OVERVIEW The US dollar maintains a firm tone despite retail sales missing market consensus The British Pound suffered a 0.5% drop as PM May insists on bringing the “Old Plan” for a new vote NYMEX WTI crude drops 1% on lower demand and soft Chinese data
The London AM session went from risk-on to risk-off, the later phase of which saw the Yen and other safe havens rise while currencies and assets with high-beta performance characteristics came under pressure. A 16-year low in retail sales in China, alongside a moderation in industrial production data, helped rekindle risk aversion in global markets. […]
The Yen has softened today amid a modest correction in risk-off positioning in forex markets, which has been concomitant with a 0.4% rebound in S&P 500 futures after the cash version of the index closed on Wall Street with a 2.4% loss. Asian equity markets are mostly showing declines, though most have pared steep losses […]
The DXY fell to near one-month lows of 97.04 in early N.Y. trade on Monday, though later rallied to 97.32 as safe-haven flows into the Greenback kicked in. China’s retaliation to the upped U.S. tariffs, drove the FX market. EUR-USD peaked at 1.1263 early on, later pulling back to 1.1228 lows. USD-JPY fell to new […]
OVERVIEW Dollar Index attempts a recovery after US President signals deal still possible The British pound is still suffering from Brexit indecision, despite strong job numbers NYMEX WTI crude jumped 60 cents on geopolitical risk and trade tensions.
The Dollar has been trading mixed, gaining versus the Yen and Swiss franc, both of which have underperformed as safe haven premiums unwind following some conciliatory-sounding remarks from President Trump yesterday, while losing ground to the Dollar bloc currencies and holding near net unchanged levels versus the Euro. USD-JPY lifted 0.4% to an intraday high […]
The Yen and Swiss Franc have gained while the Dollar bloc and many other currencies with higher beta performance characteristics, such as most developing-world currencies, have declined, albeit on relatively moderately so far. This has been concomitant with a declines in global equity markets following frosty rhetoric from both U.S. and Chinese officials. USD-JPY settled […]
The Yen has remained buoyant while the Dollar bloc and other currencies with a higher beta characteristic have weakened amid a risk-off sentiment. Relations between the U.S. and China on trade remain fraught; the U.S. on Sunday demanded promises of concrete changes to Chinese law, while Beijing said it would not take “bitter fruit” that […]
OVERVIEW China retaliates against US import taxes and Trump tweets with $60 billion worth of tariffs on Chinese imports Dow sinks by over 500 points, other stock markets drop sharply GBP remains somewhat steady during ongoing Brexit talks. MPs remain hopeful of an inter-party solution HIGHLIGHT
The Dollar fell some after the cooler U.S. CPI outcome, taking the DXY to three-week lows of 97.14, from 97.39 into the open, though later recovering some as Wall Street pared early losses. EUR-USD printed highs of 1.1253 before pulling back to 1.1230, while USD-JPY touched 109.47, then rallied to 109.90. USD-CAD fell early on […]
OVERVIEW Investors are switching to safe haven currencies with new tariffs looming GBP/USD trades around 1.30 handle ahead of UK GDP data NYMEX WTI crude oil steadied around $61.50 a barrel, applying pressure on commodity-linked currencies
The Dollar index fell to seven-session lows of 97.24 in N.Y. on Thursday, coming from opening highs of 97.63. Incoming data was a bit softer than expected, with core PPI a bit cooler, jobless claims a bit higher, and the trade deficit a bit wider. Focus remained on the risk backdrop, where U.S./China trade spat […]