The Dollar has traded firmer against most currencies and more than reversed initial declines that were seen after the largely as-expected Fed policy announcement yesterday. The upgrade in the Fed’s assessment of the economy to “strong” — from merely “solid” in the June statement — provided reason to buy the Greenback on dips. The USD […]
The dollar fell after the FOMC announcement, where rates were left unchanged, as expected, and despite the statement saying the economy has been rising at a “strong” rate. In addition, the FOMC kept another 2 hikes this year on the table. Perhaps a case of sell the news for the dollar, given earlier gains. USD-JPY […]
OVERVIEW Sterling falls against the US Dollar and the Euro following BoE meeting. US Dollar strengthens against a basket of currencies as trade tensions flare up. The Euro remained stable today as focus on BoE. HIGHLIGHT Sterling falls against the US Dollar and the Euro, despite a 25bps rate hike from the BoE. BoE Governor […]
USD-JPY has turned lower amid a sharpening risk-off vibe amid a sentiment-souring ratcheting-up in Sino-U.S. trade tensions. The Trump administration confirmed that it is considering rising tariffs on $200 bln worth of Chinese imports, seen as a bargaining ploy by Trump ahead of Washington and Beijing’s return to the negotiating table, though China returned fire […]
Narrow ranges have prevailed for the most part, though themes of Yen weakness and Aussie Dollar firmness have been evident, while EUR-USD managed to edge out a fresh two-week low at 1.1581. USD-JPY lifted to the upper 111.0s, reflecting a broadly softer Yen today as global stock markets stabilize. The 10-year JGB yield also fell […]
The Dollar index rallied to two-week highs of 95.09 in N.Y. on Thursday, buoyed by in-line jobless claims and factory orders ahead of what is expected to be a solid July employment report on Friday. EUR-USD fell to 1.1596 from highs of 1.1632 at mid-morning. USD-JPY climbed to 111.70 from 111.32 opening lows, as Wall […]
EUR-USD fell to a five-week low at 1.1561 after the final reading of the Eurozone July services PMI was unexpectedly revised down, to 54.2. The Dollar has also been holding generally firm, as it has done since the Fed upgraded its assessment of the U.S. economy to “strong” from merely “solid” in the June statement. […]
The Dollar index recovered from 94.17 lows, topping later at 94.56 following decent income, spending, and Chicago PMI outcome. In addition, reports that the U.S. and China are pushing ahead with background trade talks, helped sentiment. Wall Street rallied as well. EUR-USD dropped to 1.1689 lows from 1.1746, as USD-JPY topped at 111.94, up from […]
OVERVIEW The Dollar index is slower for the third session after PCE missed estimates. Strong Canadian GDP surprises markets. WTI down 50 cents as geopolitical tensions ease. HIGHLIGHT The USD/INR is in consolidation mode ahead of central banks’ monetary policy announcements. The pair touched an all-time high of 69.13 on July 20th. RBI is expected […]
The Dollar retained a broad, albeit modest bid. EUR-USD posted a two-day low at 1.1672, extending the correction from yesterday’s 1.1746 peak and putting the pair near the midway mark of a broadly sideways range that’s been evolving since early June. USD-JPY popped above 112.00 for the first time since July 20, posting a high […]
The Dollar has traded moderately firmer into the London interbank open, with the USD index (DXY) showing a 0.2% gain at 94.65, a two-day high. EUR-USD concurrently posted a two-day low, at 1.1675, which is near the midway mark of a broadly sideways range that’s been evolving since early June. USD-JPY rose for a second […]
OVERVIEW US Dollar slips across the board at the start of a busy data week. Pound sturdy ahead of BoE rate decision on Thursday. HIGHLIGHT There is no highlight for today. US DOLLAR The US Dollar is weaker today ahead of a week packed full of economic data releases and central bank meetings. The Dollar […]