OVERVIEW The US dollar resumes its upward movement, buoyed by a positive economic assessment from the Fed The Euro is dangerously approaching key 1.12 levels following soft PMI reports NYMEX WTI crude oil slumps lower, down 2.30% on the day
The Dollar dropped in N.Y. on Tuesday, taking the DXY to six-session lows of 97.44 from 97.65 at mid-morning. Risk-off conditions were in effect, and yields slipped some. Recent U.S. price data have been soft, which along with prospects for a dovish FOMC on Wednesday, may be behind the Greenback’s recent soft patch. Incoming data […]
The Dollar majors have been plying narrow ranges so far today, with volumes low amid Labour Day holidays, which has closed China and Hong Kong, along with Singapore and others, while Japan has remained out for its week-long Golden Week hiatus. All the the main dollar pairings and associated cross rates that we keep tabs […]
The Dollar has continued to soften in thin markets today, with many centres in Asia and Europe out for the Labour Day holiday. EUR-USD lifted to an eight-day high at 1.1239, marking the fourth consecutive up day, extending the rebound from the 23-month low seen last Friday at 1.1111. Firmer than expected data out of […]
OVERVIEW The Greenback is trading flat ahead of FOMC and employment data The British Pound waits on a signal from the Bank of England and tedious Brexit negotiations WTI crude oil continues its southbound move, losing 0.75% this morning
The Dollar headed lower again in N.Y. on Monday, weighed down partly by cooler PCE chain prices, and partly by continued profit taking following the near two-year highs seen last week. Income data was a bit soft, though spending beat consensus. The DXY slipped under 97.85 from 98.10 highs. EUR-USD topped at 1.1186 opening near […]
A risk-off theme has taken a hold, which has driven AUD-JPY, a forex market proxy on risk appetite in global markets, 0.5% lower as AUD-USD sank to a two-session low at 0.7034 and USD-JPY to a three-week low at 111.35. Stock markets across Asia have continued to sputter today, this time following disappointing manufacturing PMI […]
The Dollar has come under pressure, led by broad Euro gains following a set of bullish data leads out of the Eurozone, along with USD-JPY declines as the Yen picked up safe haven demand as stock markets in Europe and Asia sputtered. Disappointing manufacturing PMI data out of China, along with earning misses from Samsung […]
OVERVIEW The greenback is trading with a negative bias as the FOMC meeting starts GBP/USD moved to an eight-day high on general dollar weakness and now waits for the Bank of England WTI crude oil halts its slide to trade around $64.20 a barrel
The Dollar bloc currencies have posted gains in the wake of the strong 3.2% y/y U.S. Q1 GDP figure on Friday, which was added to today by a rise in March Chinese industrial profits after a four consecutive months of contraction. S&P 500 and NASDAQ hit fresh record highs on Wall Street on Friday, and […]
The Dollar has traded softer so far today, though magnitude of movement has been limited. The Yen also weakened against most currencies, with USD-JPY holding steady in the mid-to-upper 111.0s. Volumes have been thin in the absence of Tokyos, which will remain closed for the remainder of the week for Japan’s Golden Week holidays. EUR-USD […]
OVERVIEW Q1 GDP increased by 3.2% according to advanced estimates EUR/USD consolidating near recent lows waiting for Spanish elections WTI crude oil loses 1.70% to slide to $64.10 a barrel
The Dollar rallied momentarily following the stronger U.S. Q1 GDP report, though quickly turned lower, as the sharp gains were largely to do with inventory and trade figures, which bumped up growth, likely to be reversed in Q2. In addition, the price index fell sharply, weighing on Treasury yields, and the Greenback. EUR-USD bottomed at […]
OVERVIEW The Dollar Index is trading at its highest level since April of 2017 EUR/USD slides lower on soft data and growing economic uncertainty WTI crude oil settles near six-month high as the market continues to rebalance HIGHLIGHT
OVERVIEW The Dollar Index is trading at its highest level since April of 2017 EUR/USD slides lower on soft data and growing economic uncertainty WTI crude oil settles near six-month high as the market continues to rebalance
The Dollar retreated from near two-year highs in N.Y. on Thursday, getting a nudge to highs early following a stronger U.S. durable orders report. Gains were short lived however, as the market apparently decided to use the fresh high as a reason to book profits. The DXY fell from 98.32 to 98.03 lows by late […]
The Dollar majors have been plying narrow ranges so far today, with both the Dollar and Yen consolidating of their respective gains seen against most other currencies this week. The U.S. currency has been buoyed by relatively good data, including yesterday’s much stronger than expected 2.7% rise in durable orders data, and with markets expecting […]
The Dollar has mostly consolidated recent gains in narrow ranges as markets anticipate U.S. GDP data later. The Australian dollar, which has underperformed the other main currencies this week, staged a partial recoupment of ground lost this week, with AUD-USD and AUD-JPY leading the way with gains of 0.3-.4%. Both the pair and the cross […]
The Dollar index vaulted to near two-year highs in N.Y. on Wednesday, taking the DXY over the 98.00 mark for the first time since mid-May of 2017. Cool Australia CPI, weak German Ifo data, and a dovish tilting BoC all contributed to the Greenback’s strength. There was no data today, and Wall Street took a […]
The Dollar has consolidated after running higher yesterday. The narrow trade-weighted USD index settled under the 22-month high printed at 98.19, while EUR-USD concurrently settled around 1.1150, above the 22-month low seen yesterday at 1.1140.USD-JPY retreated back under 112.0 after yesterday running to a four-month high at 112.40. The peak was product of broad run […]
The Dollar and Yen have rallied against most other currencies, with the latter outperforming as stock markets in Europe and Asia sputtered, driving USD-JPY back under 112.00 and down from the four-month peak seen at 112.40 late yesterday. The biggest movers were EUR-JPY, GBP-JPY and AUD-JPY, which were all registering between 0.4% and 0.5% declines […]
The Dollar was higher in N.Y. on Tuesday, taking the DXY to a 22-month top of 97.78. Incoming U.S. data was mixed, though the firmer new home sales print helped the Greenback overall. Risk-on conditions following better U.S. earnings reports also supported, and took the S&P 500 above all-time closing highs. EUR-USD fell to 1.1193 […]
The Dollar is trading at modestly lower levels relative to the London interbank close last Thursday, which marked the close of liquid forex trading last week. Markets will be returning to full force today following the Easter holiday period. EUR-USD has settled near 1.1250, up from the two-week low seen last Thursday at 1.1226, which […]
The Dollar has remained buoyant, posting a new two-month high versus the Pound, a seven-week peak against the Canadian Dollar, and a six-week high in the case against the Australian Dollar, which dove 1% against most currencies following weaker than expected CPI data out of Australia, which catalysed expectations for the RBA to cut interest […]
The Dollar index lost modest ground in very light trade in N.Y. on Monday. Europe remained on holiday for the Easter break, contributing to the sluggish session. The DXY slipped marginally to 97.27 from 96.36 early in the session. Incoming data was light, and featured March existing home sales, which were softer than expected. EUR-USD […]
The Dollar is trading at modestly lower levels relative to the London interbank close last Thursday, which marked the close of liquid forex trading last week. Markets will be returning to full force today following the Easter holiday period. EUR-USD has settled near 1.1250, up from the two-week low seen last Thursday at 1.1226, which […]
OVERVIEW The US dollar is closing the week strongly, up 0.3% against other major currencies EUR/USD cracked below the 1.13 handle as exports contract WTI crude oil steadied at $64.50