OVERVIEW The greenback is under selling pressure ahead of this week’s G20 meetings. The Canadian loonie continues to strengthen against the US dollar, backed by higher WTI crude oil prices. Gold prices move north of $1,400 amidst growing tensions between the US and Iran.
The DXY fell to three-month lows into the N.Y. open on Monday, later recovering to 96.18 before heading lower again. Treasury yields remained under pressure, with the 10-year note rate holding just over the key 2.00% mark. A softer Dallas Fed index weighed on Dollar sentiment as well. EUR-USD briefly topped the 1.1400 mark, before […]
USD-JPY fell for a third day and posted a fresh five-month low at 107.04. A combo of ramped-up expectations for Fed rate cuts, coupled with a rekindling risk-off vibe in global markets amid concerns about the escalation in U.S.-Iran tensions, pushed the pairing lower. While Wall Street closed higher yesterday amid the continued glow of […]
The Dollar index fell to three-month lows of 96.25 in N.Y. trade on Friday, opening the session near 96.65. Fallout from Wednesday’s dovish FOMC outcome remained a driver, though Treasury yields managed small gains after stronger U.S. housing data. EUR-USD advanced to 1.1368 from early lows near 1.1300. USD-JPY traded to highs over 107.70, later […]
The Dollar majors have been trading mixed, with the U.S. currency itself consolidating, on net, following a two-day phase of underperformance. EUR-USD lifted out of the intraday low at 1.1283 at the trigger of forecast-beating flash June PMI estimates out of Germany and France, which drove the June flash Eurozone Composite PMI to a seven-month […]
The Dollar has rotated lower after the Fed span dovish in its guidance following the FOMC meeting. The USD index has dropped by 0.7% from pre-announcement levels to a low at 96.278, seen earlier in the pre-Europe Asian session, while EUR-USD has concurrently rallied by over 0.5% in making a six-day high at 1.1284. The […]
The Dollar extended losses that were ignited by the Fed’s dovish guidance yesterday. The USD index hit an eight-day low at 96.68, extending the decline from pre-Fed announcement levels to comfortably over 0.5%. EUR-USD concurrently posted a high at 1.1306 so far, the loftiest level seen sine June 12. USD-JPY hit a five-month low at […]
The Dollar attempted to rally in morning trade, as Wall Street surged on spillover FOMC dovishness and mixed incoming data. The Greenback pulled back later, as stocks faded some,and Treasury yields remains soft, taking the 10-year rate under 2.00%. EUR-USD topped at 1.1315 early, later bottoming at 1.1271, then edging back over 1.1290. USD-JPY peaked […]
OVERVIEW The greenback is unable to arrest its broad-based decline after the Fed’s dovish interest rate hold The Canadian loonie jumps higher, fuelled by strong crude oil prices. WTI crude is up by 4.5%, to trade near $56.50 a barrel on growing geopolitical risks.
Narrow ranges have been prevailing among the main currencies, despite Wall Street closing strongly higher, the MSCI Asia-Pacific index hitting five-week highs, the 10-year Bund yield hitting a record low, and a the 10-year U.S. note yield printing a its lowest closing level in 21 months. USD-JPY has drifted moderately lower, to levels around 108.35 […]
The Dollar has seen moderate softness against the Euro, Yen and Sterling, among other currencies, while holding net steady against the Dollar bloc units, in what has been subdued pre-Fed announcement trading in forex markets. EUR-USD nudged above 1.1200, lifting out of the 16-day low seen yesterday at 1.1181, which was the product the eyebrow-raising […]
OVERVIEW The greenback is trading flat against most major currencies as the Fed starts two days of meetings. Canadian inflation surprises to the upside, boosting the loonie to a two-day high. Profit-taking trading activities weighing on Gold, down $2.50 an ounce.