The Dollar turned modestly lower through the N.Y. morning session, pulling back from one-week highs seen on Tuesday. The DXY bottomed at 97.17, after opening at session highs of 97.37. Softer U.S. housing starts data weighed some on the Greenback, as did a pullback in Treasury yields. EUR-USD ranged between 112.10 and 112.30, closing near […]
The main Dollar pairings have been trading in narrow ranges, of less than 15 pips for the most part, and less than 25 pips in the case of USD-JPY. AUD-USD drifted modestly lower following the release of the RBA minutes from the early July policy meeting, which affirmed the Board’s dovish bias. The pair posted […]
Better than expected U.S. retail sales helped Dollar sentiment in N.Y. on Tuesday, with the DXY printing one-week highs of 97.36. Better earnings from the likes of Goldman Sachs, JP Morgan, and Wells Fargo did little to lift Wall Street, as major indices remained on either side of flat for much of the session. Treasury […]
The Dollar has remained buoyant, posting fresh highs versus the Euro, Sterling and some other currencies. This comes amid some position readjusting with markets bracing for an incoming tide of Q2 corporate earnings results and a hefty slate of U.S. data releases this week, which will collectively paint an updated picture of the impact that […]
The Australian Dollar ticked higher following a net encouraging catch of data out of China today. This drove AUD-USD to a 12-day high at 0.7035. The NZD also lifted, with both currencies having China proxy status. The data showed Q2 GDP slowing to a 27-year low of 6.2%, as expected, while industrial output and retail […]
The Dollar has been consolidating declines seen during the latter half of last week. EUR-USD has been holding a narrow range near the 1.1275 mark, holding comfortably above last Tuesday’s four-week low at 1.1193. USD-JPY has been trading on either side of 108.00 in quiet conditions with Japanese markets were closed for a public holiday […]
The Dollar moved modestly higher in N.Y. trade on Monday, taking the DXY to highs of 96.97 from 96.75 lows seen into the open. The index remains well under last week’s July high of 97.59. A better than expected Empire State index helped USD sentiment to a degree, prompting some short covering from Friday’s one-week […]
The USD traded softer heading into the London interbank open, retracing from of the gains seen yesterday following a near 10 bp spike in the 10-year U.S. T-note yield, which touched a one-month high at 2.143%. This came as the S&P 500 and DJIA hit record highs. The narrow trade-weighted USD index (DXY) ebbed to […]
The USD picked up bids during the London AM session after posting intraday lows in pre-Europe trading. EUR-USD ebbed to the 1.1255 area, down from the intraday high at 1.1275, leaving yesterday’s eight-day high at 1.1285 unchallenged. Above-forecast May Eurozone production data had only a fleeting impact on EUR-USD, though the Euro ground out gains […]
The Dollar peaked early in the N.Y. session on Friday, reacting positively to the slightly warmer U.S. PPI outcome. From there, the USD turned modestly lower, taking the DXY from 97.08 to 96.84. Wall Street moved higher again, with major indices printing all-time highs. EUR-USD bottomed at 1.1238, later bouncing to 1.1268. USD-JPY fell from […]
OVERVIEW The greenback is trading flat across the board with a bias for safe-haven currencies USD/CAD takes a breather before a challenge on the 1.30 mark WTI Crude oil price steadies around $60 a barrel with a focus on Chinese economic data
The USD posted fresh lows during the pre-Europe session in Asia as markets continued to readjust Fed easing expectations in the wake of Chairman Powell’s testimony yesterday, which was consistent with a 25 bp rate cut at the end of this month with an addendum stipulating that the Fed has the tools needed and could […]