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The Dollar firmed in N.Y. trade on Thursday, taking the DXY to two-week highs of 97.48. Strong retail sales and trend low jobless claims supported the Greenback, following weaker EU PMI figures ahead of the open, which weighed on the Euro. EUR-USD touched 1.1227 lows, levels last seen on April 8. Read more
OVERVIEW The US dollar is closing the week strongly, up 0.3% against other major currencies EUR/USD cracked below the 1.13 handle as exports contract Read more
The Dollar majors have continued to ply narrow ranges, with EUR-USD continuing to orbit the 1.1300 level. USD-JPY has managed to grind slightly lower, matching Tuesday's low at 111.84, though not surpassing it thus far. EUR-JPY and some other Yen crosses were also modestly lower. Read more
The Dollar has traded generally firmer, led by a sharp drop in EUR-USD following sub-forecast data out fo the Eurozone. EUR-USD broke out of its recent narrow orbit of 1.1300 and tumbled over 50 pips in printing an eight-day low low at 1.1243. The preliminary Eurozone April composite PMI dipped to 51.3, down from 51.6 in March and undershooting the median forecast for a slightly lift to 51.8. Read more
The Greenback rose modestly during the N.Y. session on Thursday, resulting in the DXY advancing to 97.04 from 96.89 lows. The February trade deficit was narrower than expected, and provided some support to the USD. The Dollar largely ignored the Fed's Beige book, which revealed little concerning the economic outlook, and overall remains near session highs against the Euro and Yen. Read more
OVERVIEW The US dollar is trading lower as risk-on sentiment returns following strong Chinese GDP numbers EUR/USD is still hugging the 1.13 handle, waiting for clear direction Read more
The Dollar has traded mixed amid a variety of cross-currents. One theme was Euro outperformance, which saw EUR-USD match, although not surpass, last Friday's three-week high at 1.1323, while EUR-JPY printed a six-week high at 126.80 and EUR-GBP a four-week peak, at 0.8681. Read more
The Dollar majors have continued without much directional bias, though the Australian and Canadian Dollars posted moderate gains while the Kiwi buck came under pressure following sub-forecast CPI data out of New Zealand. NZD-USD printed a three-month low at 0.6667 before recouping back above 0.6700, rising on the coattails of gains in the Aussie dollar following better than expected data out of China, which provided fresh fuel to risk-on sentiment in global markets. Read more
Dollar bulls took the upper hand in N.Y. trade on Tuesday, taking the DXY to highs of the week at 97.09 from opening low of 96.89. U.S. industrial production was softer than forecasts, though had little impact on the risk backdrop, as strong earnings reports lifted stocks and Treasury yields. Read more
