Zurich Prime

Welcome to the Official Zurich Prime Twitter Account where you can find updates, news, events and market reports.

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The pound plunged against both the euro and the dollar on Thursday after British Brexit minister Raab resigned in protest at Prime Minister May's draft deal for leaving the EU.

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The dollar dipped against its peers today, while the pound slipped back below the 1.30 level ahead of a key UK cabinet meeting to debate the draft agreement on Brexit hammered out after more than a year of parlances.

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The dollar was trading near the highest levels of the year today, amid expectations for higher U.S. interest rates, while the British pound rebounded from one-and-a-half week lows despite ongoing Brexit uncertainty.

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U.S. futures soared today, as midterm elections played out as expected, with Congress split after Democrats won the House of Representatives but Republicans kept control of the Senate.

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The pound regained to 1.30 level against the dollar today among optimism that Britain will soon make a deal with the EU to enable UK financial services companies to continue to engage the European markets after Brexit.

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British pound jumped more than 1% today amid reports that the UK and the EU are close to a deal on a crucial part of Brexit, while the dollar was broadly lower, pressured by gains in the pound and the euro.

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The euro weakened today after a report that German Chancellor Merkel will not seek re-election as party chairwoman, marking the end of a 13-year era in which she has dominated European politics.

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The yuan weakened beyond 6.95 per U.S. dollar on Thursday, dropping to its weakest since Jan 2017 and breaching a level that some traders had expected authorities to defend.

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U.S. futures presented to a lower opening bell on Wednesday as investors look ahead to a swirl of economic data and corporate earnings.

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The Chinese yuan shifted on Monday among reports that U.S. is considering altering its currency test that determines which nations are manipulating their currencies.

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The dollar rallied against most major peers today, while the yen weakened as Wall Street gains reduced global urges for safe-haven assets. U.S. economic recovery is on track despite rising interest rates & global trade war anxieties.

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The U.S. dollar rose today after it was dented by weak U.S. retail sales data overnight. The dollar index (DXY) traded steady at 95.143, gaining 0.09 percent on Tuesday,

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The yen hit a one-month high and the Swiss franc rallied today as rising tensions between Saudi Arabia and the West after the monarchy warned against trying to punish it for the disappearance of a journalist critical of its regime.

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EUR/USD keeps pushing higher and is now testing daily peaks in the 1.1580 area. The pair is extending the rebound from recent lows in the 1.1430 zone seen earlier in the week amidst a persistent selling mood hitting the dollar.

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GBP trimmed back gains against the dollar on Wednesday after data showing that the British economy was flat in August but grew by 0.7% on a quarterly basis.

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U.S dollar rose up on Thursday after the Federal Open Market Committee increased the overnight funds' rate to a range of 2.00% to 2.25%.

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U.S. dollar was unchanged today as markets awaited the conclusion of latest Fed's meeting, as interest rates are likely to rise later in the day. Markets also anticipate another rate hike before year end.

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Turkey’s lira dropped again against the dollar and bank shares plunged as Treasury and Finance Minister left investors waiting for more info on plans to re-balance the economy.

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ECB's Villeroy urges deal on bank resolution backstop. The EU's bank-financed rescue fund for failing lenders was set up as a banking plan during the financial crisis but still lacks enough cash to cope with it, meaning a safety net is required.

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The U.S. dollar fringed lower against its major peers today, amid renewed concerns over an escalating trade war between economic giants U.S and China.