The Dollar managed to stem the bleeding in N.Y. on Wednesday, and rallied modestly through the session. The DXY held above Tuesday’s 27-month low of 92.13, rallying from early lows of 92.24 to 92.75 highs. There was no data to drive markets. Wall Street was modestly higher, and Apple hit a milestone, becoming the first […]
The dollar has managed to find a toehold against most currencies after printing fresh trend lows against many yesterday. The exceptions were the pound and the Canadian dollar, which both clocked new trend highs versus the greenback. The USD index (DXY) has been consolidating recent losses above Tuesday’s 17-month low at 92.13, with EUR-USD concurrently […]
The dollar continued to soften, which pushed the USD index (DXY) to a low at 92.53, which is 1 pip shy of the 27-month low that was seen on August 6th. EUR-USD correspondingly rose to a 12-day peak at 1.1904, which is 13 pips shy of the pair’s 27-month peak. Cable rallied by 0.5% in […]
The DXY hit a 27-month low of 92.13 at mid-morning in N.Y. on Tuesday, down from 92.56 into the open. USD selling interest has perked up for the past few session, as the market frets over the lack of progress being made on the COVID front in the U.S., which has clouded the economic outlook, […]
The dollar has continued to weaken, which pushed the USD index (DXY) to a new 27-month low at 92.48. EUR-USD correspondingly rose to a 12-day peak at 1.1915, which is just 2 pips shy of the pair’s 27-month peak. Cable rallied by 0.5% in making a 12-day high at 1.3175, while EUR-GBP reversed most of […]
The narrow trade-weighted USD index edged out a 10-day low at 92.89. EUR-USD correspondingly whittled out a 10-day peak at 1.1869, while Cable traded firmer from Friday’s closing level, but remained comfortably shy of Friday’s high at 1.3144. USD-JPY ebbed to a six-day low at 106.22. AUD-USD lifted to a 10-day peak at 0.7196. The […]
The narrow trade-weighted USD index edged out a 10-day low at 92.92. EUR-USD correspondingly whittled out a 10-day peak at 1.1869. Cable traded firmer from Friday’s closing level but remained comfortably shy of Friday’s high at 1.3144. USD-JPY ebbed to within 3 pips of Friday’s six-day low at 106.43. AUD-USD lifted to a 10-day peak […]
The Dollar was lower to start the week in N.Y. with persistent USD weakness coming from various crosscurrents, including the lack of a stimulus bill, COVID uncertainty, and political uncertainty ahead of the November elections. The DXY hit a low of 92.78, down from 93.10 highs ahead of the open. This marked the lowest in […]
The main currencies have settled in narrow ranges, with the dollar consolidating above yesterday’s lows after a two-day decline. The USD index (DXY) has steadied in the lower 93.0s, above yesterday’s one-week low at 92.93. EUR-USD has concurrently reached a stasis in the lower 1.1800s, below Thursday’s one-week peak at 1.1865. The pair has been […]
The main currencies have settled in narrow ranges, with the dollar consolidating above yesterday’s lows after a two-day decline. The USD index (DXY) has steadied in the lower 93.0s, above yesterday’s one-week low at 92.93. EUR-USD has concurrently reached a stasis near 1.1800, below Thursday’s one-week peak at 1.1865. The pair has been in a […]
The Dollar lost modest ground in N.Y. trade on Friday. though trading ranges were narrow overall. Incoming data was largely strong, though traders generally overlooked the better than expected retail sales data, and a decent production report that helped confirm the Q3 recovery scenario. Wall Street traded on either side of flat to end the […]
The dollar is down for a second day, with the narrow trade-weighted USD index printing a six-day low at 93.03 to fully unwind the gains seen in the wake of last Friday’s U.S. July jobs report. Market narratives have been attributing the dollar’s weakening bias to the perception that the Fed has strategically dropped its […]