The Dollar firmed up in morning trade, pulled back some, then turned modestly higher at mid-session. Moves were modest, leaving the DXY inside a 90.09 to 89.92 trading range. Incoming data were mixed, seeing a miss in durable orders and pending home sales, while revised GDP was unchanged from the preliminary release, a but light […]
The New Zealand dollar bolted higher on the back of projections in the RBNZ’s monetary policy statement showing a possible hike in the OCR (overnight cash rate) in the second half of 2022. The antipodean currency rallied over 1% in clocking a three-month high against the U.S. dollar at 0.7316, despite the central bank leaving […]
The New Zealand dollar bolted higher on the back of projections in the RBNZ’s monetary policy statement showing a possible hike in the OCR (overnight cash rate) in the second half of 2022. The antipodean currency rallied over 1% in clocking a three-month high against the U.S. dollar at 0.7316, despite the central bank leaving […]
The DXY reclaimed the 90 handle in N.Y. on Wednesday, with short covering ahead of key U.S. data the likely driver. The USD posted gains against all its major counterparts, in anticipation of the slew of data due Thursday and Friday, including the Fed’s favored inflation indicator, the PCE deflator on Friday. Wall Street was […]
The dollar has hit a near four-month low by the measure of the narrow trade-weighted DXY USD index. The new low is 89.55, and the three-year low that was seen in the first week of January, at 89.21, is back in scope. The low in January was seen just ahead of the Georgia run-off elections […]
The dollar has hit a near four-month low by the measure of the narrow trade-weighted DXY USD index. The new low is 89.53, and the three-year low that was seen in the first week of January, at 89.21, is back in scope. The low in January was seen just ahead of the Georgia run-off elections […]
The Dollar found a modicum of support in N.Y. trade on Tuesday, though moved up from fresh four-plus month lows. The DXY bottomed at 89.54 in London morning, later rallying to 89.85 in early afternoon. Incoming U.S. data was disappointing, seeing new home sales slip more than expected, consumer confidence missing the mark, and the […]