The dollar has come off the boil over the last couple of days. Softer than expected CPI out of the U.S. has taken an edge out of Fed tightening expectations, which led to the dollar losing some of its traction. EUR-USD posted the first back-to-back daily since mid April, rising to a three-day peak of […]
OVERVIEW The Greenback trading soft against the G-10 currencies. US Sanctions and tensions in the Middle East send the WTI trading at $ 71.45, the highest level since November 2014. SEK records the biggest advance on the day with less dovish Riksbank minutes. HIGHLIGHT
The dollar has traded softer for a second day. The USD index (DXY) edged out a four-day low at 92.63, which is nearly 1% off the five-month high that was seen on Wednesday. EUR-USD remained below the rebound high posted yesterday, but lifted back above 1.1900 after dipping to an intraday low at 1.1891, suggesting […]
The dollar lost some ground in N.Y. trade on Friday, seeing the DXY slip to 92.37 lows versus Wednesday’s 2018 high of 93.42. Softer import prices weighed on the dollar to a degree, as did comments from Fed’s Bullard early on, as he said further rate increases are not needed. The greenback recovered some after […]
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