The Dollar index rallied to near two-month highs of 98.16 in N.Y. morning trade on Monday, later easing back to 98.05 into the London close. There was little in the way of incoming U.S. data, with the only item on the docket being the Dallas Fed index, which improved slightly as expected. There was no […]
EUR-USD settled above the 25-month low seen last week at 1.1101, which was seen before the ECB policy announcement last Thursday, with its refrain from easing having buoyed the Euro somewhat. The big focus this week is on the Fed, with the two-day FOMC gathering concluding on Wednesday. With a 25 bp easing fully baked […]
The Dollar majors have become entrenched in narrow ranges after some choppy trading yesterday. The Euro has consolidated after rallying on the ECB’s refrain from cutting rates yesterday’s, though the central bank still shifted to an explicit easing bias, laying the groundwork for a comprehensive set of easing measures in September. The Dollar also found […]
The Euro has been in consolidated mode after rallying on the ECB’s refrain from cutting rates yesterday’s, though the central bank still shifted to an explicit easing bias, laying the groundwork for a comprehensive set of easing measures in September. EUR-USD, after rallying to a 1.1187 high in the wake of the ECB announcement yesterday, […]
The Dollar advanced in N.Y. trade on Friday, buoyed by a slightly better preliminary read on Q2 GDP. Word from White House adviser Kudlow, that the U.S. would not intervene to weaken the USD likely helped the unit higher. Trump has been concerned that trading partners may be manipulating their currencies to gain trade advantages. […]
The Dollar majors have settled in narrow ranges into the ECB’s policy meeting, with markets giving about 50% odds for the central bank producing a 10 bp rage cut today following yesterday’s manufacturing PMI disappointments in the Eurozone. The Euro went into a consolidation after declining sharply yesterday. EUR-USD settled in the lower-to-mid 1.1100s, holding […]
The Dollar firmed early in the session, led by EUR-USD’s decline to two-year lows of 1.1102. The move came following the ECB announcement, which revised forward guidance to say that rates will be at “present or lower levels”, at least through the first half of 2020, as widely expected. Later, the Euro rallied back to […]
The Dollar has consolidated recent gains for the most part, having been buoyed in recent sessions by a relatively more measured view in markets of Fed easing potential, along with the deal to end the U.S. budget impasse and amid the evident easing bias of other major central banks. In the mix has been news […]
The Dollar has traded mixed, but broadly underpinned after rallying for three consecutive days. The Euro took a hit on Eurozone PMI misses, which drove EUR-USD to a seven-week low at 1.1127 and EUR-JPY to a new near-seven-month low at 120.21. EUR-CHF also declined, though the cross has remained above the 24-month low seen yesterday […]
The Dollar was range bound in N.Y. trade on Wednesday, leaving the DXY inside of a 97.56 to 97.68 trading band. Incoming U.S. data saw mixed flash manufacturing and services PMI , and softer new home sales, though neither had much lasting impact on the USD. Wall Street and Treasury yields were lower, with earnings […]
The Dollar has posted fresh highs against the Euro, Yen, Pound, and other currencies, partly amid a more circumspect view in markets of Fed easing potential and partly as other central banks are heading in the direction of the stimulus spigot. The expected announcement later today confirming that Boris “no-deal Brexit” Johnson is the new […]
The Dollar has retained support, partly amid markets more circumspect view of Fed easing potential and partly as other central banks, most notably the ECB, are heading in the direction of the stimulus spigot, while the expected announcement later today confirming that Boris “no-deal Brexit” Johnson is the new prime minister of the UK is […]