The Dollar majors have been trading narrowly, with the main pairings holding within yesterday’s ranges. This follows what has been a pretty volatile week, which has seen the Yen hit major trend highs against many currencies in a safe-haven driven move, before steadying concomitantly with a breakout of relative calmness in global stock markets following […]
OVERVIEW GBP plunges again on soft GDP readings. USD/CAD is choppy after a weak employment report card WTI Crude oil continues to move northbound, gaining 3% as of this writing.
Sterling came under pressure following data showing an unexpected 0.2% q/q contraction in preliminary UK Q2 GDP, which saw Cable match the 27-month low seen last week at 1.2079, while the UK currency printed a fresh 24-month low against the Euro. EUR-USD, meanwhile, continued to orbit the 1.1200 level, despite some bearish Euro leads, with […]
The Dollar edged lower through the morning session in N.Y. on Friday, weighed down some by a cooler core U.S. PPI print. The DXY fell to 97.36 from early highs of 97.61, before recovering over 97.50 into the close on pre-weekend short covering. Wall Street was lower on ongoing trade concerns, while Treasury yields remained […]
Comparative calm, and comparatively narrow ranges have been ensuing so far today. The main theme has been a moderate decline in the Yen amid a backdrop of recouping stock markets. USD-JPY has settled in the lower 106.00s, above the seven-month low seen yesterday at 105.49. AUD-JPY, EUR-JPY and other Yen crosses have also posted moderate […]
Some Yen weakness and a rebound in the Australian Dollar have been the main themes so far today among the main currencies. An unexpected rise in Chinese exports in July helped buoy both investor spirits and the Aussie buck, the latter by way of its status as a China proxy. And, while the PBoC’s official […]
OVERVIEW The US Dollar Index is steady after yesterday’s choppy session. USD/CAD returns to long term sweet spot around 1.33 after hitting a two-month high. WTI Crude oil price rebounds after shedding 6% yesterday but $50 a barrel remains on sight.
OVERVIEW The US Dollar Index is steady after yesterday’s choppy session. USD/CAD returns to long term sweet spot around 1.33 after hitting a two-month high. WTI Crude oil price rebounds after shedding 6% yesterday but $50 a barrel remains on sight.
The Dollar moved marginally higher in early N.Y. trade on Thursday, taking the DXY to 97.74 highs.The index later eased lower, bottoming at 97.46 after the London close. On the data front, jobless claims were slightly lower than expected, while wholesale sales were a but weaker than forecasts. Neither release had much impact on the […]
The New Zealand Dollar dove over 2% in hitting its lowest level against the U.S. Dollar since January 2016, at 0.6377, and sank to near seven-year lows in the case against the Yen. This followed a more aggressive than expected 50 bp rate cut by the RBNZ, putting the cash rate at an all-time low […]
The Dollar has traded generally firmer in active markets. The New Zealand Dollar dove over 2% in hitting its lowest level against the U.S. Dollar since January 2016, at 0.6377, and sank to near seven-year lows in the case against the Yen. This followed a 50 bp rate cut by the RBNZ — the first […]
OVERVIEW RBNZ (-50 bps) and RBI (-35 bps) chopped their benchmark rates over growing external uncertainties. EUR/USD is oscillating around 1.12, bouncing from its lowest level in two years. WTI Crude oil price slips again, down 9.5% since the beginning of the month