OVERVIEW The greenback has moved into negative territory after the Trump Administration slapped a new 5% tax on Mexican imports to the USA. USD/CAD climbed above 1.35 post, driven by fears of escalating trade tensions NYMEX WTI crude declined by 2.4% on renewed concerns over geopolitical risks
The Dollar, Yen and Swiss Franc traded moderately softer against most other currencies as stock markets steadied after the recent tilt lower. This helped EUR-USD find a toehold after three straight days of decline, with the pair holding in the lower-to-mid 1.1100s, above the one-week low seen yesterday at 1.1124. USD-JPY lifted to an eight-day […]
A moderate unwinding in risk-off positioning has been seen in currency markets. This comes with Wall Street having pared losses during the PM session yesterday and with S&P 500 futures showing modest gains, even though most Asian markets have remained nuder pressure today. USD-JPY lifted to an eight-day high at 109.76. , and the AUD-JPY […]
The Dollar index rallied to six-session highs of 98.28 in morning N.Y. trade on Thursday, though later pulled back to 98.11 lows into the London close. A slightly better than expected Q1 GDP revision helped the USD early on, though with Wall Street posting modest gains, safe-haven Dollar flows reversed to an extent. EUR-USD printed […]
OVERVIEW The Dollar Index is consolidating around 2019 highs, as the euro and pound fall apart. USD/CAD loses steam and returns inside a 1.34-1.35 range. NYMEX WTI crude steadies just below $60.00, after dropping to a 2-month low.
The Dollar picked up demand in both Asia and during the European AM session. The narrow trade-weighted USD index printed a six-day high at 98.04, while EUR-USD concurrently fell to a six-day low at 1.1149, inching last week’s two-year low at 1.1107 further into view. Safe haven demand has been the dominating factor in price […]
The Dollar and Yen had traded firmer amid a risk-off theme in global markets. USD-JPY fell to a two-week low at 109.15, despite concurrent dollar gains versus most other currencies. EUR-JPY hit a fresh four-month low, and AUD-JPY has come under notable pressure. The narrow trade-weighted USD index, meanwhile, carved out a six-day high at […]
OVERVIEW The greenback is holding steady despite falling treasury yields significant fears of a global meltdown Bank of Canada is expected to maintain rates at 1.75% NYMEX WTI crude drops lower to an 11-day low below $58
The Dollar index rallied to one-week highs in N.Y. on Wednesday, as another session of risk-off trade prompted safe-haven flows into the USD. Trade war fears, along with U.S. politics weighed on Wall Street, as China may cut rare-earth exports to the U.S., and as special council Mueller left the door open for a Trump […]
The dollar majors are lacking directional bias so far today, with participants hunkering down in Asia into the return of full market participation, and liquidity, that the reopening of markets in London and New York will bring today following long weekends in the UK and U.S. EUR-USD still managed to eke out a three-session low […]
A moderate risk-off theme become re-established in global markets, which pushed Treasury and other top-tier sovereign yields lower, hit stock markets while buoying the Yen in forex markets. USD-JPY ebbed moderately lower as the Japanese currency picked up a safe-haven bid, breaking free of what had been a narrow orbit of the 100.50 level. A […]
OVERVIEW The US Dollar is moving slowly after Memorial Day, creeping up a couple of pips GBP USD likely will be a volatile pair as the UK wonders who will be the next occupant of 10 Downing Street Bank of Canada expected to hold interest rates, loonie expected to trade with negative bias HIGHLIGHT