The dollar has come under fresh pressure. The narrow trade-weighted USD index (DXY) traded at fresh three-year lows, logging a nadir at 89.61 and bringing the cumulative loss on the year so far to 13%. EUR-USD logged a 37-month high of 1.2356, while USD-JPY traded below 110.00 for the first time since last September, posting […]
The DXY was crushed to 89.20 lows in N.Y. trade on Wednesday, levels last seen in December of 2014. Selling kicked off in earnest after U.S. Treasury Secretary Mnuchin’s Davos comments, where he said a weak dollar is good for U.S. exports. EUR-USD topped at 1.2411 after opening at 1.2340, while USD-JPY slid to 108.95 […]
OVERVIEW US Dollar is at 3-year low versus major counterparts after the Secretary of Treasury says the weaker Dollar is good. UK employment data very strong, with GBP outperforming. EUR stands at 3-year highs, PMIs show businesses ramped up activity in January. US home sales fell more than expected in December while prices rose. HIGHLIGHT
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