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 […]
A very weak ADP employment report saw the Dollar head lower in early N.Y. trade on Wednesday, though a pick up in risk taking levels, and a stronger services ISM saw the unit recover later in the session. EUR-USD peaked at 1.1306, later falling back under 1.1240. USD-JPY hit trend lows of 107.82, before rallying […]
The Dollar has remained heavy with markets in-process of discounting a 25 bp cut in the funds rate as soon as September, if not earlier. This, for now, is offsetting the dollar’s safe haven credentials, with global equity markets sputtering rather than falling precipitously in the face of ratcheting trade tensions. The narrow trade-weighted USD […]
OVERVIEW The greenback is attempting a mini-recovery, up by 0.1% against G-10 currencies despite negative sentiment catching up with the market USD/CAD returns inside familiar ranges buoyed by higher oil prices and general weaker USD sentiment Gold climbs to a four-month high as investors seek safe assets
The Dollar has posted fresh lows against the Euro, Yen and a number of other currencies. A rebound in European stock markets and S&P 500 futures after a mixed session on Asian bourses enabled forex markets to focus on the Dollar-negative narrative of strengthening expectations for the Fed to cut rates as soon as September. […]
The Dollar pulled back some following Fed chair Powell headlines, where he said the Fed is prepared to act appropriately to sustain the U.S. economic expansion. He also said the Fed remains concerned over cool inflation figures. The comments were taken with a dovish slant, sending EUR-USD over 1.1265 from 1.1240, and USD-JPY to 107.99 […]
OVERVIEW The greenback is trading with weaker footing against most G-10 currencies as currency markets wait on trade deadlock USD/CAD moves back to around 1.35 post, driven by better performance in the crude oil market. NYMEX WTI crude prices started firmly, up 1.25%, after what might be called a May horror show
The Dollar has traded mostly lower, losing ground to the Yen and Swiss Franc, while posting a six-day low versus the Euro. Stock markets in Europe and Asia have been under pressure, though moderately so, while S&P 500 futures declined by 0.5% in overnight trading. The overall vibe in globals remains one of caution. PMI […]
Dollar losses accelerated after Fed’s Bullard said a rate cut could be warranted soon. EUR-USD, which had rallied to 1.1225 from near 1.1180 early in the session, ran up to new three-week highs of 1.1250, while USD-JPY fell to fresh trend lows of 108.06. USD-CAD fell under 1.3450, while GBP-USD topped over 1.2665, up from […]
The Yen has rallied sharply after President Trump threaten to hit Mexico with high tariffs if it failed to do what he considers its part in dealing with surge in immigrants attempting to cross the border into the U.S. USD-JPY dove over 0.7% in making a four-month low at 108.78. AUD-JPY tumbled to a five-month […]
The safe-haven Yen rallied sharply while the Mexican Peso plunged precipitously after President Trump vowed to hit Mexico with a 5% tariff and threatened higher tariffs if it failed to do what he considers its part in dealing with surge in immigrants attempting to cross the border into the U.S. USD-JPY dove about 0.8% in […]
The Dollar headed lower in N.Y. on Friday, with USD-JPY losses pacing the losses. Incoming data was mostly positive, though the risk-backdrop crumbled following Trump’s announcement he would slap tariffs on Mexican goods if the country did not stem the flow of migrants to the U.S. Wall Street was sharply lower, and Treasury yields fell […]