OVERVIEW The US dollar is trading within familiar ranges against other major currencies AUD rebounds 0.5% following the release of dovish minutes from the RBA WTI crude oil oscillates around $63.50, and gold is sliding lower, cracking below the $1,300 level.
The Dollar majors have continued without much directional bias, though the Australian and Canadian Dollars posted moderate gains while the Kiwi buck came under pressure following sub-forecast CPI data out of New Zealand. NZD-USD printed a three-month low at 0.6667 before recouping back above 0.6700, rising on the coattails of gains in the Aussie dollar […]
The Dollar has traded mixed amid a variety of cross-currents. One theme was Euro outperformance, which saw EUR-USD match, although not surpass, last Friday’s three-week high at 1.1323, while EUR-JPY printed a six-week high at 126.80 and EUR-GBP a four-week peak, at 0.8681. EUR-CHF has also continued a recovery from the eight-month low seen in […]
OVERVIEW The Dollar Index is trading flat against the major currencies GBP is the strongest currency today as the market continues to price in a breakthrough WTI crude oil steadies near $63.50, after reaching its highest level for the year.
The main currencies have continued to see little directional bias for the most part, which has been seen against backdrop of buoyant global stock markets. The narrow trade-weighted USD index is near flat on the day so far, at 96.92, continuing a consolidation of declines seen last week. In equity markets, while the main U.S. […]
The Dollar bounced from overnight lows, taking the DXY to 96.95 from 96.80 lows at the open. Major Dollar pairings were range bound, though overall supported by a better Empire State index, and by some save-haven USD buying on the back of largely risk-off conditions. EUR-USD dipped briefly under 1.1300, then steadied just over the […]
The Dollar has traded mostly firmer so far today. The biggest movement has been against the Australian Dollar, after the minutes to the early April RBA meeting showed that a rate cut had been discussed. AUD-USD dropped over 0.5% in making a two-session low at 0.7140. EUR-USD has also been a mover, with the pairing […]
The Dollar has been plying narrow ranges so far against a backdrop of moderately bullish equity markets, in Asia and Europe, and rising sovereign bond yields. EUR-USD has been narrowly orbiting the 1.1300 level, consolidating recent gains from the six-week low at 1.1183, seen on April 2.
The Dollar majors have been trading in narrow ranges so far against a backdrop of moderately bullish Asian equity markets and rising sovereign bond yields. EUR-USD has been narrowly orbiting the 1.1300 level, consolidating recent gains from the six-week low at 1.1183, seen on April 2.
OVERVIEW The greenback turns negative, trading lower against its major peers Sterling strengthen to a six-day high, as the market priced in a Brexit breakthrough WTI crude oil jumped 0.8% with $65 a barrel in sight after positive trade data releases from China.
The Dollar pulled back in N.Y. trade on Friday, weighed down by risk-on conditions, which came following improved China loan and trade data. The DXY fell to 96.75 lows from overnight highs of 97.19. Wall Street extended gains, while Treasury yields rose as well. EUR-USD rallied to near three-week highs of 1.1323, but slipped back […]
OVERVIEW The greenback is trading broadly higher against major currencies on the back strong employment pointers Sterling is showing little reaction after the EU agreed to a flexible extension of the Brexit clock WTI crude oil is unable to push above $65 per barrel and is losing momentum dragging commodity-linked currencies lower