The Dollar was broadly lower in N.Y. on Tuesday, leaving the DXY near three-month lows of 89.69. Stalling Treasury yield rises have dented USD sentiment this week, following the spike up seen last week following hot U.S. prices data. The rise in rates, saw the Greenback head higher as well. Data today saw housing starts […]
The dollar has tracked lower, which shouldn’t be too surprising given the prevailing buy-in of the Fed’s transitory narrative on inflation alongside the fact that the U.S. inflation rate is markedly higher versus peers, which imparts (all else equal) a weakening dynamic on the nominal value of the greenback. The DXY USD index breached the […]
The dollar majors have been trading narrowly mixed. The yen saw some movement, softening into the Tokyo fix before trending moderately higher thereafter amid a risk-wary sentiment in Asia, with the Japanese currency attracting some safe haven demand. This saw EUR-JPY turn lower after pegging a fresh 32-month high just ahead of the Tokyo fixing. […]
The Dollar softened some in N.Y. trade on Friday, though ranges remained relatively narrow. Misses in U.S. data were a contributing factor, as retail sales, industrial production and consumer sentiment outcomes all missed the mark. The DXY opened over 90.50, later bottoming at 90.28 before steadying near 90.40. Wall Street rallied into the weekend with […]
The dollar has been plying narrow ranges against peers for the most part. The DXY index still edged out its lowest level seen since last Wednesday, before the U.S. CPI release, at 90.28, before settling in a modestly higher range. The 10-year U.S. T-note yield touched a low today at 1.607%, about 10 bp down […]
The dollar has softened moderately, tracking the ebb in Treasury yields, which at the 10-year maturity saw the yield drop back under 1.66% from yesterday’s highs just above 1.70%. The DXY USD index settled about 20-30 pips down on yesterday’s one-week high at 90.91. EUR-USD settled in a narrow orbit of the 1.2100 level, up […]
The Dollar softened some in N.Y. trade on Friday, though ranges remained relatively narrow. Misses in U.S. data were a contributing factor, as retail sales, industrial production and consumer sentiment outcomes all missed the mark. The DXY opened over 90.50, later bottoming at 90.28 before steadying near 90.40. Wall Street rallied into the weekend with […]
The dollar has softened, tracking the ebb in Treasury yields, which at the 10-year maturity saw the yield drop back under 1.64% from yesterday’s highs just above 1.70%. The DXY USD index posted a two-day low at 90.44, extending the correction from yesterday’s one-week high at 90.91. EUR-USD retraced most of yesterday’s decline in printing […]
The dollar extended gains seen after yesterday’s hotter than expected print on U.S. CPI for April. The DXY USD index posted a new high for the week at 90.91. EUR-USD concurrently pegged a one-week low at 1.2051, which extended the correction from the 10-week high that was seen earlier in the week at 1.2107. USD-JPY […]
The dollar has consolidated gains seen after yesterday’s hotter than expected print on U.S. CPI for April. The DXY USD index has settled under the 90.80 post-data high, which is the loftiest level seen since last Friday. EUR-USD has concurrently settled above yesterday’s low at 1.2065, which extended the correction from the 10-week high that […]
The Dollar was a bit choppy in N.Y. on Thursday, though within relatively narrow trading ranges, and overall ending little changed. The DXY started near 90.80, dipped to 90.60, then printed highs of 90.83 into the London close. The hotter than expected April U.S. PPI report did not have the impact Wednesday’s huge CPI gains […]
The dollar edged out a new high for the week by the measure of the DXY USD index and against the euro, with EUR-USD pinning a low at 1.2115 to put in a little distance from the 10-week peak that was touched yesterday at 1.2182. The dollar also posted gains versus the Australian and New […]