OVERVIEW The Dollar Index touches a seven-day high after the Eurozone stumbles on poor PMIs The stalling economy sent the euro in negative territory, down 0.6% against the USD NYMEX WTI steadies after catching new 2019 high near $60.40. HIGHLIGHT
The Dollar index largely maintained altitude through the N.Y. session, after spiking higher in Europe following weak EU PMIs, and negative Bund yields, which weighed heavily on EUR-USD. The DXY peaked at six-session highs of 96.81, before meandering between 96.54 and 96.78 through the N.Y. session. EUR-USD touched 1.1274 lows. USD-JPY slid to better than […]
The Dollar has tumbled after the Fed signalled there would be no further rate hikes this year and that it would halt the steady decline of its balance sheet in September. This drove U.S. yields lower, with the 10-year T-note retreating to levels below 2.53%, levels not seen since January 2018. The narrow trade-weighted USD […]
The Dollar managed to recoup some of the losses seen after the Fed reaffirmed its dovish turn yesterday. EUR-USD has corrected back under 1.1400, putting in some distance from yesterday’s post-Fed six-week high at 1.1448. With the Eurozone economy losing momentum amid acute Brexit uncertainty, and with the 10-year Bund yield declining by over 4 […]
OVERVIEW The Dollar Index made a comeback after the greenback crashed to multi-week lows against the G-10 currencies GBP/USD is down by 0.5% after Bank of England votes to keep its rate unchanged NYMEX WTI moves above the psychological price of $60 a barrel. HIGHLIGHT The MPC has decided to maintain its Bank Rate amidst […]
The Dollar shrugged off Wednesday’s dovish FOMC result in N.Y. on Thursday, as the DXY rallied to pre-Fed levels though the session. The resiliency of the dollar was impressive given the FOMC, though this could be a case of the USD being the cleanest dirty shirt in the hamper. The DXY bounced to above pre-FOMC […]
The Dollar has been trading steady-to-firmer so far today. EUR-USD has been holding below the two-week high seen yesterday at 1.1361, and USD-JPY lifted to a two-day high at 111.69. AUD-USD took a spill, concurrently with a 4%-plus tumble in iron ore prices (sparked by news of the reopening of a major mining operation in […]
The Dollar has traded steady-to-firmer so far today. EUR-USD has been holding below the two-week high seen yesterday at 1.1361, and USD-JPY lifted to a two-day high at 111.69 in Tokyo before settling slightly lower. AUD-USD saw some volatility, dipping in Sydney trading concurrently with a 4%-plus tumble in iron ore prices (sparked by news […]
OVERVIEW The Dollar Index is trading flat ahead of this afternoon’s FOMC announcement GBP/USD returned in negative territory after inflation rose slightly and investors wait to see if EU leaders agree to extend the Brexit calendar NYMEX WTI waits for EIA inventory data to make the next move and is trading at $58.70 a barrel.
The dollar fell following the FOMC announcement, where rates were left unchanged as expected. The dot-plot signaled no further rate increases this year, and one 25 basis point rise in 2020. The Fed revised 2019 inflation lower, and said it will end its balance sheet reduction in October. EUR-USD spiked over 1.1440 from 1.1355, while […]
The Dollar has settled to a consolidation of recent declines into the FOMC. EUR-USD has settled below the two-week high seen yesterday at 1.1358. The high was a product of the Dollar’s underlying softening bias amid expectations for the Fed to trim inflation forecasts and lower dot plots, and following last week’s surprising benign inflation […]
OVERVIEW The greenback is trading relatively lower against the G-10 currencies ahead of Fed announcement GBP/USD is trading higher after reports show the UK’s unemployment rate down to a four-decade low NYMEX WTI approached the $60 psychological level as OPEC looking to rebalance the market