The Australian Dollar has underperformed so far today, dropping nearly 0.5% against the Yen, which remained an outperformed amid a backdrop of sputtering stock markets in Asia. AUD-JPY pegged a fresh five-month low at 74.77. AUD-USD concurrently printed a two-week low at 0.6904 and USD-JPY a three-day low at 108.16. The Aussie buck was dented […]
The Dollar has held net steady versus the Euro and Yen, paring intraday losses in the case against the latter, while AUD-CAD dropped quite sharply amid the juxtaposition of record lows in Australian sovereign debt yields and a Loonie-supporting 2.5%-plus rally in oil prices. AUD-CAD was showing over a 0.6% loss heading into the New […]
The Dollar gained a little traction in N.Y. on Thursday, with the DXY heading from opening lows of 96.90 to one-week highs of 97.08. The Greenback edged higher despite softer Treasury yields, which were helped lower by soggy import price data. We have seen gradual USD short covering in place this week, ahead of the […]
A modest risk-back-off theme descended, which drove a bid for Yen and offers for commodity currencies. The biggest mover out of the main Dollar pairings and associated cross rates we monitor has been AUD-JPY, which is an effective forex market barometer of risk appetite in global markets. The cross ebbed by over 0.3% in making […]
The Yen has seen a modest outperformance as a risk-back-off theme ensued in global markets, while the Dollar picked up bids at the expense of the Euro, which came under pressure after German and Portuguese auctions of 10-year paper produced record low yields. The Aussie and other commodity currencies saw moderate underperformance, correlating with declines […]
The Dollar came under pressure early in N.Y. trade on Wednesday, following a cooler core U.S. CPI outcome. The CPI print kept potential Fed rate cuts front and center, weighing on the Greenback generally. Later, a round of USD short covering stepped in, taking the DXY to highs of the week at 96.97, up from […]
The Dollar has settled to a consolidation of the gains seen yesterday against most other currencies, which were seen as the 10-year Treasury yield rose over 6 bp following the deal on immigration struck between the U.S. and Mexico. EUR-USD has been maintaining a narrow range in the lower 1.1300s after rotating lower from Friday’s […]
Sterling outperformance alongside Yen underperformance provided side themes to an otherwise directionally subdued day so far, with the Dollar for the most part consolidating the moderate gains seen yesterday. USD-JPY was floated by broad Yen weakness amid a backdrop of a continued relief rally in equity markets in Asia and Europe, which has seen some […]
The Dollar was range bound, but remained heavy overall in N.Y.trade on Tuesday, consolidating sharp losses seen since last week. Slightly cooler than expected May U.S. PPI weighed some on the Greenback, while a sputtering Wall Street didn’t help the USD either, as Treasury yields turned marginally lower. EUR-USD managed 1.1331 highs, after opening near […]
The Dollar took a rotation lower following an underwhelming May employment report out of the U.S. The narrow trade weighted USD index settled off lows by still with a 0.4% decline, at 96.56, which is an 11-week closing low. EUR-USD concurrently saw a Dollar-selling driven rally, which saw the pair finished at an 11-week closing […]
The Dollar took a rotation higher concomitantly with a 4bp-plus spike in the 10-year T-note yield following news that the U.S. and Mexico have reached a deal on migration, which allayed investor concerns on trade. The narrow trade-weighted USD index rallied by nearly 0.5% from Friday’s 12-week low in making a high earlier at 97.91. […]
The Dollar has rallied across-the-board in the wake of news that the U.S. and Mexico have reached a deal on migration, which in turn has allayed investor concerns on trade. The 10-year U.S. T-note yield has spiked over 4 bp, which in turn has generated a rotation higher in the U.S. currency. The narrow trade-weighted […]