OVERVIEW The US dollar broadly lower this morning as investors switch to risk-on activities. GBP/USD rallies to its highest level in a week as UK PM meets Leader of Opposition to find a breakthrough. Oil futures climbed above $62 a barrel, strengthening gain to 38% this year. HIGHLIGHT
The Dollar and Yen have been softening against most currencies as a risk-on sentiment continued to course through global markets. European stock markets rallied, the MSCI Asia-Pacific (ex-Japan) equity index printed a fresh seven-month high, while oil prices posted fresh five-month highs. China released forecast-beating services PMI data, which rose to 54.4 in March from […]
The Dollar pulled back from Tuesday’s near one-month high during the European morning session, before bouncing slightly in N.Y. trade. The DXY ranged between 97.17 and 97.00 through the session. Hopes for progress in U.S.-China trade talks took some safe-haven demand away from the USD. EUR-USD traded to 1.1249 highs from 1.1225, while USD-JPY dipped […]
The Dollar majors have been trading mixed so far today. USD-JPY has traded a less than 20-pip range so far today, centred on 111.40-45. EUR-JPY and most other Yen crosses have also been directionally dormant, though AUD-JPY managed to edge out a one-month high at 79.46, buoyed by a generally finer Australian Dollar. AUD-USD concurrently […]
The Dollar has traded firmer against most currencies so far today. The narrow trade-weighted USD index printed a four-week high at 97.46 while EUR-USD concurrently posted a four-week low at 1.1190. USD-JPY lifted to a two-week high at 111.45 in what is now the fourth consecutive session of gains. The sharp rise in Treasury yields […]
OVERVIEW The US dollar keeps a strong tone as global growth uncertainty weighs on global currencies. GBP/USD turns negative after the House of Commons could not find a breakthrough on the second set of alternatives votes. Oil futures trading near five-month high on OPEC output cut. HIGHLIGHT
The Dollar index bounced modestly to near one-month highs of 97.52 through the morning session in N.Y., coming from opening lows of 97.36. A weak durables report ultimately had little impact on the Greenback, though the USD lost some ground after the London close, where a speech from U.K. PM May, saying an article 50 […]
The Dollar and Yen have been weakening against most currencies as a risk-on sentiment continued to course through global markets. Wall Street rallied from lows during its PM session, while the The MSCI Asia-Pacific (ex-Japan) equity index rallied over 0.5% today in printing a fresh seven-month high. Oil prices have continued rise, with the WTI […]
OVERVIEW The US dollar is trading with a softer sentiment, down 0.15% against the G-10 currencies. GBP/USD is volatile and is trading near the session high as MPs prepare for new votes on new alternatives. Commodity currencies are trading higher, following strong NYMEX WTI. Oil is up 1% to trade near fresh 2019 high. HIGHLIGHT
The Dollar has traded with a softening bias so far today against most currencies, with the Yen being the notable exception. Both currencies saw their recently built-up safe-haven premiums erode as stock markets in Asia and Europe rallied quite strongly. The U.S. and China said they made progress in trade talks that concluded on Friday […]
The Dollar was mostly firmer on Monday in N.Y. trade, with gains coming on the heels of better manufacturing ISM and constructions spending. The Greenback wobbled a little early in the session, as U.S. retail sales were light of expectations. EUR-USD headed to three-week lows of 1.1205, down from early highs of 1.1247. USD-JPY peaked […]
The Dollar has regained an underlying bid concurrently with a sharp rise in Treasury yields over the last day and an ongoing risk-on sentiment in global markets. This drove EUR-USD to a four-week low of 1.1196. Cable is also softer, and took a knock after the UK’s Parliament disappointed by failing to pass any of […]