The Dollar has traded softer so far today, though magnitude of movement has been limited. The Yen also weakened against most currencies, with USD-JPY holding steady in the mid-to-upper 111.0s. Volumes have been thin in the absence of Tokyos, which will remain closed for the remainder of the week for Japan’s Golden Week holidays. EUR-USD […]
OVERVIEW Q1 GDP increased by 3.2% according to advanced estimates EUR/USD consolidating near recent lows waiting for Spanish elections WTI crude oil loses 1.70% to slide to $64.10 a barrel
The Dollar rallied momentarily following the stronger U.S. Q1 GDP report, though quickly turned lower, as the sharp gains were largely to do with inventory and trade figures, which bumped up growth, likely to be reversed in Q2. In addition, the price index fell sharply, weighing on Treasury yields, and the Greenback. EUR-USD bottomed at […]
OVERVIEW The Dollar Index is trading at its highest level since April of 2017 EUR/USD slides lower on soft data and growing economic uncertainty WTI crude oil settles near six-month high as the market continues to rebalance
OVERVIEW The Dollar Index is trading at its highest level since April of 2017 EUR/USD slides lower on soft data and growing economic uncertainty WTI crude oil settles near six-month high as the market continues to rebalance HIGHLIGHT
The Dollar retreated from near two-year highs in N.Y. on Thursday, getting a nudge to highs early following a stronger U.S. durable orders report. Gains were short lived however, as the market apparently decided to use the fresh high as a reason to book profits. The DXY fell from 98.32 to 98.03 lows by late […]
The Dollar majors have been plying narrow ranges so far today, with both the Dollar and Yen consolidating of their respective gains seen against most other currencies this week. The U.S. currency has been buoyed by relatively good data, including yesterday’s much stronger than expected 2.7% rise in durable orders data, and with markets expecting […]
The Dollar has mostly consolidated recent gains in narrow ranges as markets anticipate U.S. GDP data later. The Australian dollar, which has underperformed the other main currencies this week, staged a partial recoupment of ground lost this week, with AUD-USD and AUD-JPY leading the way with gains of 0.3-.4%. Both the pair and the cross […]
The Dollar has consolidated after running higher yesterday. The narrow trade-weighted USD index settled under the 22-month high printed at 98.19, while EUR-USD concurrently settled around 1.1150, above the 22-month low seen yesterday at 1.1140.USD-JPY retreated back under 112.0 after yesterday running to a four-month high at 112.40. The peak was product of broad run […]
The Dollar index vaulted to near two-year highs in N.Y. on Wednesday, taking the DXY over the 98.00 mark for the first time since mid-May of 2017. Cool Australia CPI, weak German Ifo data, and a dovish tilting BoC all contributed to the Greenback’s strength. There was no data today, and Wall Street took a […]
The Dollar and Yen have rallied against most other currencies, with the latter outperforming as stock markets in Europe and Asia sputtered, driving USD-JPY back under 112.00 and down from the four-month peak seen at 112.40 late yesterday. The biggest movers were EUR-JPY, GBP-JPY and AUD-JPY, which were all registering between 0.4% and 0.5% declines […]