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Overnight Range for Major Currency Pairs


 

"Overnight range" refers to time frame beginning 5:00pm PST of the previous day to 7:30am PST of the current day, or from 9:00pm PST on Sundays.  Economic calendar, currency rates, and headlines synthesized from various online sources including Bloomberg, Daily FX, Forex Factory, Yahoo Finance, and CNBC, accessed this morning. If you have any questions or would like to contact Bridge Bank, please email us at foreignexchange@bridgebank.com

The dollar gave back last week's gains vs.

Last week’s devaluation of the Chinese Renminbi has continued to keep the foreign exchange markets on edge this week, though the CNY seemingly has stabilized for the moment.

The Euro opened the week stronger within an overall risk-off context climbing from an opening level of 1.0975 to surpass 1.1100 despite better than expected Durable Goods Orders out of the US.

Well things have slowed down a bit in the currency markets this week with the Greek situation in a temporary dormancy.  Greek banks reopened on Monday after receiving EUR 900m in ELA last week.

Another exciting week in the foreign exchange markets comes to an end today with volatility stemming from a variety of sources including congressional testimony from US Fed Chair Janet Yellen, hawkish comments from the Bank of England, an ECB monetary policy statement, and a surprise rate cut fro

While nothing has ‘really’ changed with the Greek situation, plenty has happened since last Friday’s writing and appears to be coming ever closer to some sort of resolution.

If you happen to be growing tired of ‘Grease’ lyrical references, imagine how tired the market must be of the back and forth between the Greeks and their creditors.   Well, the Greek debt situation appears to be coming to a head this weekend and the ECB has indeed grown tired of Greek r

In a fairly uneventful week in terms of economic data, the Greek situation was at the epicenter of trading volatility.  Hopes were heightened, and then ultimately dashed, on Tuesday as Greece and its creditors failed to make up any ground in their negotiations.

The US dollar has given up roughly 3.5% against the Euro this week and, with the firming recovery in the Eurozone weighed against more disappointing economic reports out of the U.S. and fears that the American economy is stalling, this comes as no great surprise. 

More disappointing economic data out of the U.S.

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