Nicolas

Chief Client Relationships Officer
Responsible for the relationship with all our organization’s customers. I oversee the Customer Support and Customer Relationship Departments.

1. The dollar rebounded from four-week lows against the yen today as global markets regained some of their risk appetite after a sharp sell-off in stocks and the greenback over the past week. As share prices rebounded across Asia and Europe, the dollar climbed around 0.2% to 113.09 yen, up from lows of 112.47 yen on yesterday.

 

2. The Australian dollar bounced from near five-month lows as a mostly upbeat local employment report triggered a round of short-covering. The Aussie traded up 0.1% at $0.7597, almost flat on the day, having plummeted to a low of $0.7567, a bottom last seen in late June.

 

3. Sterling slipped to a four-week low against the euro on Wednesday, with inflation-lagging wages data not doing anything to challenge the view that the Bank of England will keep interest rates on hold after their first increase in a decade. But after hitting a five-day high of $1.3215, sterling quickly slipped back, giving up all its earlier gains to trade flat at $1.3175 by 1015 GMT. Against the euro, sterling slipped as much as 0.6% on the day to 90.14 pence, its weakest since Oct. 20.

 

4. The dollar trimmed losses against a basket of major currencies on Wednesday, after data showed an uptick in inflation as well as a surprise rise in retail sales last month, cementing expectations for an interest rate hike in December. The Labor Department said on Wednesday that the core Consumer Price Index rose 0.2% in October after edging up 0.1% in September. The euro was down 0.02% at $1.1794 against the greenback, after earlier rising as high as $1.186.

 

5. Prices for Bitcoin had been on the decline and moved sideways Tuesday. Today, its price breached $7,000 once again, almost three weeks after it first crossed that mark. At 09:53 GMT, the cryptocurrency was trading at $7,451, up by over 10% in the last 24-hours.

 



 

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