The Dollar has consolidated after rallying late yesterday on the back of Fed Chairman’s hawkishly interpreted remarks, where, to recap, he cited possible transitory factors behind the current lower than trend inflation while adding that global growth and Brexit risks have dissipated. EUR-USD consolidated lower, near 1.1200, following the dive from yesterday’s post-Fed statement high […]
The Dollar saw a rotation higher after initially dipping on a dovishly interpreted FOMC statement, picking up after Fed Chairman Powell cited possible transitory factors behind the current lower than trend inflation. Powell also said global growth and Brexit risks have dissipated. EUR-USD fell from a post-Fed statement high of 1.1264 to a post-Powell low […]
OVERVIEW The US dollar resumes its upward movement, buoyed by a positive economic assessment from the Fed The Euro is dangerously approaching key 1.12 levels following soft PMI reports NYMEX WTI crude oil slumps lower, down 2.30% on the day
The Dollar dropped in N.Y. on Tuesday, taking the DXY to six-session lows of 97.44 from 97.65 at mid-morning. Risk-off conditions were in effect, and yields slipped some. Recent U.S. price data have been soft, which along with prospects for a dovish FOMC on Wednesday, may be behind the Greenback’s recent soft patch. Incoming data […]
The Dollar majors have been plying narrow ranges so far today, with volumes low amid Labour Day holidays, which has closed China and Hong Kong, along with Singapore and others, while Japan has remained out for its week-long Golden Week hiatus. All the the main dollar pairings and associated cross rates that we keep tabs […]
The Dollar has continued to soften in thin markets today, with many centres in Asia and Europe out for the Labour Day holiday. EUR-USD lifted to an eight-day high at 1.1239, marking the fourth consecutive up day, extending the rebound from the 23-month low seen last Friday at 1.1111. Firmer than expected data out of […]
OVERVIEW The Greenback is trading flat ahead of FOMC and employment data The British Pound waits on a signal from the Bank of England and tedious Brexit negotiations WTI crude oil continues its southbound move, losing 0.75% this morning
The Dollar headed lower again in N.Y. on Monday, weighed down partly by cooler PCE chain prices, and partly by continued profit taking following the near two-year highs seen last week. Income data was a bit soft, though spending beat consensus. The DXY slipped under 97.85 from 98.10 highs. EUR-USD topped at 1.1186 opening near […]
A risk-off theme has taken a hold, which has driven AUD-JPY, a forex market proxy on risk appetite in global markets, 0.5% lower as AUD-USD sank to a two-session low at 0.7034 and USD-JPY to a three-week low at 111.35. Stock markets across Asia have continued to sputter today, this time following disappointing manufacturing PMI […]
The Dollar has come under pressure, led by broad Euro gains following a set of bullish data leads out of the Eurozone, along with USD-JPY declines as the Yen picked up safe haven demand as stock markets in Europe and Asia sputtered. Disappointing manufacturing PMI data out of China, along with earning misses from Samsung […]
OVERVIEW The greenback is trading with a negative bias as the FOMC meeting starts GBP/USD moved to an eight-day high on general dollar weakness and now waits for the Bank of England WTI crude oil halts its slide to trade around $64.20 a barrel
The Dollar bloc currencies have posted gains in the wake of the strong 3.2% y/y U.S. Q1 GDP figure on Friday, which was added to today by a rise in March Chinese industrial profits after a four consecutive months of contraction. S&P 500 and NASDAQ hit fresh record highs on Wall Street on Friday, and […]