The Dollar headed higher in N.Y. trade on Tuesday, lifting the DXY to a better than one-month high of 97.71, up from opening lows of 97.47. The USD rallied despite softer incoming U.S. data, with both existing home sales sand the Richmond Fed index missing the mark. EUR-USD headed down to levels last seen at […]
The Dollar has remained underpinned amid the scaling back in Fed easing expectations, which look to have settled on a 25 bp cut at the upcoming FOMC rather than a 50 bp move. The narrow trade-weighted USD index (DXY) rose fractionally, to 97.24, but remained below Friday’s peak at 97.29. EUR-USD has made time in […]
The Dollar has remained underpinned amid a scaling back in Fed easing expectations, which look to have settled on a 25 bp cut at the upcoming FOMC rather than a 50 bp move. The narrow trade-weighted USD index (DXY) has risen fractionally, to 97.24, but has so far remained below Friday’s peak at 97.29. EUR-USD […]
The Dollar was little changed overall in N.Y. trade on Monday, with the major pairings remaining inside of a narrow trading band. The DXY topped at 97.27, up from early lows of 97.18. There was no market moving data. Wall Street was narrowly mixed, while Treasury yields were a touch lower. EUR-USD bottomed at 1.1207, […]
The Dollar found a footing after weakening during the New York PM session yesterday. The narrow trade-weighted USD index (DXY) has settled around the 96.85 mark, up from the 16-day low seen late yesterday at 96.67, which was the culmination of a 0.6% decline. The low was seen as U.S. Treasury yields hit two-week and […]
The Dollar settled at firmer levels after the New York walked back the dovish remarks of Williams yesterday. The narrow trade-weighted USD index (DXY) was showing a near 0.3% gain heading into the New York interbank open, at 97.02, up from the 16-day low see late yesterday at 96.67. At the close yesterday, Fed funds […]
The Dollar has traded softer amid a reappraisal for the chances of the Fed entertaining an outsized 50 bp rate hike at the upcoming FOMC meeting, which has been concomitant with a WSJ report suggesting that trade negotiations between the U.S. and China are at a “standstill.” This was followed by fresh evidence of the […]
OVERVIEW Better-than-expected retail numbers in the UK are giving sterling much-needed support EU Chief Negotiator Michel Barnier signalled a willingness to discuss terms on the Irish backstop Stock markets, the price of gold, and crude oil prices are mostly down in today’s trading HIGHLIGHT
The Dollar rebounded after printing fresh lows against the Euro, Yen and a number of other currencies in early European trading. This saw EUR-USD correct to around 1.1210 from the two-day high seen earlier at 1.1243. A rekindling in expectations for the Fed to entertain an outsized 50 bp rate hike at the upcoming FOMC […]
The Dollar attempted to rally in N.Y. on Thursday following in-line jobless claims, and a stronger than expected Philly Fed index, though later faded as Wall Street sold off and Treasury yields pulled back from highs. The DXY opened at 97.16 lows, rallied to 97.25 highs, before fading to 97.13. EUR-USD bottomed at 1.1215 after […]
EUR-USD edged out a fresh eight-day low at 1.1199 in early London trading before settling back in the lower 1.1200s, with an upward revision in Eurozone June HICP data giving the euro some buoyancy. The low had been the product of dollar, which was given a boost yesterday following above-forecast industrial production and retail sales […]
The Dollar has settled to a consolidation at modestly lower levels after rallying yesterday. The narrow trade-weighted USD index (DXY) has steadied around 97.35, down from the one-week high seen yesterday at 97.55, though remaining higher by a net 0.6% on the week so far. EUR-USD has settled in the lower 1.1200s, above the eight-day […]