The dollar edged out a new high for the week by the measure of the DXY USD index and against the euro, with EUR-USD pinning a low at 1.2115 to put in a little distance from the 10-week peak that was touched yesterday at 1.2182. The dollar also posted gains versus the Australian and New […]
The DXY ran up to highs of the week at 90.65 from near 90.30 in the immediate aftermath of the hot CPI outcome, though quickly fell back to intra day lows of 90.17. Treasury yields eventually headed higher from the initial knee-jerk moves, which ultimately supported the USD overall. The Dollar index later topped at […]
The dollar has gained for a second day, which has been a rare feat over the last five weeks. This has come amid wider recognition that the disappointing headline readings of the April U.S. jobs report was down to temporary, supply-side issues — although sufficient to maintain the Fed’s prevailing commitment to ZIRP — and […]
The dollar has gained for a second day, which has been a rare feat over the last five weeks. This has come amid wider recognition that the disappointing headline readings of the April U.S. jobs report was down to temporary, supply-side issues — although sufficient to maintain the Fed’s prevailing commitment to ZIRP — and […]
The DXY dropped under the 90.00 mark for the first time since February 25, bottoming at 89.98 before bouncing slightly to 90.19 highs. The break under 90 appeared to have prompted some USD short covering, as major currencies all pulled back from their trend or near trend highs. Repositioning ahead of Wednesday’s key U.S. CPI […]
The dollar has managed to find a toehold after plunging on Friday on the massive U.S. jobs report disappointment. Economists were blindsided by the data, focused too much on burgeoning demand while taking their eye off the gaping pandemic-era supply side anomaly in the labour market: that is, the difficulty businesses are having in recruiting […]
The dollar has managed to find a toehold after plunging on Friday on the massive U.S. jobs report disappointment. Economists were blindsided by the data, focused too much on burgeoning demand while taking their eye off the gaping pandemic-era supply side anomaly in the labour market: that is, the difficulty businesses are having in recruiting […]
The Dollar fell further in N.Y. trade on Monday, seeing the DXY extend Friday’s losses to a better than two-month low of 90.04. Fallout from Friday’s big jobs miss continued to weigh on the USD. There was no data to move markets. Treasury yields started out under water some, though recovered to slightly higher in […]
The dollar has found a footing after declining yesterday, which was the latest contribution to what has been several days of up-then-down price action. The 10-year U.S. Treasury yield has continued to bump along under 1.60%, while the Dow Industrials index scaled to another record closing high following a solid jobless claims report and forecast-beating […]
The Dollar was hit broadly in N.Y. on Friday following a disappointing April U.S. employment report, which revealed a 266k NFP print versus expectations for at least 950k. The USD tumbled immediately following the data, with the move likely exacerbated by a plunge in Treasury yields. Yields later ticked up some, though the Greenback remained […]
The dollar has been on a back foot today after a several-day period of up-then-down price action. The 10-year Treasury yield has nudged 1 bp higher, back above 1.580%, which is near the midway point of the range that has been seen over the last couple of weeks. The U.S. jobs report looms. A strong […]
EVENING 5: New daily Covid-19 cases jump to 4,498 Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1….