The dollar is down for a second day, with the narrow trade-weighted USD index printing a six-day low at 93.08 to nearly fully unwind the gains seen in the wake of last Friday’s U.S. July jobs report. Some market narratives have been attributing the dollar’s ebb as being a return of the currency’s inverse correlation […]
The Dollar started Thursday’s N.Y. session on a softer footing, though bottomed at mid-morning, spending the remainder of the day modestly on the rise. The DXY made its way from 92.94 lows to a high of 93.26. Encouraging drops in initial jobless claims and continuing claims ultimately helped USD sentiment. Wall Street was mixed, with […]
The dollar ebbed back some after pegging fresh recovery highs against the euro and some other currencies. The narrow trade-weighted USD index fell back to levels around 93.50 after posting an eight-day high at 93.79. EUR-USD concurrently lifted back to the mid 1.1700s after carving out a nine-day low at 1.1711. USD-CAD dropped back to […]
The dollar is up for a fourth consecutive trading day, lifting narrow trade-weighted USD index to an eight-day high at 93.77. EUR-USD concurrently carved out a nine-day low at 1.1711, Cable a five-day low at 1.3017, and AUD-USD an eight-day nadir at 0.7110. The dynamic marks an extension in correction from the trend highs that […]
The Dollar was marginally lower overall in N.Y. on Wednesday, resulting in a DXY bottom of 93.29 from opening highs of 93.64. The USD has been suffering since the start of July, as pandemic concerns cloud the growth outlook, as the Fed remains in uber-easing mode, and more recently, growing fears that congress will not […]
The narrow trade-weighted USD index edged out a one-week high at 93.71, making this the third consecutive trading day a higher high has been seen. A softer tone in the euro has in part given buoyancy to the index while pushing EUR-USD to a one-week low, at 1.1723. EUR-JPY concurrently rose about 40 pips to […]
The Dollar was modestly higher in N.Y. trade on Tuesday, taking the DXY from opening lows of 93.18 to a high of 93.53. Warmer than expected July PPI provided support to the USD, as did the resultant rise in Treasury yields. EUR-USD eased from 1.1807 highs to a low of 1.1757, ass USD-JPY topped at […]
The dollar took a downward shift. USD-JPY posted a low at 105.72, which is less than 40 pips from the day’s peak. Cable clocked a peak at 1.3104, marking a 50% retrace of Friday’s drop. AUD-USD printed a high at 0.7185. Both Cable and AUD-USD remained below their respective trend highs that were seen last […]
The dollar has traded moderately firmer, seeing fresh rebound highs in the case against the euro. EUR-USD carved out a six-day low at 1.1753, extending the correction from the 27-month high that was pegged last Thursday at 1.1917. Friday’s above-forecast U.S. jobs report lifted the dollar, although weighing on Wall Street on the view that […]
The major currencies have been posting narrow ranges so far today in thin trading conditions, with Japan and Singapore closed for public holidays and with the summer holiday season in full swing in Europe and North America. EUR-USD settled in a narrow range just above Friday’s six-day low at 107.55. Cable lifted moderately, to a […]
The U.S. jobs report defied the market’s downside fears with solid July job gains, and allowed the Dollar to rally into the weekend. While the NFP outcome was a bit light of consensus forecasts, it was good enough for markets to breath a sigh of relief. The DXY rallied from early 93.01 lows, later touching […]
The narrow trade-weighted USD index (DXY) posted a two-day high at 93.16, extending the rebound from the 27-month low seen yesterday at 92.53. EUR-USD concurrently retreated to a 1.1819 low, which is a pip shy of yesterday’s low and 2 pips shy of making it a big figure correction from yesterday’s 27-month peak. Cable posted […]