OVERVIEW The US dollar is closing the week strongly, up 0.3% against other major currencies EUR/USD cracked below the 1.13 handle as exports contract WTI crude oil steadied at $64.50
The Dollar firmed in N.Y. trade on Thursday, taking the DXY to two-week highs of 97.48. Strong retail sales and trend low jobless claims supported the Greenback, following weaker EU PMI figures ahead of the open, which weighed on the Euro. EUR-USD touched 1.1227 lows, levels last seen on April 8. USD-JPY was supported by […]
OVERVIEW The US dollar is trading lower as risk-on sentiment returns following strong Chinese GDP numbers EUR/USD is still hugging the 1.13 handle, waiting for clear direction WTI crude oil resumes its recent rally, up by 0.2% to trade $64.50
The Greenback rose modestly during the N.Y. session on Thursday, resulting in the DXY advancing to 97.04 from 96.89 lows. The February trade deficit was narrower than expected, and provided some support to the USD. The Dollar largely ignored the Fed’s Beige book, which revealed little concerning the economic outlook, and overall remains near session […]
The Dollar has traded generally firmer, led by a sharp drop in EUR-USD following sub-forecast data out fo the Eurozone. EUR-USD broke out of its recent narrow orbit of 1.1300 and tumbled over 50 pips in printing an eight-day low low at 1.1243. The preliminary Eurozone April composite PMI dipped to 51.3, down from 51.6 […]
The Dollar majors have continued to ply narrow ranges, with EUR-USD continuing to orbit the 1.1300 level. USD-JPY has managed to grind slightly lower, matching Tuesday’s low at 111.84, though not surpassing it thus far. EUR-JPY and some other Yen crosses were also modestly lower. The price came with the MSCI Asia-Pacific (ex-Japan) equity index […]
OVERVIEW The US dollar is trading within familiar ranges against other major currencies AUD rebounds 0.5% following the release of dovish minutes from the RBA WTI crude oil oscillates around $63.50, and gold is sliding lower, cracking below the $1,300 level.
Dollar bulls took the upper hand in N.Y. trade on Tuesday, taking the DXY to highs of the week at 97.09 from opening low of 96.89. U.S. industrial production was softer than forecasts, though had little impact on the risk backdrop, as strong earnings reports lifted stocks and Treasury yields. EUR-USD peaked at 1.1310 at […]
The Dollar majors have continued without much directional bias, though the Australian and Canadian Dollars posted moderate gains while the Kiwi buck came under pressure following sub-forecast CPI data out of New Zealand. NZD-USD printed a three-month low at 0.6667 before recouping back above 0.6700, rising on the coattails of gains in the Aussie dollar […]
The Dollar has traded mixed amid a variety of cross-currents. One theme was Euro outperformance, which saw EUR-USD match, although not surpass, last Friday’s three-week high at 1.1323, while EUR-JPY printed a six-week high at 126.80 and EUR-GBP a four-week peak, at 0.8681. EUR-CHF has also continued a recovery from the eight-month low seen in […]
OVERVIEW The Dollar Index is trading flat against the major currencies GBP is the strongest currency today as the market continues to price in a breakthrough WTI crude oil steadies near $63.50, after reaching its highest level for the year.
The Dollar bounced from overnight lows, taking the DXY to 96.95 from 96.80 lows at the open. Major Dollar pairings were range bound, though overall supported by a better Empire State index, and by some save-haven USD buying on the back of largely risk-off conditions. EUR-USD dipped briefly under 1.1300, then steadied just over the […]
The main currencies have continued to see little directional bias for the most part, which has been seen against backdrop of buoyant global stock markets. The narrow trade-weighted USD index is near flat on the day so far, at 96.92, continuing a consolidation of declines seen last week. In equity markets, while the main U.S. […]
The Dollar has traded mostly firmer so far today. The biggest movement has been against the Australian Dollar, after the minutes to the early April RBA meeting showed that a rate cut had been discussed. AUD-USD dropped over 0.5% in making a two-session low at 0.7140. EUR-USD has also been a mover, with the pairing […]
The Dollar majors have been trading in narrow ranges so far against a backdrop of moderately bullish Asian equity markets and rising sovereign bond yields. EUR-USD has been narrowly orbiting the 1.1300 level, consolidating recent gains from the six-week low at 1.1183, seen on April 2.
The Dollar has been plying narrow ranges so far against a backdrop of moderately bullish equity markets, in Asia and Europe, and rising sovereign bond yields. EUR-USD has been narrowly orbiting the 1.1300 level, consolidating recent gains from the six-week low at 1.1183, seen on April 2.
OVERVIEW The greenback turns negative, trading lower against its major peers Sterling strengthen to a six-day high, as the market priced in a Brexit breakthrough WTI crude oil jumped 0.8% with $65 a barrel in sight after positive trade data releases from China.
The Dollar pulled back in N.Y. trade on Friday, weighed down by risk-on conditions, which came following improved China loan and trade data. The DXY fell to 96.75 lows from overnight highs of 97.19. Wall Street extended gains, while Treasury yields rose as well. EUR-USD rallied to near three-week highs of 1.1323, but slipped back […]
OVERVIEW The greenback is trading broadly higher against major currencies on the back strong employment pointers Sterling is showing little reaction after the EU agreed to a flexible extension of the Brexit clock WTI crude oil is unable to push above $65 per barrel and is losing momentum dragging commodity-linked currencies lower
The Dollar moved higher in N.Y. on Thursday after the hotter U.S. PPI and near 50-year low jobless claims print. The DXY rallied to 97.15 from 96.90 lows. EUR-USD dipped to 1.1250 from pre-open highs over 1.1280. USD-JPY headed to 111.63 highs from .111.10, while USD-CAD topped at 1.3395 from 1.3350 as oil prices corrected […]
A strong bid for EUR-JPY was seen at and after the Tokyo fixing today, which drove the Euro generally higher while leading to Yen underperformance. Interbank market narratives pointed Japan’s Mitsubishi UFJ Financial Group’s purchase of aviation financing business of Germany’s DZ Bank as being behind the demand. EUR-JPY rose over 0.5% in making a […]
Both the Dollar and Yen have been notably underperforming most other currencies so far today, which has come against a backdrop of reviving risk appetite following strong import data out of China. In the mix was a strong bid for EUR-JPY at the Tokyo fix today, which drove the Euro generally higher while leading to […]
OVERVIEW The greenback moves into positive territory after ECB keeps rates unchanged. Investors and the British Pound are patiently waiting for the outcome of the EU Summit WTI crude oil prices resume their ascent, eyeing $65 a barrel, up 41% since the beginning of 2019.
The Dollar bounced slightly following the FOMC minutes, which saw the majority of the committee leaving rates on hold for the remainder of 2019, but some seeing scope for a hike later this year should incoming data warrant. USD-JPY bumped up toward 111.00 from 110.85, as EUR-USD dipped to 1.1265 from 1.1275. Earlier in the […]
The forex markets have been lacking a directional theme so far today. EUR-USD has been plying a narrow range in the upper 1.1200s, holding below yesterday’s 12-day high at 1.1287. USD-JPY has settled near 111.0, above the 12-day low of yesterday, at 110.84. The Pound has settled lower after rallying late yesterday on news that […]
The Dollar majors have mostly been trading with little directional bias. USD-CAD has been an exception, trading over 0.3% higher to a three-day peak at 1.3360, in a move which concomitant with 1%-odd correction in oil prices. EUR-USD, meanwhile, has been plying a narrow range in the upper 1.1200s, matching yesterday’s 12-day high at 1.1287 […]
OVERVIEW The DXY Index is sliding lower, down 0.15% as global sentiment turns bearish on the USD GBP/USD is trading on optimistic sentiment of a Brexit breakthrough and trading higher ahead of GDP figure WTI crude oil steadies near 2019 high, after strengthening 7.5% month to date
The Dollar index fell to near two-week lows of 96.86 early in the N.Y. session on Tuesday, later recovering some ground, taking the DXY to 97.04 highs. Fresh trade fears, following Trump threats to tariff European goods brought safe-haven Dollar buying to bear, lifting the unit from its lows. EUR-USD topped over 1.1280, later falling […]