[TOKYO] The pound slipped early on Monday as troubles mounted for British Prime Minister May, with a report that 40 Conservative MPs are readying a leadership challenge, while Brexit talks face
Read more: Pound slips as trouble mounts for May, US dollar edges up
At 0635 AEDT on Monday, the Australian dollar was worth 76.61 US cents, down from 76.87 US cents on Friday.
Westpac’s Imre Speizer says US bond yields rose, and equities and
The USD/JPY settled at 113.513, down 0.519 or -0.46%.
AUD/USD
Despite a mostly sideways trade on
Fundamental Forecast for the US Dollar: Neutral
- US Dollar down as Senate tax cut proposal underwhelms markets
- Politics likely still in focus
Read more: US Dollar: Yellen, Key Data May Boost Politics-Driven Volatility
Talking Points:
- The DXY Index is still holding within its two-week range, between 94.29 and 95.17.
- Now that Fed funds are pricing in a 100% chance of
Read more: US Dollar to Stay Focused on Tax Reform as Key Driver
Regardless of the prevailing economic data, US dollar perspectives never leave investors indifferent. Indeed, maybe bitcoin optimists will disagree, but the dollar remains the world’s premier currency, and its performance is