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The dollar’s weakening bias has remained in play, with the DXY USD index earlier pegging a six-day low at 89.72 while EUR-USD edged out a six-day high at 1.2241, despite the 10-year Treasury yield lifting back above 1.62%. USD-JPY, meanwhile, has recouped back above 109.50, and Cable has breached January highs on route to posting […]

The dollar’s softening bias has remained in play, with the DXY USD index earlier pegging a six-day low at 89.72 while EUR-USD edged out a six-day high at 1.2241, despite the 10-year Treasury yield lifting back above 1.62%. USD-JPY, meanwhile, has recouped back above 109.50, and Cable has breached January highs on route to posting […]

The Dollar started the shortened U.S. week on a softer footing, despite firmer Treasury yields, and decent incoming data. The DXY slipped to 89.66 lows after peaking at 89.92 overnight. The USD later reversed modestly higher in late morning, early afternoon trade. Prospects of rising U.S. deficit spending as far as the eye can see […]

The dollar is moderately firmer today. The DXY USD index has printed a two-day high at 90.1, which reverses a good portion of the decline seen on Monday and yesterday. EUR-USD concurrently ebbed to a two-day low at 1.2205 while USD-JPY lifted to a two-day high at 109.78. The U.S. currency still remains at softer […]

The dollar majors have been directionally unambitious with both UK and U.S. markets out for public holidays today. The yuan saw some action, however, falling back after the PBoC fixed the currency at its highest level against the dollar since May 2017. An ex-PBoC official, in an interview with the state-backed Xinhua news agency over […]