The Dollar has rallied across-the-board in the wake of news that the U.S. and Mexico have reached a deal on migration, which in turn has allayed investor concerns on trade. The 10-year U.S. T-note yield has spiked over 4 bp, which in turn has generated a rotation higher in the U.S. currency. The narrow trade-weighted […]
The Dollar took a rotation higher concomitantly with a 4bp-plus spike in the 10-year T-note yield following news that the U.S. and Mexico have reached a deal on migration, which allayed investor concerns on trade. The narrow trade-weighted USD index rallied by nearly 0.5% from Friday’s 12-week low in making a high earlier at 97.91. […]
OVERVIEW The greenback freed itself from the shackles of poor NFP, trading higher against G-10 currencies USD/CAD is in a consolidation mood, after tripping over key technical levels. Risk-on sentiment weighs down gold as it loses 0.85%
OVERVIEW The greenback freed itself from the shackles of poor NFP, trading higher against G-10 currencies USD/CAD is in a consolidation mood, after tripping over key technical levels. Risk-on sentiment weighs down gold as it loses 0.85%
The Dollar chopped around inside of relatively narrow ranges through the N.Y. session on Monday, with the DXY moving between 96.74 and 96.93. Risk-on conditions were back in play following the U.S. dropping its tariff threat on Mexico. Treasury yields rose with Wall Street, though the pricing in of Fed rate cuts kept USD gains […]
The Dollar majors have been plying narrow ranges so far today. EUR-USD has settled in the mid 1.1200s after some relatively choppy trading over the last couple of days, which has seen the pair twice beaten back down from brief forays above 1.1300. USD-JPY has concurrently settled in the mid 108.00s, holding below the eight-day […]
The Dollar has been trading mixed narrow ranges into the U.S. jobs report release, gaining on the Yen and Swiss Franc, which weakened as safe-haven premiums further eroded, while posting modest gains versus the Euro and Australian Dollar. Sterling was a marginal outperformer during the London AM session, with Her Majesty’s currency poised to make […]
OVERVIEW The US Dollar Index crashed to its lowest level in 10 weeks as Non-Farm Payrolls missed estimates The Canadian loonie strengthened by 0.5% on steady employment gains Gold adds nearly $10, and the market remains cautious on trade and geopolitical risks
The Yen has appreciated as stock markets returned to sputtering mode after U.S. and Mexico failed to reach a deal to avert proposed tariffs, with President Trump saying that “not enough” progress has been made on ways to limit migration. Talks between the U.S. and Mexico are due to resume later today, which looks to […]
The Dollar has consolidated at moderately lower levels after rising during the New York PM session yesterday, while the Yen saw some chop, rotating higher during the Asian session, where stock markets sputtered, led by a 0.9% closing loss in China’s CSI 300 index, before rebounding some during the European AM session, when European stocks […]
OVERVIEW The US Dollar Index returns to negative territory amidst broad-based dollar weakness. USD/CAD sheds more gains and returns to old trading ranges ahead of jobs data. Gold is shining ever brighter, up by 0.25% with trade tensions deepening.
The Dollar has continued to soften against most other currencies amid a recovery in risk appetite in global markets and associated bubbling in expectations for the Fed to loosen monetary policy before the year is out. The narrow trade-weighted USD index has printed a fresh seven-week low at 96.96. EUR-USD has remained buoyant after posting […]
The directional performance of the main currencies can so far today be divided up between the losers, which were the Dollar and safe-haven Yen and Swiss Franc units, and the winners, which were the Euro along with the Australian, New Zealand and Canadian Dollars. The Pound also held up well, with both the UK and […]
OVERVIEW The US Dollar is trading lower across the board, weighed down by dovish comments from Fed Chair Powell USD/CAD ignores sliding oil prices and drops to a two-week low. Gold continues to increase, adding 13 dollars to trade near $1340 an ounce. HIGHLIGHT The EUR/USD pair climbed to a two-month high, carried by a […]
OVERVIEW The US Dollar is trading lower across the board, weighed down by dovish comments from Fed Chair Powell USD/CAD ignores sliding oil prices and drops to a two-week low. Gold continues to increase, adding 13 dollars to trade near $1340 an ounce. HIGHLIGHT The EUR/USD pair climbed to a two-month high, carried by a […]
A very weak ADP employment report saw the Dollar head lower in early N.Y. trade on Wednesday, though a pick up in risk taking levels, and a stronger services ISM saw the unit recover later in the session. EUR-USD peaked at 1.1306, later falling back under 1.1240. USD-JPY hit trend lows of 107.82, before rallying […]
The Dollar has remained heavy with markets in-process of discounting a 25 bp cut in the funds rate as soon as September, if not earlier. This, for now, is offsetting the dollar’s safe haven credentials, with global equity markets sputtering rather than falling precipitously in the face of ratcheting trade tensions. The narrow trade-weighted USD […]
The Dollar has posted fresh lows against the Euro, Yen and a number of other currencies. A rebound in European stock markets and S&P 500 futures after a mixed session on Asian bourses enabled forex markets to focus on the Dollar-negative narrative of strengthening expectations for the Fed to cut rates as soon as September. […]
OVERVIEW The greenback is attempting a mini-recovery, up by 0.1% against G-10 currencies despite negative sentiment catching up with the market USD/CAD returns inside familiar ranges buoyed by higher oil prices and general weaker USD sentiment Gold climbs to a four-month high as investors seek safe assets
The Dollar pulled back some following Fed chair Powell headlines, where he said the Fed is prepared to act appropriately to sustain the U.S. economic expansion. He also said the Fed remains concerned over cool inflation figures. The comments were taken with a dovish slant, sending EUR-USD over 1.1265 from 1.1240, and USD-JPY to 107.99 […]
OVERVIEW The greenback is trading with weaker footing against most G-10 currencies as currency markets wait on trade deadlock USD/CAD moves back to around 1.35 post, driven by better performance in the crude oil market. NYMEX WTI crude prices started firmly, up 1.25%, after what might be called a May horror show
The Dollar has traded mostly lower, losing ground to the Yen and Swiss Franc, while posting a six-day low versus the Euro. Stock markets in Europe and Asia have been under pressure, though moderately so, while S&P 500 futures declined by 0.5% in overnight trading. The overall vibe in globals remains one of caution. PMI […]
Dollar losses accelerated after Fed’s Bullard said a rate cut could be warranted soon. EUR-USD, which had rallied to 1.1225 from near 1.1180 early in the session, ran up to new three-week highs of 1.1250, while USD-JPY fell to fresh trend lows of 108.06. USD-CAD fell under 1.3450, while GBP-USD topped over 1.2665, up from […]
The Yen has rallied sharply after President Trump threaten to hit Mexico with high tariffs if it failed to do what he considers its part in dealing with surge in immigrants attempting to cross the border into the U.S. USD-JPY dove over 0.7% in making a four-month low at 108.78. AUD-JPY tumbled to a five-month […]
The safe-haven Yen rallied sharply while the Mexican Peso plunged precipitously after President Trump vowed to hit Mexico with a 5% tariff and threatened higher tariffs if it failed to do what he considers its part in dealing with surge in immigrants attempting to cross the border into the U.S. USD-JPY dove about 0.8% in […]
OVERVIEW The greenback has moved into negative territory after the Trump Administration slapped a new 5% tax on Mexican imports to the USA. USD/CAD climbed above 1.35 post, driven by fears of escalating trade tensions NYMEX WTI crude declined by 2.4% on renewed concerns over geopolitical risks
The Dollar headed lower in N.Y. on Friday, with USD-JPY losses pacing the losses. Incoming data was mostly positive, though the risk-backdrop crumbled following Trump’s announcement he would slap tariffs on Mexican goods if the country did not stem the flow of migrants to the U.S. Wall Street was sharply lower, and Treasury yields fell […]
A moderate unwinding in risk-off positioning has been seen in currency markets. This comes with Wall Street having pared losses during the PM session yesterday and with S&P 500 futures showing modest gains, even though most Asian markets have remained nuder pressure today. USD-JPY lifted to an eight-day high at 109.76. , and the AUD-JPY […]