The Dollar extended post-Fed gains during the early part of the Asia session, with the narrow trade-weighted USD index gaining by a cumulative 0.9% in printing a high at 98.92, which is the highest level seen since May 1997. EUR-USD concurrently fell to a fresh 27-month low at 1.1034 while USD-JPY lifted to a two-month […]
The narrow trade-weighted USD index extended its cumulative post-FOMC gain to nearly 1% in printing a high at 98.92, which is the highest level seen since May 1997. EUR-USD concurrently extended lower, reaching a fresh 27-month low at 1.1030 during the London morning, and while USD-JPY settled to the lower 109.0s, the pair had seen […]
OVERVIEW The greenback climbed to its highest level against other major currencies since 2017 despite mixed signals from the Fed. EUR/USD tumbled by 0.35% with investors nervously watching the 1.10 handle. WTI Crude oil price loses $1 over concerns of a pending global economic slowdown.
The Dollar came under some pressure in the morning session in N.Y. on Thursday, weighed down by weaker manufacturing and construction spending data. The Greenback later fell to session lows against all major currencies following Trump’s imposition of 10% tariffs on an additional $300 bln of U.S. imports from China. The driver of the move […]
The Dollar majors have settled in narrow ranges ahead of the Fed’s policy announcement later today (14:00 ET, or 19:00 GMT), although EUR-USD managed to eke out a four-session high at 1.1162, putting in a little extra space from the 25-month low seen last week at 1.1101. AUD-USD saw some chop, rebounding to near 0.6900 […]
Narrow ranges have been prevailing into the Fed’s policy announcement later. EUR-USD settled lower, back under 1.1150, after earlier edging out a four-session high at 1.1162. The 25-month low seen last week at 1.1101 remains in scope. USD-JPY continued to ply a relatively narrow range in the mid 108.00s, while Sterling has settled above yesterday’s […]
OVERVIEW The FOMC takes the stage again in the latest episode of the Rate is Right Canada’s economy continues to grow incrementally Meanwhile, the European economy continues to retract incrementally HIGHLIGHT
The FX market was very quiet ahead of the FOMC announcement in N.Y. on Wednesday, largely maintaining well-worn ranges. The Dollar later rallied following the Fed announcement, where rates were cut by 25 basis points, as widely expected. The statement cited uncertainty in the global outlook and muted inflation as their rationale for cutting rates. […]
The Dollar majors have been plying narrow ranges in early-week, pre-risk event trading. The resumption of person-to-person dialogue between the U.S. and China this week, and the FOMC, which starts tomorrow and concludes on Wednesday, are keeping market participants sitting on their hands for now, who are taking a circumspect view on the chances for […]
The Dollar advanced slightly through the N.Y. morning session on Tuesday, taking its cue from better U.S. personal earnings, consumption and confidence data. The Greenback eased back slightly after the London close, with position squaring interest noted ahead of Wednesday’s FOMC announcement. A 25 basis point cut is widely expected, though with the Fed likely […]
The Dollar has traded mixed, seeing fresh highs against the underperforming Pound, holding steady versus the Euro while losing ground to the Yen, which firmed up after the BoJ left policy settings changed, as expected, while maintaining its existing policy bias, which disappointed some who had been looking for something a more specific. Cable printing […]
The Dollar majors have been plying narrow ranges in early-week, pre-risk event trading. The resumption of person-to-person dialogue between the U.S. and China this week, and the FOMC, which starts tomorrow and concludes on Wednesday, are keeping market participants sitting on their hands for now, who are taking a circumspect view on the chances for […]