The Dollar has continued to trade mixed, approaching the New York interbank open at near net unchanged levels versus the Euro, while trading firmer versus the Yen and lower against the Australian and New Zealand Dollars. EUR-USD settled near 1.1200 after printing 18-day high at 1.1249. The new high racks today up as the fourth […]
The Dollar index ended Tuesday’s session near unchanged from opening levels. The DXY started at 97.65, advance to 97.76, before falling back to 97.52, then settling in near 97.65. There was no incoming U.S. data to drive the FX market, and for the most part, traders appeared to just jockey for position until the next […]
The Dollar has been trading mixed amid a mixed off backdrop, which has seen the safe-haven Yen outperform and the commodity-correlating Dollar bloc currencies, along with a good many developing world currencies, underperform. China’s Yuan fell to an 11-year low below the politically sensitive 7.0 to the dollar level, which the PBoC blamed on “trade […]
The Dollar has been trading mixed amid a risk-off backdrop, which has seen the safe-haven yen outperform and the commodity-correlating Dollar bloc currencies, along with a good many developing world currencies, underperform. China’s Yuan fell to an 11-year low below the politically sensitive 7.0 to the dollar level, which the PBoC blamed on “trade protectionism,” […]
The Dollar lost ground in N.Y. trade on Monday, the move driven largely by ramped up expectations for a September Fed rate cut, following the escalation of the U.S./China trade war. China’s devaluation of the yuan, along with its cessation of purchasing U.S. agriculture products. Wall Street plunged, as did Treasury yields, which weighed further […]
The Dollar has traded mixed since President Trump’s launching of a fresh advance in his trade war with China, rising versus the underperforming Australian buck while losing ground to the outperforming Yen, and softening moderately in the case against the Euro. AUD-USD, which is now in its 11th consecutive day of decline, printed a seven-month […]
The Dollar has traded mixed since President Trump’s launched a fresh advance in his trade war with China, to which Beijing responded today by threatening countermeasures if the new tariffs are implemented. The biggest mover has been AUD-JPY, which plummeted by over 2% since Trump’s announcement yesterday in extending to levels not seen since the […]
OVERVIEW The US President surprised the business community, stock and currency markets by escalating tariffs on Chinese goods The UK Conservative Party majority is now down to one seat after pro-EU Liberal Democrat Jane Dodds defeats Chris Davies Canadian dollar down to a two-month low as oil prices continue to sink HIGHLIGHT
OVERVIEW The US President surprised the business community, stock and currency markets by escalating tariffs on Chinese goods The UK Conservative Party majority is now down to one seat after pro-EU Liberal Democrat Jane Dodds defeats Chris Davies Canadian dollar down to a two-month low as oil prices continue to sink HIGHLIGHT
The Dollar ended lower in N.Y. on Friday, rallying briefly following a decent July jobs report, later heading lower on end-of-week position squaring. Trade, factory, and confidence figures were mediocre. Yields and Wall Street headed lower again on ongoing U.S./China trade concerns. EUR-USD recovered from the two-plus year lows of 1.1027 lows seen Thursday, peaking […]
The Dollar extended post-Fed gains during the early part of the Asia session, with the narrow trade-weighted USD index gaining by a cumulative 0.9% in printing a high at 98.92, which is the highest level seen since May 1997. EUR-USD concurrently fell to a fresh 27-month low at 1.1034 while USD-JPY lifted to a two-month […]
The narrow trade-weighted USD index extended its cumulative post-FOMC gain to nearly 1% in printing a high at 98.92, which is the highest level seen since May 1997. EUR-USD concurrently extended lower, reaching a fresh 27-month low at 1.1030 during the London morning, and while USD-JPY settled to the lower 109.0s, the pair had seen […]
OVERVIEW The greenback climbed to its highest level against other major currencies since 2017 despite mixed signals from the Fed. EUR/USD tumbled by 0.35% with investors nervously watching the 1.10 handle. WTI Crude oil price loses $1 over concerns of a pending global economic slowdown.
The Dollar came under some pressure in the morning session in N.Y. on Thursday, weighed down by weaker manufacturing and construction spending data. The Greenback later fell to session lows against all major currencies following Trump’s imposition of 10% tariffs on an additional $300 bln of U.S. imports from China. The driver of the move […]
The Dollar majors have settled in narrow ranges ahead of the Fed’s policy announcement later today (14:00 ET, or 19:00 GMT), although EUR-USD managed to eke out a four-session high at 1.1162, putting in a little extra space from the 25-month low seen last week at 1.1101. AUD-USD saw some chop, rebounding to near 0.6900 […]
Narrow ranges have been prevailing into the Fed’s policy announcement later. EUR-USD settled lower, back under 1.1150, after earlier edging out a four-session high at 1.1162. The 25-month low seen last week at 1.1101 remains in scope. USD-JPY continued to ply a relatively narrow range in the mid 108.00s, while Sterling has settled above yesterday’s […]
OVERVIEW The FOMC takes the stage again in the latest episode of the Rate is Right Canada’s economy continues to grow incrementally Meanwhile, the European economy continues to retract incrementally HIGHLIGHT
The FX market was very quiet ahead of the FOMC announcement in N.Y. on Wednesday, largely maintaining well-worn ranges. The Dollar later rallied following the Fed announcement, where rates were cut by 25 basis points, as widely expected. The statement cited uncertainty in the global outlook and muted inflation as their rationale for cutting rates. […]
The Dollar majors have been plying narrow ranges in early-week, pre-risk event trading. The resumption of person-to-person dialogue between the U.S. and China this week, and the FOMC, which starts tomorrow and concludes on Wednesday, are keeping market participants sitting on their hands for now, who are taking a circumspect view on the chances for […]
The Dollar has traded mixed, seeing fresh highs against the underperforming Pound, holding steady versus the Euro while losing ground to the Yen, which firmed up after the BoJ left policy settings changed, as expected, while maintaining its existing policy bias, which disappointed some who had been looking for something a more specific. Cable printing […]
The Dollar advanced slightly through the N.Y. morning session on Tuesday, taking its cue from better U.S. personal earnings, consumption and confidence data. The Greenback eased back slightly after the London close, with position squaring interest noted ahead of Wednesday’s FOMC announcement. A 25 basis point cut is widely expected, though with the Fed likely […]
The Dollar majors have been plying narrow ranges in early-week, pre-risk event trading. The resumption of person-to-person dialogue between the U.S. and China this week, and the FOMC, which starts tomorrow and concludes on Wednesday, are keeping market participants sitting on their hands for now, who are taking a circumspect view on the chances for […]
EUR-USD settled above the 25-month low seen last week at 1.1101, which was seen before the ECB policy announcement last Thursday, with its refrain from easing having buoyed the Euro somewhat. The big focus this week is on the Fed, with the two-day FOMC gathering concluding on Wednesday. With a 25 bp easing fully baked […]
The Dollar index rallied to near two-month highs of 98.16 in N.Y. morning trade on Monday, later easing back to 98.05 into the London close. There was little in the way of incoming U.S. data, with the only item on the docket being the Dallas Fed index, which improved slightly as expected. There was no […]
The Dollar majors have become entrenched in narrow ranges after some choppy trading yesterday. The Euro has consolidated after rallying on the ECB’s refrain from cutting rates yesterday’s, though the central bank still shifted to an explicit easing bias, laying the groundwork for a comprehensive set of easing measures in September. The Dollar also found […]
The Euro has been in consolidated mode after rallying on the ECB’s refrain from cutting rates yesterday’s, though the central bank still shifted to an explicit easing bias, laying the groundwork for a comprehensive set of easing measures in September. EUR-USD, after rallying to a 1.1187 high in the wake of the ECB announcement yesterday, […]
The Dollar advanced in N.Y. trade on Friday, buoyed by a slightly better preliminary read on Q2 GDP. Word from White House adviser Kudlow, that the U.S. would not intervene to weaken the USD likely helped the unit higher. Trump has been concerned that trading partners may be manipulating their currencies to gain trade advantages. […]
The Dollar majors have settled in narrow ranges into the ECB’s policy meeting, with markets giving about 50% odds for the central bank producing a 10 bp rage cut today following yesterday’s manufacturing PMI disappointments in the Eurozone. The Euro went into a consolidation after declining sharply yesterday. EUR-USD settled in the lower-to-mid 1.1100s, holding […]