The Dollar peaked early in the N.Y. session on Friday, reacting positively to the slightly warmer U.S. PPI outcome. From there, the USD turned modestly lower, taking the DXY from 97.08 to 96.84. Wall Street moved higher again, with major indices printing all-time highs. EUR-USD bottomed at 1.1238, later bouncing to 1.1268. USD-JPY fell from […]
The USD posted fresh lows during the pre-Europe session in Asia as markets continued to readjust Fed easing expectations in the wake of Chairman Powell’s testimony yesterday, which was consistent with a 25 bp rate cut at the end of this month with an addendum stipulating that the Fed has the tools needed and could […]
The Dollar posted fresh lows against most of the main currencies as Fed Chairman Powell’s testimony yesterday, where he signalled a 25 bp rate cut with the caveat that the Fed has the tools needed and could use them “aggressively” if necessary, continued to resonate. The narrow trade-weighted USD index (DXY) extended to a six-day […]
OVERVIEW The greenback under pressure after pressure to cut rates mount The Canadian dollar strengthened on the back of strong oil prices and hawkish hold by the Bank of Canada WTI Crude oil prices increase $1.30 to trade near two-month high
The Dollar posted modest gains in N.Y. on Thursday, after being beaten lower on Wednesday by Fed chair Powell’s dovish testimony. A warmer than expected U.S. CPI outcome brought USD buyers back into the fray, taking the DXY to 97.14 highs, up from 96.80 lows at the open. Treasury yields firmed up some, while Wall […]
The USD majors mostly settled to a consolidation as market participants went into bets-off mode ahead of the Congressional testimony of Fed Chairman Powell later today. The narrow trade-weighted USD index (DXY) was showing little change heading into the London interbank open, at 97.50. EUR-USD concurrently settled in a less-than-10-pip range just above the 1.1200 […]
The USD has traded mixed into the New York interbank open and Fed Chair Powell’s Congressional testimony. The U.S. currency posted moderate losses against the EUR and GBP, while still managing to claw out new highs versus the JPY, AUD and NZD. The EUR rallied on above-forecast production data out of France and Italy, which […]
OVERVIEW The market waits for the Fed Chair to deliver his economic assessment. In the meantime, G10 currencies remain calm. USD/CAD oscillates around the 1.31 handle ahead of today’s rate decision from the Bank of Canada. WTI Crude oil prices jumped 2.35% over geopolitical risks
Fed chair Powell all but confirmed a rate cut later this month, as he spoke in dovish tones in testimony to the House Financial Services Committee. Short yields dove, while Wall Street rallied, and the Dollar headed lower. The DXY fell from over 97.45, to a low of 97.06 through the morning session. EUR-USD topped […]
Moderate USD firming has been a prevalent theme, driving the narrow USD index (DXY) to a two-session high at 97.43, which is just 1 pip shy of the near three-week peak that was seen on Friday. Markets are looking to Fed Chair Powell’s Monetary Policy Report on Wednesday in the wake of Friday’s strong jobs […]
The Dollar continued to grind higher. The narrow trade-weighted USD index (DXY) printed a three-week high at 97.59 while EUR-USD pegged a fresh three-week low at 1.1193 and USD-JPY rallied to a five-week high at 108.96. USD-CAD has gained for a second day, this time posting a two-session high at 1.3134. This recovers most of […]
OVERVIEW The greenback is trading firmer, up by 0.15% against other major currencies. The British pound slid to its lowest level since January on growing Brexit uncertainty. Gold oscillates around $1,400 as the market waits for Fed Chair Powell’s assessment.
The Dollar was relatively steady through the N.Y. session on Tuesday, with traders mostly on Powell patrol ahead of the Fed chair’s congressional testimony on Wednesday. There was nothing in the way of market moving data, and focus remained on position adjustment activity. The DXY ranged between 97.59 and 97.46 through the day. EUR-USD managed […]
The Dollar has been traded firmer into the London interbank open, edging out a three day high against the Yen and making moderate advancements against the Euro, Canadian dollar and other currencies. USD-JPY’s high is 109.73, we retraces about a third of the safe-haven driven declines the pair saw in the early part of the […]
The Dollar has consolidated gains seen following Friday’s post-jobs report moderation in Fed easing expectations. EUR-USD has posted a narrow range around 1.1220-30 so far, while Cable, AUD-USD and other pairings saw a similar price action. The Yen unwound gains seen during the Tokyo session as stock markets across Asia came under pressure. USD-JPY lifted […]
OVERVIEW The Dollar Index stays near three-week high after better-than-expected job numbers. The Canadian loonie consolidates near an eight-month high ahead of Bank of Canada meetings. The Euro continues to slide lower, concerns over economic contraction gathers pace
The Dollar firmed up some in N.Y. trade on Monday, though the DXY remained below Friday’s near three-week top, peaking at 97.42. There was no data to drive the market, though following the much better June jobs report, Dollar dip-buying remained in vogue, as traders priced out aggressive Fed rate cut moves. EUR-USD matched Friday’s […]
The Dollar has been traded firmer into the London interbank open, edging out a three day high against the Yen and making moderate advancements against the Euro, Canadian dollar and other currencies. USD-JPY’s high is 109.73, we retraces about a third of the safe-haven driven declines the pair saw in the early part of the […]
The Dollar took a rotation high during the Asian and European AM sessions. EUR-USD printed a 15-day low at 1.1255, retracing nearly 75% of the gains since the Fed’s policy statement in mid June. While the Fed remains on course to cut rates on July 31, forex markets have been adjusting to competing dovish turns […]
The Dollar rallied broadly in N.Y. trade on Friday, supported by a stronger June U.S. jobs report, which had the result of tamping down expectations for aggressive Fed easing. The USD was up against all major currencies through the session, taking the DXY to near three-week highs of 97.44, up from 96.90 at the open. […]
The Dollar majors have maintained narrow ranges so far today, with the U.S. currency lifting out of brief declines during the Asia session. EUR-USD dipped back to the 1.1280 area after earlier pressing to a 1.1295 high, leaving yesterday’s peak at 1.1311 unchallenged. USD-JPY remained within the range seen yesterday, still buoyant but bereft of […]
The Dollar majors have been directionally uneventful with U.S. markets closed today and participants hunkering down ahead of tomorrow’s U.S. jobs report. EUR-USD down shifted back to the 1.1280 area after pressing to a 1.1295 high during the pre-London session in Asia, leaving yesterday’s peak at 1.1311 unchallenged. USD-JPY remained within the range seen yesterday, […]
The Dollar has traded mixed while the Yen has traded firmer versus the other main currencies, which has come amid a backdrop of drooping stock markets in Asia (event though the S&P posted a fresh record closing level) as optimism about the U.S.-China trade war truce faded. For one, the U.S. Trade Representative’s office announced […]
The Dollar has been trading steady-to-softer against the other main currencies, arriving at the New York interbank open near net unchanged against the Euro, with the common currency managing to recoup from intraday losses, modestly lower versus the Yen and Australian Dollar, and firmer in the case against the Pound, which has remained heavy following […]
OVERVIEW The Dollar Index is flat in thin market trading ahead of the July 4th holiday The British pound suffers from selling pressure on the back of soft PMI and a dovish BoE Oil prices gain 1.30% and is extending support to commodity-linked currencies
The Dollar index slipped in N.Y. morning trade on Wednesday, though later perked up again into the July 4th holiday. The DXY slipped to 96.60, later rallying back to 96.82 highs. The USD has held the bulk of gains seen at the start of the week, as Fed easing sentiment has come off the boil […]
The Dollar has traded mixed, posting fresh highs versus the Euro and the Pound, but mostly holding narrow ranges during pre-Europe trading in Asia, holding onto gains following the adjustment in Fed easing expectations. EUR-USD edged out a two-week low at 1.1275, and Cable also saw a two-week nadir, at 1.2626. USD-CAD ebbed into the […]
The Dollar gave back some of the gains seen yesterday, concomitantly with a correction in global stock markets as participants took a more circumspect view of the weekend’s declaration of a truce between the U.S. and China. EUR-USD climbed back above 1.1300, driven by about two parts Dollar weakness and about one part Euro outperformance, […]