The Australian Dollar rallied strongly after the RBA refrained from cutting interest rates, instead leaving the cash rate at 1.50% following its policy review today. There had been speculation for the central bank to cut by 25 bp following unexpectedly soft Q1 CPI data, though the proximity of the May-18 federal election looks to have […]
OVERVIEW The greenback remains subdued as the market waits for US-China trade talks to progress GBP/USD trades with a slightly negative tone ahead of new Brexit developments NYMEX WTI crude oil resumes slide and is down 1% on the day
The Yen rotated higher as a risk-off sentiment prevailed in early-week trading after President Trump twittered-threatened China that the U.S. will high tariffs on $200 bln worth of Chinese goods this week and target hundreds of billions more soon. This sent stock markets tumbling, led by a 5.8% rout of China’s CSI 300 index. S&P […]
A risk-off theme took a grip in markets, which underpinned the Yen. Conditions were thin with London markets closed for a UK public holiday. The Japanese currency rotated higher during the Tokyo session as stock markets tumbled after President Trump twittered-threatened China that the U.S. could hike tariffs on $200 bln worth of Chinese goods […]
OVERVIEW The Dollar Index is up 0.2% on a light economic calendar EUR/USD is searching for a new direction, consolidating around the symbolic 1.12 level NYMEX WTI crude oil bounced off the $60 a barrel mark but remains under pressure
OVERVIEW The US Dollar Index moved higher after non-farm payroll data (263,000 jobs created) exceeded market expectations of 181,000 The Euro dropped below the key 1.12 rate as the euro bloc coming to a stall NYMEX WTI crude oil resumes its slump, approaching key $60 a barrel
The Dollar turned briefly higher in N.Y. on Friday, taking a knee-jerk jump higher following the much better non-farm payrolls print. A miss in hourly earnings and average earnings however, saw yields pull back, and the Greenback correct lower as well. In addition, a drop in the services ISM weighed on the USD. The DXY […]
The Dollar rallied modestly in N.Y. on Thursday, with fallout from Fed chair Powell’s “transitory” inflation comment on Wednesday supporting Treasury yields and the Greenback. The DXY made its way to 97/85 highs from opening levels of 97.59. Incoming data were mildly supportive, with jobless claims a bit higher than expected, while Q1 productivity was […]
The Dollar has remained underpinned amid expectations for a solid U.S. April employment report later today, while the Australian and New Zealand Dollars underperformed as market anticipate that both the RBA and RBNZ will cut interest rates at their respective May policy meetings next week. The Euro, meanwhile, also remained a target of dollar bulls, […]
The Dollar has remained underpinned amid expectations for a solid U.S. April employment report later today, while the Australian and New Zealand Dollars underperformed as markets anticipate that both the RBA and RBNZ will cut interest rates at their respective May policy meetings next week. The Euro, meanwhile, posted fresh lows against a number of […]
OVERVIEW The US dollar is trading flat relative to other G10 currencies GBP/USD keeps a strong tone against the greenback, trading near new 10-day high WTI crude oil is supported at $64 a barrel with risks brewing in Venezuela HIGHLIGHT The British Pound is trading near a new 10-day high against the greenback buoyed by […]
The Dollar ended higher in N.Y., but lost ground ahead of the FOMC on the back of softer manufacturing ISM and construction spending data. The Greenback did not get much of a bounce from the better ADP jobs report, as traders played defense ahead of the Fed. After the FOMC announcement, the Dollar chopped around […]