Both the Dollar and Yen have traded generally firmer, the former underpinned by a rise in U.S. yields, particularly a relatively sharp spike in the 2-year note yield, after Fed’s Brainard said that “opportunistic reflation” could be encouraged by allowing inflation to run above the 2% target for some years, and the latter by risk […]
The Dollar posted fresh highs against the Euro, Sterling, which saw fresh selling on Brexit news, and the Australian Dollar, among other currencies, extending gains seen after Fed’s Brainard’s said yesterday that “opportunistic reflation” could be encouraged by allowing inflation to run above the 2% target for some years. The Yen has also been firming, […]
OVERVIEW The British Pound Plummets to a four-month low after Brexit cross-party talks break down. The US dollars keeps a firm tone, shrugging off reports that US-Sino trade talks are off the table NYMEX WTI crude adds 25 cents or up 0.45% to settle $63.50 a barrel
Currencies have seen little direction for the most part so far today. AUD-USD was an exception, dipping to a fresh four-month low at 0.6892 following sub-forecast Australian employment data. The pair subsequently recouped above 0.6900. EUR-USD idled near 1.1200, above the one-week low seen yesterday at 1.1178, and USD-JPY plied a narrow range near 109.50, […]
The Dollar was mixed in early N.Y. trade, seeing EUR-USD down at 1.1182 lows from London morning highs of 1.1217. News that the U.S. would delay imposing auto tariffs for 6-months saw that pairing rally back to 1.1224. USD-JPY was heavy, bottoming at 109.15, though later getting a lift from the rebound on Wall Street. […]
The Dollar has been trading mixed, losing ground to the Canadian Dollar, which has outperformed amid fresh gains in oil prices on Middle East tensions, while posting fresh trend highs against the Australian Dollar following an unexpected rise in the Australian jobless rate, and the Pound, which continued on a Brexit-related losing streak.
OVERVIEW The DXY Index near a two-week high on the back of optimism within the manufacturing sector GBP drops to three-month low as PM May ignored calls for her resignation NYMEX WTI crude gains nearly 1.50%, injecting support to the loonie
OVERVIEW The DXY Index near a two-week high on the back of optimism within the manufacturing sector GBP drops to three-month low as PM May ignored calls for her resignation NYMEX WTI crude gains nearly 1.50%, injecting support to the loonie
OVERVIEW The DXY Index near a two-week high on the back of optimism within the manufacturing sector GBP drops to three-month low as PM May ignored calls for her resignation NYMEX WTI crude gains nearly 1.50%, injecting support to the loonie
OVERVIEW The DXY Index near a two-week high on the back of optimism within the manufacturing sector GBP drops to three-month low as PM May ignored calls for her resignation NYMEX WTI crude gains nearly 1.50%, injecting support to the loonie
The Dollar firmed up some in N.Y. on Tuesday, taking the DXY from 97.31 opening lows to 97.54. Wall Street rebounded, though Treasury yields didn’t move much higher, capped by cool import and export price data. EUR-USD tested the 1.1200 mark, though was unable to break down. USD-JPY meanwhile, perked up some with Wall Street, […]
The Dollar majors have mostly been trading steadily, holding within respective Tuesday ranges. One exception was AUD-USD, which edged out a new four-month low at 0.6922, which reflected Aussie Dollar weakness as markets reacted to soft Chinese data today. China’s April industrial production decelerated from the four-and-a-half-year high seen in March while China’s retail sales […]