The Dollar, Yen and Swiss Franc traded moderately softer against most other currencies as stock markets steadied after the recent tilt lower. This helped EUR-USD find a toehold after three straight days of decline, with the pair holding in the lower-to-mid 1.1100s, above the one-week low seen yesterday at 1.1124. USD-JPY lifted to an eight-day […]
OVERVIEW The Dollar Index is consolidating around 2019 highs, as the euro and pound fall apart. USD/CAD loses steam and returns inside a 1.34-1.35 range. NYMEX WTI crude steadies just below $60.00, after dropping to a 2-month low.
The Dollar index rallied to six-session highs of 98.28 in morning N.Y. trade on Thursday, though later pulled back to 98.11 lows into the London close. A slightly better than expected Q1 GDP revision helped the USD early on, though with Wall Street posting modest gains, safe-haven Dollar flows reversed to an extent. EUR-USD printed […]
The Dollar picked up demand in both Asia and during the European AM session. The narrow trade-weighted USD index printed a six-day high at 98.04, while EUR-USD concurrently fell to a six-day low at 1.1149, inching last week’s two-year low at 1.1107 further into view. Safe haven demand has been the dominating factor in price […]
The Dollar and Yen had traded firmer amid a risk-off theme in global markets. USD-JPY fell to a two-week low at 109.15, despite concurrent dollar gains versus most other currencies. EUR-JPY hit a fresh four-month low, and AUD-JPY has come under notable pressure. The narrow trade-weighted USD index, meanwhile, carved out a six-day high at […]
OVERVIEW The greenback is holding steady despite falling treasury yields significant fears of a global meltdown Bank of Canada is expected to maintain rates at 1.75% NYMEX WTI crude drops lower to an 11-day low below $58
The Dollar index rallied to one-week highs in N.Y. on Wednesday, as another session of risk-off trade prompted safe-haven flows into the USD. Trade war fears, along with U.S. politics weighed on Wall Street, as China may cut rare-earth exports to the U.S., and as special council Mueller left the door open for a Trump […]
The dollar majors are lacking directional bias so far today, with participants hunkering down in Asia into the return of full market participation, and liquidity, that the reopening of markets in London and New York will bring today following long weekends in the UK and U.S. EUR-USD still managed to eke out a three-session low […]
A moderate risk-off theme become re-established in global markets, which pushed Treasury and other top-tier sovereign yields lower, hit stock markets while buoying the Yen in forex markets. USD-JPY ebbed moderately lower as the Japanese currency picked up a safe-haven bid, breaking free of what had been a narrow orbit of the 100.50 level. A […]
OVERVIEW The US Dollar is moving slowly after Memorial Day, creeping up a couple of pips GBP USD likely will be a volatile pair as the UK wonders who will be the next occupant of 10 Downing Street Bank of Canada expected to hold interest rates, loonie expected to trade with negative bias HIGHLIGHT
The Dollar advanced modestly in N.Y. trade on Tuesday, taking the DXY to four-session highs of 97.96, up from 97.72 lows seen early in the session. A better than expected consumer confidence outcome supported the Greenback some. EUR-USD slipped toward 1.1160, from pre-open highs of 1.1198. USD-JPY made it over 109.61 from two-week lows in […]
Risk-off positioning have unwound some more in the forex markets, with the Dollar, Yen and Swiss Franc all losing ground to most of the main currencies today. A rally of over 0.5% in AUD-JPY has led the way, which has extended the rebound-form-trend lows seen late last week. The cross hit a three-day high at […]
Conditions have been thin in the absence of London markets and with the U.S. off today. The Euro traded firmer, with EUR-USD having edged out an 11-day high at 1.1215, while EUR-JPY and EUR-CHF concurrently recouped recently lost ground. EUR-GBP, in contrast, descended to a five-day low as the Pound rebounded from recent trend lows. […]
The Dollar index rallied to two-year highs in early N.Y. trade on Thursday, with gains coming on the back of safe-haven flows into the Dollar as a result of ongoing trade war concerns. Weakness in May flash manufacturing and services PMIs later prompted a sharp round of profit taking related USD selling, resulting in the […]
The Dollar, Yen and Swiss Franc have softened amid a hiatus in the risk-off theme that dominated markets yesterday. Sentiment remains fragile, though. The MSCI Asia-Pacific (ex-Japan) equity index still managed to carve out a fresh four-month low at the intraday low, before recovering a little, with the main Chinese indexes showing fractional gains. The […]
A rally in Sterling interrupted an otherwise directionally-limited London AM session in the forex market. The spark was the resignation announcement of Prime Minister May, who will step down on June 7th, after President Trump’s three-day state visit. Cable sprang about 0.5% higher in posting a 1.2718 high, which extending a rebound from the near […]
OVERVIEW The US Dollar slides lower as trade tensions start to bite the economy The British Pound holds steady ahead of a volatile session after the PM announces her departure date (June 7th) NYMEX WTI crude plunges below $60 a barrel after heavy selling pressure
The Dollar came under pressure again in N.Y. on Friday, taking the DXY to seven-session lows of 97.55, after touching two-year highs of 98.37 on Thursday.Weaker PMI data on Thursday was a major weight on the Dollar then, and a soft durables report Friday did further damage to the Greenback. EUR-USD topped at 1.1212,up from […]
A lack of data, and relatively uneventful risk-backdrop saw the Dollar dip in early trade, then recover to near unchanged into the close. EUR-USD ranged between 1.1180 and 1.1151,ending near 1.1160. USD-JPY was range bound settling near 110.35, while USD-CAD rallied to 1.3435 on weaker oil prices, after bottoming at 1.3358 following strong Canada retail […]
The main currencies have traded with limited directional bias, on net, so far today. The FOMC minutes weren’t perhaps quite as dovish as some market participants were anticipating, which inspired a modest rise in the dollar. The minutes showed that “many” believe downside risks had abated, and that low inflation was likely “transitory,” though “several” […]
The Dollar has traded firmer against most currencies fo far today, with the exceptions of the Yen and Swiss Franc, which outperformed on a rekindled safe-haven bid as European and Asian stock markets, and U.S. equity index futures, turned quite sharply lower. The narrow trade-weighted USD index lifted to a one-month high of 98.26, while […]
OVERVIEW The US Dollar is struggling to hang onto recent gains near a 24-month high against the major currencies. Soft PMI reading puts the Euro under pressure, down by 0.4% on the day NYMEX WTI crude drops below $60 a barrel with trade tensions applying the brakes to the global economy
The Dollar was steady to higher in morning trade in N.Y. on Tuesday, showing little response to softer exiting home sales data. USD-JPY was firm on risk-on conditions, rising to 110.67, up from under 110.10 into the open. EUR-USD was steady between 1.1145 and 1.1160 through much of the morning, but was later dragged to […]
The main currencies have been trading narrow ranges for the most part so far today. Two exceptions: NZD-USD, which extended recent declines in posting a fresh seven-month low at 0.6493, and the Pound, which printed new four- and three-month lows against the Dollar and Euro, respectively. Cable’s low is 1.2685.
The Dollar has lost traction after the Fed’s Bullard said that a rate cut may be in order if inflation continues to disappoint. There are also expectations for today’s release of FOMC minutes to evidence a shift to an overall more dovish stance, including suggestions to slacken inflation targeting. EUR-USD has found support after printing […]
OVERVIEW The Dollar Index under pressure this morning down 0.1%, as trade tensions escalate British pound touches new four-month low as MPs criticise the “new” deal NYMEX WTI crude drops 1.27% and likely to weigh on commodity currencies XE Webinar on “Effective FX Risk Management” for UK businesses is live tomorrow (05/23/2019)
The Dollar was rangebound in N.Y. trade on Monday, leaving the DXY between 97.88 and 97.98 through the session. There was no data to drive the market, though bouts of safe-haven USD buying were noted, as the risk backdrop remained sour following U.S. restrictions on China’s Huawei. EUR-USD hit two-week lows of 1.1151 ahead of […]
The Dollar has traded firmer, posting fresh trend highs against a number of currencies. This drove EUR-USD to an 18-day low of 1.1147, making this the seventh out of the last eight trading days that the pair has posted a new lower low. Cable printed a fresh four-month low, at 1.2709, building on the steep […]