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The Dollar slipped some in early trade, seeing the DXY bottom at 91.51 from overnight highs of 91.90. The USD later bounced some, after most major currencies hit one-week lows versus the Greenback. Incoming data saw mixed Markit PMIs, and a weaker new home sales outcome, the latter of which, took the USD to its […]

The dollar majors have been seeing narrow ranges, as have global equity markets. The consensus view remains for ongoing robust recovery for North America and Europe, and many other major global economies. The uncertainty remains over the timing and extent of monetary policy stimulus reduction. Data releases today, including the German Ifo and French business […]

The dollar majors have been seeing narrow ranges. The consensus view remains for ongoing robust recovery for North America and Europe, and many other major global economies. The uncertainty remains over the timing and extent of monetary policy stimulus reduction. Incoming data releases are, overall, collectively affirming that activity is bouncing back strongly. The German […]

The Dollar was largely rangebound in N.Y. on Tuesday, though ultimately headed slightly lower. The DXY topped at 92.13 early, later hitting a low of 89.76. Trade was light ahead of Fed Chair Powell’s testimony, though based on his published written remarks, he should not stray from his recent stance on employment and inflation. Incoming […]

The dollar sank back after rising moderately during the early part of the Asia-Pacific session. Other currencies showed some independent movement. The yen, for instance, weakened, which aided USD-JPY to a three-month high at 110.92 — 6 pips of 15-month high territory. At the same time, EUR-JPY posted a six-day high at 132.32, while the […]

The dollar sank back after rising moderately during the early part of the Asia-Pacific session. Other currencies showed some independent movement. The yen, for instance, weakened, which floated USD-JPY into 15-month high territory above 111.0, despite dollar declines versus other currencies. At the same time, EUR-JPY posted a six-day high at 132.70, while the likes […]

The dollar has consolidated at modestly softer levels after rallying strongly last week. The DXY dollar index drifted to levels around 92.20, down from Friday’s two-month high at 92.40. EUR-USD concurrently lifted to the upper 1.1880s from Friday’s two-month low at 1.1846. The yen continued to outperform, with USD-JPY pegging a one-week low at 109.71 […]