The Dollar has been traded firmer into the London interbank open, edging out a three day high against the Yen and making moderate advancements against the Euro, Canadian dollar and other currencies. USD-JPY’s high is 109.73, we retraces about a third of the safe-haven driven declines the pair saw in the early part of the […]
OVERVIEW The Dollar Index stays near three-week high after better-than-expected job numbers. The Canadian loonie consolidates near an eight-month high ahead of Bank of Canada meetings. The Euro continues to slide lower, concerns over economic contraction gathers pace
The Dollar firmed up some in N.Y. trade on Monday, though the DXY remained below Friday’s near three-week top, peaking at 97.42. There was no data to drive the market, though following the much better June jobs report, Dollar dip-buying remained in vogue, as traders priced out aggressive Fed rate cut moves. EUR-USD matched Friday’s […]
The Dollar took a rotation high during the Asian and European AM sessions. EUR-USD printed a 15-day low at 1.1255, retracing nearly 75% of the gains since the Fed’s policy statement in mid June. While the Fed remains on course to cut rates on July 31, forex markets have been adjusting to competing dovish turns […]
The Dollar has been traded firmer into the London interbank open, edging out a three day high against the Yen and making moderate advancements against the Euro, Canadian dollar and other currencies. USD-JPY’s high is 109.73, we retraces about a third of the safe-haven driven declines the pair saw in the early part of the […]
The Dollar rallied broadly in N.Y. trade on Friday, supported by a stronger June U.S. jobs report, which had the result of tamping down expectations for aggressive Fed easing. The USD was up against all major currencies through the session, taking the DXY to near three-week highs of 97.44, up from 96.90 at the open. […]
The Dollar majors have maintained narrow ranges so far today, with the U.S. currency lifting out of brief declines during the Asia session. EUR-USD dipped back to the 1.1280 area after earlier pressing to a 1.1295 high, leaving yesterday’s peak at 1.1311 unchallenged. USD-JPY remained within the range seen yesterday, still buoyant but bereft of […]
The Dollar majors have been directionally uneventful with U.S. markets closed today and participants hunkering down ahead of tomorrow’s U.S. jobs report. EUR-USD down shifted back to the 1.1280 area after pressing to a 1.1295 high during the pre-London session in Asia, leaving yesterday’s peak at 1.1311 unchallenged. USD-JPY remained within the range seen yesterday, […]
The Dollar has traded mixed while the Yen has traded firmer versus the other main currencies, which has come amid a backdrop of drooping stock markets in Asia (event though the S&P posted a fresh record closing level) as optimism about the U.S.-China trade war truce faded. For one, the U.S. Trade Representative’s office announced […]
The Dollar has been trading steady-to-softer against the other main currencies, arriving at the New York interbank open near net unchanged against the Euro, with the common currency managing to recoup from intraday losses, modestly lower versus the Yen and Australian Dollar, and firmer in the case against the Pound, which has remained heavy following […]
The Dollar index slipped in N.Y. morning trade on Wednesday, though later perked up again into the July 4th holiday. The DXY slipped to 96.60, later rallying back to 96.82 highs. The USD has held the bulk of gains seen at the start of the week, as Fed easing sentiment has come off the boil […]
OVERVIEW The Dollar Index is flat in thin market trading ahead of the July 4th holiday The British pound suffers from selling pressure on the back of soft PMI and a dovish BoE Oil prices gain 1.30% and is extending support to commodity-linked currencies