The Currency Scene:
News, Events, and Stories about currency from around the world.

The Dow Jones[1], gold[2] and the US Dollar[3] traded within their recent ranges last week as crude oil[4] suffered a significant retracement on Friday as supply concerns worked to pressure the commodity lower.

Canadian Dollar Outlook Bearish on BOC, Jobs Data, Trade War[5]

The Canadian Dollar[6] may face selling pressure if the BOC outlook strikes a more cautious note ahead of a cascade of key jobs data as US-China trade tensions escalate.

Euro Rate Outlook Hinges on CPI, Lagarde Testimony[7]

Fresh developments coming out of the Euro[8] area may curb the recent depreciation in EUR/USD[9] as the ECB tames speculation for additional monetary support.

Australian Dollar Could Struggle With RBA Rate Call, GDP Figures[10]

The Australian Dollar[11] is as in thrall to US-China trade headlines as any asset, but the coming week offers the prospect of much domestic distraction.

Sterling (GBP) Price Outlook Dependent on UK Election Opinion Polls[12]

British Pound[13] trading will be dominated this week by opinion polls ahead of the UK General Election on December 12 but a break of GBP’s recent narrow ranges may not come until after the election result.

Dow Jones and FTSE 100 Forecast for the Week Ahead[14]

A strong month for the Dow Jones, which hovers around record high territory, while the FTSE 100[15] remains capped at familiar resistance

US Dollar May Rise as US-China Trade Deal, Key Data Fall Flat[16]

The US Dollar may benefit from haven demand as key economic data falls short of expectations while any “phase 1” US-China trade deal disappoints.

Crude Oil Price Analysis: Supportive Trend Breached; Break or Fake?

Read more from our friends at Daily FX

The Logo Story

currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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