A strong bid for EUR-JPY was seen at and after the Tokyo fixing today, which drove the Euro generally higher while leading to Yen underperformance. Interbank market narratives pointed Japan’s Mitsubishi UFJ Financial Group’s purchase of aviation financing business of Germany’s DZ Bank as being behind the demand. EUR-JPY rose over 0.5% in making a […]
The Dollar moved higher in N.Y. on Thursday after the hotter U.S. PPI and near 50-year low jobless claims print. The DXY rallied to 97.15 from 96.90 lows. EUR-USD dipped to 1.1250 from pre-open highs over 1.1280. USD-JPY headed to 111.63 highs from .111.10, while USD-CAD topped at 1.3395 from 1.3350 as oil prices corrected […]
Both the Dollar and Yen have been notably underperforming most other currencies so far today, which has come against a backdrop of reviving risk appetite following strong import data out of China. In the mix was a strong bid for EUR-JPY at the Tokyo fix today, which drove the Euro generally higher while leading to […]
The Dollar bounced slightly following the FOMC minutes, which saw the majority of the committee leaving rates on hold for the remainder of 2019, but some seeing scope for a hike later this year should incoming data warrant. USD-JPY bumped up toward 111.00 from 110.85, as EUR-USD dipped to 1.1265 from 1.1275. Earlier in the […]
OVERVIEW The greenback moves into positive territory after ECB keeps rates unchanged. Investors and the British Pound are patiently waiting for the outcome of the EU Summit WTI crude oil prices resume their ascent, eyeing $65 a barrel, up 41% since the beginning of 2019.
The forex markets have been lacking a directional theme so far today. EUR-USD has been plying a narrow range in the upper 1.1200s, holding below yesterday’s 12-day high at 1.1287. USD-JPY has settled near 111.0, above the 12-day low of yesterday, at 110.84. The Pound has settled lower after rallying late yesterday on news that […]
The Dollar majors have mostly been trading with little directional bias. USD-CAD has been an exception, trading over 0.3% higher to a three-day peak at 1.3360, in a move which concomitant with 1%-odd correction in oil prices. EUR-USD, meanwhile, has been plying a narrow range in the upper 1.1200s, matching yesterday’s 12-day high at 1.1287 […]
OVERVIEW The DXY Index is sliding lower, down 0.15% as global sentiment turns bearish on the USD GBP/USD is trading on optimistic sentiment of a Brexit breakthrough and trading higher ahead of GDP figure WTI crude oil steadies near 2019 high, after strengthening 7.5% month to date
The Dollar index fell to near two-week lows of 96.86 early in the N.Y. session on Tuesday, later recovering some ground, taking the DXY to 97.04 highs. Fresh trade fears, following Trump threats to tariff European goods brought safe-haven Dollar buying to bear, lifting the unit from its lows. EUR-USD topped over 1.1280, later falling […]
The main currency pairings have continued to ply narrow ranges for the most part, though AUD-USD managed to eke out a three-week high at 0.7157, surpassing yesterday’s peak by 5 pips. The move in the Aussie was sparked by upbeat remarks from RBA’s Debelle. Elsewhere, EUR-USD lifted modestly but remained below yesterday’s two-week high at […]
Forex markets have remained directionally unambitious. AUD-USD has been the main exception, with the pairing lifting by about 40 pips to within a whisker of the three-week seen yesterday at 0.7152. The move was sparked by remarks from RBA’s Debelle, who was upbeat about the labour market. Elsewhere, EUR-USD settled in the mid 1.1200s, down […]
The OVERVIEW The US dollar is trading with a weaker tone across the board, with DXY down 0.35% GBP/USD is waiting near a three-day low with market waiting for a reply letter from the EU