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Central bankers riled up markets in N.Y. on Wednesday, with the BoE's Carney hinting at a rate hike. The pound surged higher on the news, topping at three-week highs of 1.2972. In Europe, a Bloomberg "source" report implied the markets had misinterpreted Draghi's hawkish tone on Monday, resulting in a briefly lower euro. Read more
OVERVIEW Central bank speak has dominated the markets today causing some large swings in the Euro, the Pound, and the Canadian Dollar. Eurozone central bank sources told Reuters the market had overinterpreted comments from ECB President Mario Draghi yesterday. Nationwide reported UK house prices rose 1.1% in June, the biggest jump since April 2015 that pushed annual price growth up to 3.1%. U.S. Read more
The dollar continued to trade mixed, losing ground to the euro and Canadian dollar, holding steady versus the yen while gaining ground against the Australian dollar. EUR-USD extended the ECB taper-talk rally, catalysed by Draghi's remarks of yesterday, and clocked a one-peak at 1.1388, subsequently settling around 1.1360. Read more
The euro's ascent has continued, with EUR-USD logging a high at 1.1378, which is the loftiest level seen since June 2016, while EUR-JPY made a 127.77 peak, the highest level the cross has seen since March 2016. EUR-GBP has punched above recent congestion highs and is trading in seven-month high territory. Read more
The dollar fell against the European majors and the CAD in N.Y. on Tuesday, with EUR-USD printing 10-month highs of 1.1343 following hawkish comments from ECB chief Draghi. Cable was dragged higher as well, topping 1.2800 for the first time in over a week. Read more
OVERVIEW The Bank of England tightened its credit rules for banks to cool borrowing, particularly by consumers. The Confederation of British Industry (CBI) said its monthly retail sales balance rose to +12 in June, far exceeding forecasts of +2. U.S house price growth unexpectedly slowed to 5.7% last month. U.S. Read more
The dollar traded generally softer today as markets continued to digest yesterday's sub-forecast U.S. durable orders report and softening price indicators in the Dallas Fed index. The narrow trade-weighted USD index was showing a 0.5% decline as of the early European PM session, just above the low at 96.58, which is a two-session low. Read more
The dollar majors remained in fairly narrow ranges, though there has been some movement. AUD-USD logged a one-week high of 0.7609, while USD-JPY logged a five-week high at 112.07 before turning lower, to around 111.70. The retreat in USD-JPY came after the U.S. Read more
The dollar slipped early on the back of a disappointing durables report, taking EUR-USD to eight session highs of 1.1219 from opening lows near 1.1180. The pairing later eased into 1.1176 lows after the London close. USD-JPY dipped from 111.70 to 111.36 lows after the data, though later printed 111.90, a one-month high. Read more
 said its monthly retail sales balance rose to +12 in June, far exceeding forecasts of +2.
U.S house price growth unexpectedly slowed to 5.7% last month.
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