The dollar remained under pressure through the N.Y. session on Tuesday, with risk-off firmly in place following the weekend N. Korea nuke test. In addition, U.S. politics, and hurricane concerns remain, with immigration, the debt ceiling, budget, and tax reform all up in the air, as the dysfunctional U.S. Congress returns to work from a […]
Narrow ranges have prevailed during Asian trading in to the London interbank opening. The USD index is net unchanged, and both EUR-USD and USD-JPY are near their respective New York closing levels of yesterday. AUD-USD provided some colour, taking a 40-plus pip dip after Australian Q2 GDP came in slightly below expectations, albeit at a […]
The euro rallied against the dollar and other currencies. EUR-USD traded at three-session highs in coming within a few pips of 1.1950. There wasn’t a specific catalyst, and gains have come despite underwhelming German manufacturing orders data. Market narratives pointed to position jigging into tomorrow’s ECB meeting, even though a move toward QE tapering appears […]
OVERVIEW Loonie sharply stronger as Bank of Canada hikes interest rates. The US Dollar remains stable as traders sit on their hands. Euro continues to outperform other major currencies. Pound settles after biggest spike since the last two months yesterday. HIGHLIGHT
The dollar perked up slightly in N.Y. trade on Wednesday, aided overall by an improved risk backdrop, and by news from Washington, where there may be agreement, at least tempoarily, to extend the debt limit, and providing hurricane relief funding. EUR-USD ran into sellers at 1.1950, later posting a 1.1912 low. USD-JPY meanwhile, rallied toward […]
The dollar consolidated during the pre-Europe session in Asia after seeing volatile price action during the NY afternoon. The main movement was a gain in USD-JPY as news of Trump’s deal with the Democrats to extend the debt limit mollified market anxieties. The pair rallied some 70 pips to a 109.39 peak, subsequently drifting moderately […]