News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Heads Up:🇦🇺 Markit Manufacturing PMI Final (SEP) due at 23:00 GMT (15min) Expected: 55.5 Previous: 53.6
  • 🇦🇺 Ai Group Manufacturing Index (SEP) Actual: 46.7 Previous: 49.3
  • The New Zealand Dollar’s correction lower against the Japanese Yen and US Dollar may be at an end, as NZD remains constructively perched above key chart support. Get your $NZD market update from @DanielGMoss here:
  • Heads Up:🇦🇺 Ai Group Manufacturing Index (SEP) due at 22:30 GMT (15min) Previous: 49.3
  • Heads Up:🇺🇸 Fed Kaplan Speech due at 22:00 GMT (15min)
  • FDA expands U.S. safety inquiry into AstraZeneca vaccine: Reuters via BBG
  • I don't think there was even a meaningful 'hope' from the market that this was going to get through, so likely no risk retreat as part of an earnest disappointment
  • House delays stimulus bill vote to allow for more time on talks - BBG
  • SA’s official Q2 unemployment rate at 23.3%, down from 30.1% in Q1. Get your $USDZAR market update from @RichardSnowFX here:
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.50% 🇨🇦CAD: 0.49% 🇦🇺AUD: 0.47% 🇯🇵JPY: 0.21% 🇨🇭CHF: -0.15% 🇪🇺EUR: -0.19% View the performance of all markets via
US Dollar May Rise If Trump, Xi Appear to Find Common Ground

US Dollar May Rise If Trump, Xi Appear to Find Common Ground

2017-04-06 06:42:00
Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Euro may fall if ECB’s Draghi talks up scope for more stimulus
  • US Dollar to rise if Trump, Xi meeting appears to go smoothly
  • Yen rose as Aussie Dollar fell amid risk aversion in Asian trade

Scheduled commentary from ECB President Mario Draghi headlines the economic calendar in European trading hours. The start of Brexit negotiations and a looming French election make for a treacherous landscape in the near term. That may inspire Draghi to push back against concerns that the ECB is running out of buy-able assets, stressing that stimulus can be expanded if needed and punishing the Euro in the process.

Later in the day, all eyes turn to a meeting between Donald Trump and Xi Jinping, the Presidents of the US and China. Bellicose rhetoric from the White House has traders worried that a rift between the world’s top two economies. Signs that the two leaders were able to find common ground may downgrade such fears and remove a perceived barrier to continued Fed rate hikes, sending the US Dollar upward.

The Japanese Yen outperformed as stocks fell in Asian trade, boosting demand for the standby anti-risk currency. The risk-off mood also weighed on the sentiment-sensitive Australian and New Zealand Dollars. A late-day rebound in S&P 500 index futures – which slid alongside Asian bourses early in the session – eased pressure on the latter currency. The Aussie continued to suffer however, stung by soft Chinese PMI data.

Have a question about trading the financial markets? Join a Q&A webinar and ask it live!

Asia Session

US Dollar May Rise If Trump, Xi Appear to Find Common Ground

European Session

US Dollar May Rise If Trump, Xi Appear to Find Common Ground

** All times listed in GMT. See the full DailyFX economic calendar here.

--- Written by Ilya Spivak, Currency Strategist for

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.