Syria — News Archive

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Yen Climbs After USA Attacks Syrian Military Base

The Japanese yen climbed today as US President Donald Trump authorized military strike on the Syrian airbase.

Geopolitical Issues Give Yen a Boost Against the Dollar

Yen is trading mostly higher today, strengthening against the greenback as geopolitical issues take center stage. With a national holiday closing markets in Japan, there is little that can be done other than look at the wider geopolitical goings-on — and that is providing the yen with a little bit of a boost.

Week Ahead of Fed Meeting: Dollar Soft

This trading week was not good for the US dollar even as traders continued to speculate about possible quantitative easing tampering at the next week’s Federal Reserve policy meeting. The currency ended the week mostly lower against other majors.

Safe Haven Demand Helps Japanese Yen

Japanese yen is gaining ground today as risk aversion makes an appearance and low beta currencies are sought for their safe haven qualities. With concerns over the possibilities in Syria, and with equity losses, Forex traders are turning to safety.

Fears of War in Syria No Longer Support Dollar

The US dollar was soft today as possibility of a peaceful resolution of the situation in Syria made Forex traders less interested in the currency as a protection against geopolitical risks.

Economic Outlook Helps the Loonie Against the Greenback

The Canadian dollar is getting some help against the US dollar today, thanks to the economic outlook, as well as a bit of risk appetite as tension in the Middle East ease a little bit. With expectations that the Canadian economy will be able to hold its own, the loonie is getting a little help.

Euro Mostly Rangebound Today as Traders Wait for FOMC

Euro is mostly rangebound today, with a slight propensity toward weakness against currencies that aren’t the US dollar. There is a lot happening right now, and many traders seem ready to wait until next week, and the next FOMC announcement.

US Dollar Weakens, But Not as Much as Expected

Markets are clearly risk on today, but the US dollar isn’t weakening quite as much as expected. While the dollar is slightly lower against some of its major counterparts, the performance isn’t enough to sink the dollar index yet. Even with the risk appetite, there is still some dollar strength.

Yen Drops on BoJ Minutes & Easing Concerns for Syria

The Japanese yen fell today after the Bank of Japan released the minutes of its August policy meeting and as tensions about the situation in Syria eased, reducing demand for safe assets.

Indonesian Rupiah Drops While Oil Prices Rise

The Indonesian rupiah was soft today as rising oil prices made investors worried that the nation’s trade balance deficit may worsen. Such worries were obviously negative for attractiveness of Indonesian assets.

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