The dollar and commodity currencies are softer against the yen and European currencies today. The dollar didn’t show its usual inverse correlation with stock markets, which came off the boil today after rallying yesterday, driving the MSCI All World index to a record high. The DXY dollar index fell 0.4% in making an eight-day low at 92.31. EUR-USD concurrently posted an eight-day high at 1.1885. USD-JPY has ebbed to a fresh one-week low at 104.24, which is now over a 50% retrace of the strong gains seen last Monday during the initial height of the ‘Covid vaccine’ risk-on positioning spree.
Recent News
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- Trump and Zelenskiy meet one-on-one in Vatican basilica to seek Ukraine peace
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- Factbox-Major cases involving Trump before the US Supreme Court
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- Concord Medical Files Annual Report on Form 20-F for Fiscal 2024
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- US judge skeptical about Trump defense of Education Department layoffs
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- Ex-Taliban commander pleads guilty to taking US journalist hostage
- Loeb's Third Point builds stake in Band-Aid maker Kenvue
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- Trump signs executive order boosting deep-sea mining industry
- T-Mobile wireless subscriber growth misses estimates as competition heats up
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- Fed Kashkari cites trade policy uncertainty as a risk to jobs
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- Bessent says China tariffs are not sustainable as US signals willingness to de-escalate
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- Bahrain's fiscal outlook downgraded to negative by S&P Global Ratings
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- US cancels hundreds of grants for police, crime victims, Justice Dept documents show
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- Judges extend Venezuela deportation blocks, question Trump's use of wartime law
- Ethereum Climbs 10% In Bullish Trade
- Yale University explores sale of private equity fund interests
- US FAA takes action to prevent helicopter incidents near Las Vegas airport
- Baker Hughes beats first-quarter profit on strong demand for natural gas technology
- M&T Bank Corporation to Participate in the Barclays Americas Select Franchise Conference
- Oil prices settle up nearly 2% on new Iran sanctions, equities rally
- Tesla salvages first-quarter profit margins as car sales skid
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- ExxonMobil to Release First Quarter 2025 Financial Results
- Baker Tilly and Moss Adams to merge, forming sixth-largest US advisory CPA firm
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