The dollar traded mostly lower as the global equity rebound extended in Asia after Wall Street yesterday completed its biggest two-day rebound in just over two years. The U.S. currency has been correlating inversely with global stock market direction of late on the causation that risk-on phases have seen investors divest of dollars and dollar […]
USD-JPY led broader dollar declines today, which was further aided by a rally in Cable following above-forecast CPI data out of the UK. USD-JPY dove over 1%, more than double the decline the dollar has seen so far versus the euro and other currencies today, in making a five-month low of 107.41. This has swung […]
OVERVIEW GBP rises after higher UK inflation data. Yen rises over 1%, prompting comments from the government minister. South Africa’s President Zuma is recalled by his ANC party and will respond by tomorrow. Global stocks are under pressure as risk aversion is driving FX gains for CHF and JPY. Oil prices are at two-month lows […]
The DXY was marginally lower in N.Y. trade on Tuesday, dipping from 89.84 opening highs to 89.61, before heading back to 89.75. Wall Street was soggy through the morning session, though managed a moderate afternoon rally to close higher. Yields were little changed ahead of the key CPI report on Wednesday. EUR-US opened near 1.2330, […]
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