The dollar lifted out of lows after yesterday tracking the sharp drop in longer-dated Treasury yields. The DXY dollar index recouped a large part of yesterday’s decline in posting an intraday high at 90.22, having earlier printed a two-day low at 89.96. EUR-USD dropped back to the mid 1.2100s after earlier carving out a two-day […]
The Dollar moved broadly higher in N.Y. on Friday, taking the DXY to highs of the week at 90.61. The index opened near 90.30, and had bottomed at 89.96. Treasury yields formed up some into the weekend, with position squaring following a week of significant yields drops driving the bond market. Incoming data was light, […]
The Dollar was choppy in N.Y. on Thursday, though ultimately ended the session slightly lower overall. Treasury yields initially popped on the back of the hotter U.S. PPI and better jobless claims data, which helped the USD at first, though yields later eased back toward Wednesday’s lows, as markets continue to believe the Fed that […]
The dollar has traded softer so far today, tracking an extended decline in longer-dated U.S. Treasury yields, which has seen the 10-year T-note yield hit a fresh three-month lows under 1.440%, which is nearly 10 bp down on yesterday’s peak. The magnitude of the greenback’s declines has been limited, though enough to see two-day lows […]
Narrow ranges have been prevailing among the dollar majors as key data and events loom. Tomorrow’s ECB meeting and U.S. CPI are keenly awaited by market participants, in addition to next week’s FOMC meeting. The DXY dollar index has settled nearly the 90.0 level, and has remained within the bounds of yesterday’s ranges, as have […]
The Dollar perked up some in late morning trade, with the DXY recovering from seven-session lows of 89.84. The index had been at 90.00 at the open, and headed to highs of 90.14 after the London close. The 10-year Treasury yield recovered about 3 basis points from its one-plus month low of 1.472%, which likely […]
The currency majors have been idling into key U.S. data and the ECB meeting. Global stock markets have also been lacking direction, while most industrial commodities are moderately lower today. The dollar yesterday dropped and then recovered, tracking the direction of longer-dated Treasury yields. The 10-year T-note yield hit a three-month low near 1.470%, which […]
The currency majors have been idling into key U.S. data and the ECB policy announcement. Global stock markets have also been lacking direction, overall, while most industrial commodities are moderately lower today.The ECB may give the euro a lift, though initial impact potential will be limited ahead of the release of U.S. CPI data for […]