FX trade was relatively quiet in N.Y. on Wednesday, keeping the DXY inside of a 96.71 to 96.97. The Greenback did press a bit higher overall, helped some by a narrowed trade deficit. EUR-USD touched two-week lows of 1.1243 from highs near 1.1280. USD-JPY peaked at 110.55 as Wall Street pared early losses. USD-CAD settled […]
The dollar majors have largely remained steady, within yesterday’s ranges. Sterling has been unperturbed by the frantic pace of political developments in the UK, and continued impasses in the UK’s parliament over Brexit. Cable has settled around the 1.3180-1.3200 mark after recouping from a moderate dip to 1.3143 late yesterday, which was seen on news […]
Most Dollar pairings have remained within Monday ranges so far, although the Australian and Canadian Dollars managed to eke out respective three- and two-session highs against the U.S. buck. This was seen amid a steadying in global stock markets, although sentiment remains fragile as investors continue to fathom the recent sharp dive in U.S. yields […]
The main theme has been Yen weakness, which took hold during the European AM session. This floated USD-JPY to a two-session high at 100.42, putting in a little more distance form the six-week low that was seen yesterday at 109.70. AUD-JPY and EUR-JPY, among other Yen crosses, have also risen, with the Japanese currency seeing […]
OVERVIEW The Dollar Index makes a comeback, trading firmer against the G-10, near a seven-day high Pound sterling remains volatile as MPs take control over Brexit debate NYMEX WTI jumps to a two- day high, up 1.70% and eyes $60 barrel again
After rising some early in the session the Dollar was largely steady through the close. The DXY had opened near 96.45, later stabilizing between 96.62 and 96.74. Incoming U.S. data was on the soft side, with housing starts, consumer confidence and Philly Fed index all missing the mark. None of the releases had much impact […]
USD-JPY printed a six-week low at 109.70, ratcheting up a week-on-week decline of 1.3%. Sharp equity market losses across bourses in Asia have maintained demand for safe havens, including the Japanese currency. AUD-JPY also posted a six-week low, while EUR-JPY remain heavy, although has so far remained above the two-month low the cross saw late […]
EUR-USD is moderately higher on the day, with above-forecast German Ifo survey data and a rise in Bund yields providing the euro with some buoyancy. EUR-USD has posted an intraday high at 1.1324, which is above 30 pips up on Friday’s closing levels. This put in some distance from the two-week low that was seen […]
OVERVIEW The Dollar Index is in negative territory, down 0.15% as we move into the final week of Q1 EUR/USD trading higher on the back of a better IFO reading NYMEX WTI turns south, down 0.25% and Gold is attracting safe-haven flows.
The Dollar was rangebound in N.Y. on Monday, with the DXY inside a narrow 96.63 to 96.41 trading band. There was little in the way of data to drive the market, and following last week’s volatility, a period of consolidation may set in. EUR-USD was stuck inside of 1.1304 and 1.1331, while USD-JPY fell under […]
The Pound has traded firmer in the wake of the EU granting an extension in the Brexit process. A two-week delay has been stimulated for UK Prime Minister May to get her deal through Parliament or come up with another plan. If the PM’s deal is passed, then the UK would have until to May […]
The Dollar traded mixed, gaining sharply agains the Euro following underwhelming PMI data out of the Eurozone, while concurrently losing ground to the Pound, which traded firmer after the EU granted a delay in Brexit. The U.S. currency, meanwhile, also posted gains against the Dollar bloc currencies, which have come under pressure concomitantly with flagging […]