The Dollar advanced modestly in N.Y. trade on Tuesday, taking the DXY to four-session highs of 97.96, up from 97.72 lows seen early in the session. A better than expected consumer confidence outcome supported the Greenback some. EUR-USD slipped toward 1.1160, from pre-open highs of 1.1198. USD-JPY made it over 109.61 from two-week lows in […]
Risk-off positioning have unwound some more in the forex markets, with the Dollar, Yen and Swiss Franc all losing ground to most of the main currencies today. A rally of over 0.5% in AUD-JPY has led the way, which has extended the rebound-form-trend lows seen late last week. The cross hit a three-day high at […]
Conditions have been thin in the absence of London markets and with the U.S. off today. The Euro traded firmer, with EUR-USD having edged out an 11-day high at 1.1215, while EUR-JPY and EUR-CHF concurrently recouped recently lost ground. EUR-GBP, in contrast, descended to a five-day low as the Pound rebounded from recent trend lows. […]
The Dollar, Yen and Swiss Franc have softened amid a hiatus in the risk-off theme that dominated markets yesterday. Sentiment remains fragile, though. The MSCI Asia-Pacific (ex-Japan) equity index still managed to carve out a fresh four-month low at the intraday low, before recovering a little, with the main Chinese indexes showing fractional gains. The […]
The Dollar index rallied to two-year highs in early N.Y. trade on Thursday, with gains coming on the back of safe-haven flows into the Dollar as a result of ongoing trade war concerns. Weakness in May flash manufacturing and services PMIs later prompted a sharp round of profit taking related USD selling, resulting in the […]
OVERVIEW The US Dollar slides lower as trade tensions start to bite the economy The British Pound holds steady ahead of a volatile session after the PM announces her departure date (June 7th) NYMEX WTI crude plunges below $60 a barrel after heavy selling pressure
A rally in Sterling interrupted an otherwise directionally-limited London AM session in the forex market. The spark was the resignation announcement of Prime Minister May, who will step down on June 7th, after President Trump’s three-day state visit. Cable sprang about 0.5% higher in posting a 1.2718 high, which extending a rebound from the near […]
The Dollar came under pressure again in N.Y. on Friday, taking the DXY to seven-session lows of 97.55, after touching two-year highs of 98.37 on Thursday.Weaker PMI data on Thursday was a major weight on the Dollar then, and a soft durables report Friday did further damage to the Greenback. EUR-USD topped at 1.1212,up from […]
A lack of data, and relatively uneventful risk-backdrop saw the Dollar dip in early trade, then recover to near unchanged into the close. EUR-USD ranged between 1.1180 and 1.1151,ending near 1.1160. USD-JPY was range bound settling near 110.35, while USD-CAD rallied to 1.3435 on weaker oil prices, after bottoming at 1.3358 following strong Canada retail […]
The main currencies have traded with limited directional bias, on net, so far today. The FOMC minutes weren’t perhaps quite as dovish as some market participants were anticipating, which inspired a modest rise in the dollar. The minutes showed that “many” believe downside risks had abated, and that low inflation was likely “transitory,” though “several” […]
The Dollar has traded firmer against most currencies fo far today, with the exceptions of the Yen and Swiss Franc, which outperformed on a rekindled safe-haven bid as European and Asian stock markets, and U.S. equity index futures, turned quite sharply lower. The narrow trade-weighted USD index lifted to a one-month high of 98.26, while […]
OVERVIEW The US Dollar is struggling to hang onto recent gains near a 24-month high against the major currencies. Soft PMI reading puts the Euro under pressure, down by 0.4% on the day NYMEX WTI crude drops below $60 a barrel with trade tensions applying the brakes to the global economy