The DXY printed overnight four-plus month low of 89.65 overnight, though caught a bid through the N.Y. session, largely on the back of pre-weekend short covering. The Dollar index peaked at 90.08. Incoming data saw record highs for the May manufacturing and services ISM, which was USD supportive, though existing home sales missed expectations. Wall […]
The dollar has corrected some of the gains seen following the release of the FOMC minutes from the late April meeting, which showed that “a number” Fed members were thinking about when to taper. This pushed longer-dated Treasury yields and the dollar higher, the latter of which printed a three-day high at 90.29 by the […]
The dollar has corrected some of the gains seen following the release of the FOMC minutes from the late April meeting, which showed that “a number” Fed members thought it could be “appropriate at some point in upcoming meetings to begin discussing a plan for adjusting the pace of asset purchases.” Though we view that […]