Currencies News

Dollar Gains as Yen on the Defensive Before Trump-Abe Meeting

The dollar traded higher versus most of its Group-of-10 peers after U.S. President Donald Trump’s promise to overhaul taxes for businesses boosted risk sentiment. The yen was on the back foot ahead of a meeting between Trump and Japanese Prime Minister Shinzo Abe.

It’s 1980s All Over Again for FX Desks Looking at Trade Flow (1)

Currency traders accustomed to analyzing the Fed’s dot plot and monthly U.S. jobs figures to divine the direction of the dollar are having to learn, or in some cases re-learn, a forgotten skill: how to scrutinize trade data.

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