting a big stimulus from Trumponomics, potentially a big tax cut, infrastructure,” Clarida told CNBC’s “Squawk Box” on Monday.The dollar tumbled in recent days, but analysts weren’t pointing to weaker-than-expected U.S. inflation data on Friday. Source: cnbc.com Share This:

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USD: What’s The Trade Into Comey’s Testimony Next Week? – TD

“The US dollar has been moving according to the political flow of news in the US. The Comey memo brought the greenback down and the appointment of a special counsel helped it stabilize” writes Yohay’s Google Profile for forexcrunch.com. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Source: forexcrunch.com Share This:

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Markets News 

Dollar drops as White House turmoil alarms investors

“The stunning reports — denied by the White House — deepened the political turmoil engulfing Trump’s White House and intensified concerns among investors about the president’s ability to push through his big economic plans” writes Jethro Mullen for thebostonchannel.com. But some market watchers have expressed skepticism about how much the political turbulence at the White House is affecting the dollar. Boockvar said he believes the greenback has come under pressure from shifts in the global economy and central bank policy.Some market analysts warned that Trump’s troubles — along with disappointing…

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