OVERVIEW The greenback freed itself from the shackles of poor NFP, trading higher against G-10 currencies USD/CAD is in a consolidation mood, after tripping over key technical levels. Risk-on sentiment weighs down gold as it loses 0.85%
OVERVIEW The greenback freed itself from the shackles of poor NFP, trading higher against G-10 currencies USD/CAD is in a consolidation mood, after tripping over key technical levels. Risk-on sentiment weighs down gold as it loses 0.85%
The Dollar chopped around inside of relatively narrow ranges through the N.Y. session on Monday, with the DXY moving between 96.74 and 96.93. Risk-on conditions were back in play following the U.S. dropping its tariff threat on Mexico. Treasury yields rose with Wall Street, though the pricing in of Fed rate cuts kept USD gains […]
The Dollar majors have been plying narrow ranges so far today. EUR-USD has settled in the mid 1.1200s after some relatively choppy trading over the last couple of days, which has seen the pair twice beaten back down from brief forays above 1.1300. USD-JPY has concurrently settled in the mid 108.00s, holding below the eight-day […]
The Dollar has been trading mixed narrow ranges into the U.S. jobs report release, gaining on the Yen and Swiss Franc, which weakened as safe-haven premiums further eroded, while posting modest gains versus the Euro and Australian Dollar. Sterling was a marginal outperformer during the London AM session, with Her Majesty’s currency poised to make […]
OVERVIEW The US Dollar Index crashed to its lowest level in 10 weeks as Non-Farm Payrolls missed estimates The Canadian loonie strengthened by 0.5% on steady employment gains Gold adds nearly $10, and the market remains cautious on trade and geopolitical risks
The Dollar has consolidated at moderately lower levels after rising during the New York PM session yesterday, while the Yen saw some chop, rotating higher during the Asian session, where stock markets sputtered, led by a 0.9% closing loss in China’s CSI 300 index, before rebounding some during the European AM session, when European stocks […]
The Yen has appreciated as stock markets returned to sputtering mode after U.S. and Mexico failed to reach a deal to avert proposed tariffs, with President Trump saying that “not enough” progress has been made on ways to limit migration. Talks between the U.S. and Mexico are due to resume later today, which looks to […]
OVERVIEW The US Dollar Index returns to negative territory amidst broad-based dollar weakness. USD/CAD sheds more gains and returns to old trading ranges ahead of jobs data. Gold is shining ever brighter, up by 0.25% with trade tensions deepening.
The directional performance of the main currencies can so far today be divided up between the losers, which were the Dollar and safe-haven Yen and Swiss Franc units, and the winners, which were the Euro along with the Australian, New Zealand and Canadian Dollars. The Pound also held up well, with both the UK and […]
The Dollar has continued to soften against most other currencies amid a recovery in risk appetite in global markets and associated bubbling in expectations for the Fed to loosen monetary policy before the year is out. The narrow trade-weighted USD index has printed a fresh seven-week low at 96.96. EUR-USD has remained buoyant after posting […]
OVERVIEW The US Dollar is trading lower across the board, weighed down by dovish comments from Fed Chair Powell USD/CAD ignores sliding oil prices and drops to a two-week low. Gold continues to increase, adding 13 dollars to trade near $1340 an ounce. HIGHLIGHT The EUR/USD pair climbed to a two-month high, carried by a […]