The Dollar was rangebound in N.Y. on Monday, leaving the DXY between 98.18 lows at the open, and 98.27 after the London close. There was no data to drive the market. Wall Street was higher on trade negotiation hopes, while Treasury yields edged higher as well. EUR-USD slipped from 1.1104 to lows under 1.1090 later […]
The Australian Dollar has traded firmer and, to a lesser extent, the New Zealand buck. The gains came despite Chinese stock markets sputtering, although other equity markets across the Asia-Pacific region performed better, continuing the recouperation from last week’s acute phase of risk-off positioning. AUD-USD printed a five-day high, at 0.6795, as did AUD-JPY, at […]
The Dollar majors have been plying narrow ranges in early-week trading so far, with principal pairings and associated cross rates showing less than a 0.2% net movement heading into the London interbank open. EUR-USD settled in the upper 1.1100s. The pair was lifted on Friday from levels around 1.1170 by reports that Germany will shift […]
EUR-USD has declined for a fifth consecutive day, earlier pegging a two-week low at 1.1074. A stop-loss and long-covering decline in EUR-GBP, which has fallen by nearly 1%, has driven a broader underperformance in the Euro. EUR-USD’s ebb today has extended the fall the pairing saw following yesterday’s firmer than expected U.S. retail sales and […]
The dollar headed mostly lower in N.Y. on Friday, dented by a softer consumer sentiment report, and news that Germany will shift to deficit spending should the country enter recession. The latter gave the euro a boost from two-week low of 1.10667, to 1.1106 highs. USD-JPY remained supported by general risk-on conditions, topping at 106.43, […]
A revival in risk-off positioning saw the Yen more than recover losses seen earlier in the day, while S&P 500 went from showing a 0.7% gain to a 0.6% loss in overnight trading. Beijing’s vow to take “necessary countermeasures” rekindled investor anxiety, offsetting President Trump’s decision to delay the latest earmarked tariffs to December from […]
OVERVIEW Investor pour flows into traditional safe-haven assets Euro drops below 1.12 handle over fears of a recession. WTI Crude oil drops for the second day in a row after Chinese declarations of trade policy intentions.
The Dollar was mostly firmer through the N.Y. session on Thursday, with gains coming on the back of decent U.S. data. Trade angst remains front and center, which has tended to support the USD and JPY this week. EUR-USD faded to two-week lows of 1.1092 before recovering over 1.1115. USD-JPY peaked at 106.34, though later […]
Narrow ranges have been prevailing amid a restive mood in global markets. Hopes for more central bank stimulus have been winning out in equity markets, for now, though this is juxtaposed by fears that a number of major economies are simultaneously heading for recession, with a number of developing-world economies with high dollar debt levels […]
The Yen rallied during the London morning session, recouping a portion of the losses seen yesterday after President Trump’s partial de-escalation of his trade war with China. Data showing the slowest rise in Chinese industrial production in 17 years, along with a -0.1% q/q print in German Q2 GDP, spooked markets anew, sparking a sharp […]
OVERVIEW Gold consolidates near its highest level since April 2013 over a global economic slowdown. USD/CAD is toying with the upper range of 1.32-1.33 over weak oil prices. WTI Crude oil lost 3.3% to fall to $55.25 a barrel with soft global economic growth.
OVERVIEW Gold consolidates near its highest level since April 2013 over a global economic slowdown. USD/CAD is toying with the upper range of 1.32-1.33 over weak oil prices. WTI Crude oil lost 3.3% to fall to $55.25 a barrel with soft global economic growth.