The Dollar slipped in N.Y. morning trade on Wednesday, taking the DXY from 97.67 to 97.33, before recovering to 97.58. There was no data to drive prices, though price action was choppy, as overnight rate cuts surprised, and as trade turmoil remains. Wall Street slid sharply at the open, though managed to recover most losses […]
High volatility has been the flavour of the day, with the Yen dropping sharply after posting fresh trend highs during the Tokyo AM session. The Japanese currency’s highs were seen after U.S.
The Dollar has continued to trade mixed, approaching the New York interbank open at near net unchanged levels versus the Euro, while trading firmer versus the Yen and lower against the Australian and New Zealand Dollars. EUR-USD settled near 1.1200 after printing 18-day high at 1.1249. The new high racks today up as the fourth […]
The Dollar index ended Tuesday’s session near unchanged from opening levels. The DXY started at 97.65, advance to 97.76, before falling back to 97.52, then settling in near 97.65. There was no incoming U.S. data to drive the FX market, and for the most part, traders appeared to just jockey for position until the next […]
The Dollar has been trading mixed amid a mixed off backdrop, which has seen the safe-haven Yen outperform and the commodity-correlating Dollar bloc currencies, along with a good many developing world currencies, underperform. China’s Yuan fell to an 11-year low below the politically sensitive 7.0 to the dollar level, which the PBoC blamed on “trade […]
The Dollar has been trading mixed amid a risk-off backdrop, which has seen the safe-haven yen outperform and the commodity-correlating Dollar bloc currencies, along with a good many developing world currencies, underperform. China’s Yuan fell to an 11-year low below the politically sensitive 7.0 to the dollar level, which the PBoC blamed on “trade protectionism,” […]
The Dollar lost ground in N.Y. trade on Monday, the move driven largely by ramped up expectations for a September Fed rate cut, following the escalation of the U.S./China trade war. China’s devaluation of the yuan, along with its cessation of purchasing U.S. agriculture products. Wall Street plunged, as did Treasury yields, which weighed further […]
The Dollar has traded mixed since President Trump’s launching of a fresh advance in his trade war with China, rising versus the underperforming Australian buck while losing ground to the outperforming Yen, and softening moderately in the case against the Euro. AUD-USD, which is now in its 11th consecutive day of decline, printed a seven-month […]
OVERVIEW The US President surprised the business community, stock and currency markets by escalating tariffs on Chinese goods The UK Conservative Party majority is now down to one seat after pro-EU Liberal Democrat Jane Dodds defeats Chris Davies Canadian dollar down to a two-month low as oil prices continue to sink HIGHLIGHT
The Dollar has traded mixed since President Trump’s launched a fresh advance in his trade war with China, to which Beijing responded today by threatening countermeasures if the new tariffs are implemented. The biggest mover has been AUD-JPY, which plummeted by over 2% since Trump’s announcement yesterday in extending to levels not seen since the […]
OVERVIEW The US President surprised the business community, stock and currency markets by escalating tariffs on Chinese goods The UK Conservative Party majority is now down to one seat after pro-EU Liberal Democrat Jane Dodds defeats Chris Davies Canadian dollar down to a two-month low as oil prices continue to sink HIGHLIGHT
The Dollar ended lower in N.Y. on Friday, rallying briefly following a decent July jobs report, later heading lower on end-of-week position squaring. Trade, factory, and confidence figures were mediocre. Yields and Wall Street headed lower again on ongoing U.S./China trade concerns. EUR-USD recovered from the two-plus year lows of 1.1027 lows seen Thursday, peaking […]