The dollar continued to drop, printing fresh trend highs against the euro and other currencies. The narrow trade-weighted USD index (DXY) fell over 0.5% to a 22-month low at 93.84 in what is now the seventh consecutive day of decline and the fourth straight week the index has surpassed its prior-week low. Momentum has also […]
The dollar continued to decline, printing fresh trend highs against the euro and other currencies. The narrow trade-weighted USD index (DXY) fell over 0.5% to a 22-month low at 93.76 in what is now the seventh consecutive day of decline and the fourth straight week the index has surpassed its prior-week low. Momentum has also […]
The DXY fell to fresh 22-month lows of 94.36 in N.Y. on Friday, marking the fifth-straight session of lower daily highs and lows. The Dollar appears to be relinquishing its role as a safe-haven currency over the past several sessions, as another risk-off session did not support the USD as had been the case for […]
The yen has outperformed today as risk aversion took a firm grip on global markets. The dollar has so far failed to pick up safe haven demand, and has remained on a softening path. The narrow trade-weighted USD index (DXY) carved out a fresh 22-month low at 94.57. The dollar has lost appeal partly on […]
The DXY fell to levels last seen in September of 2018 in N.Y. on Thursday, as virus fears become heightened, and sentiment on U.S. growth going forward continues to slip. Today’s jobless claims were quite a bit higher than forecasts, which dented the Dollar, weighed heavily on stocks, and pressured Treasury yields. It will take […]
The yen has outperformed as risk aversion took a firm grip on global markets, though the risk-off theme was paused by above-forecast readings in preliminary July PMI survey data out of Europe. The dollar has remained on a softening path, with the narrow trade-weighted USD index (DXY) carving out a fresh 22-month low at 94.57.
Aside from USD-JPY, which rose modestly, the Dollar headed lower into the N.Y. open, and largely stayed down through the session. The DXY printed fresh four-plus month lows of 94.83. For data, U.S. existing home sales rebounded a record 20.7% to 4.720 in June following the -9.7% drop to 3.910 mln in May and the […]
The dollar has continued to track lower, despite a backdrop of flagging stock markets in Asia, although U.S. equities closed with moderate gains yesterday and S&P 500 futures are showing a modest rise in overnight trading. The narrow trade-weighted USD index (DXY) printed a fresh four-and-a-half-month high at 94.82, drawing in on the early March […]
Risk-on conditions, driven by good news on the vaccine front and the EU deal on a pandemic recovery fund, saw the Dollar under pressure in N.Y. on Tuesday, taking the DXY to four-plus month lows of 95.20, down from early highs of 95.80. Unwinding of safe-haven flows weighed on all the major USD pairings. Wall […]
A surge in the euro and a plunge in the pound have been the dominant theme in forex markets. The dollar and yen remained soft against most currencies, and the Australian and New Zealand dollars pegged fresh trend highs despite flagging risk appetite in global markets. EUR-USD surged to fresh 18-month highs above 1.1580, the […]
The euro, along with the Aussie and Kiwi dollars, posted fresh highs against the dollar and yen, despite a backdrop of flagging stock markets. EUR-USD reached its highest level since January 2019, at 1.1547, the culmination of what has now been a five-week rally. EUR-JPY pegged a fresh six-week high at 123.34. Most other euro […]
KUALA LUMPUR (July 22): Malaysia logged 16 new Covid-19 cases as of noon today, pushing the number of active cases in the country to 142. This…