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The dollar edged out a new high for the week by the measure of the DXY USD index and against the euro, with EUR-USD pinning a low at 1.2115 to put in a little distance from the 10-week peak that was touched yesterday at 1.2182. The dollar also posted gains versus the Australian and New […]

The dollar edged out a new high for the week by the measure of the DXY USD index and against the euro, with EUR-USD pinning a low at 1.2115 to put in a little distance from the 10-week peak that was touched yesterday at 1.2182. The dollar also posted gains versus the Australian and New […]

The DXY ran up to highs of the week at 90.65 from near 90.30 in the immediate aftermath of the hot CPI outcome, though quickly fell back to intra day lows of 90.17. Treasury yields eventually headed higher from the initial knee-jerk moves, which ultimately supported the USD overall. The Dollar index later topped at […]

The dollar has gained for a second day, which has been a rare feat over the last five weeks. This has come amid wider recognition that the disappointing headline readings of the April U.S. jobs report was down to temporary, supply-side issues — although sufficient to maintain the Fed’s prevailing commitment to ZIRP — and […]

The dollar has gained for a second day, which has been a rare feat over the last five weeks. This has come amid wider recognition that the disappointing headline readings of the April U.S. jobs report was down to temporary, supply-side issues — although sufficient to maintain the Fed’s prevailing commitment to ZIRP — and […]

The DXY dropped under the 90.00 mark for the first time since February 25, bottoming at 89.98 before bouncing slightly to 90.19 highs. The break under 90 appeared to have prompted some USD short covering, as major currencies all pulled back from their trend or near trend highs. Repositioning ahead of Wednesday’s key U.S. CPI […]