The DXY headed up to 93.01 in late morning trade, after bottoming earlier at 92.77. The USD then faded in relatively light trade through much of the afternoon session. Weekly jobless claims were lower than expected, though the data were impacted by a change in the seasonal adjustment methodology, while the July trade deficit blew […]
Narrow ranges have been prevailing ahead of the U.S. August payrolls report. Markets are also trading cautiously into next Thursday’s ECB meeting, with some of the more dovish governing council members having this week expressed their concern about the appreciating trend of EUR-USD. The common currency has been settled in a narrow range in the […]
The dollar has is at softer levels in narrow ranges following the sharp tech-led correction on Wall Street, which has in led to a sizeable retreat in global stock markets. The narrow trade-weighted USD index (DXY) settled just above yesterday’s low at 92.69. The low was the culmination of a drop from the one-week high […]
The dollar is up for a third straight day as measured by the narrow trade-weighted DXY index, which posted a six-day high at 93.03, further extending the rebound from Tuesday’s 28-month low at 91.75. EUR-USD concurrently posted a one-week low at 1.1795. A profit taking impulse on dollar short positions was initially seen following the […]
The Dollar posted modest gains in N.Y. on Wednesday, adding to the overnight advance. The driver of the USD move higher was comments from ECB chief economist Lane, who added a small dose of “verbal intervention, saying that the rise of the EUR is not a target for the central bank per se, EUR-USD is […]
The dollar is up for a third straight day as measured by the narrow trade-weighted DXY index, which posted a six-day high at 93.06, which further extended the rebound from Tuesday’s 28-month low at 91.75. EUR-USD concurrently posted a one-week low at 1.1789, before an unexpected upward revision in the final Eurozone services PMI headline […]
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