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The narrow trade-weighted USD index (DXY) posted a two-day high at 93.16, extending the rebound from the 27-month low seen yesterday at 92.53. EUR-USD concurrently retreated to a 1.1819 low, which is a pip shy of yesterday's low and 2 pips shy of making it a big figure correction from yesterday's 27-month peak. Read more
The Dollar bounced from the fresh lows seen overnight, overall recovering through the London morning session. The USD posted modest gains in early N.Y. following improved initial and continuing jobless claims, though as Treasury yields turned sharply lower, the Greenback lost its modest bid, and headed down again. Read more
The dollar posted fresh lows against the euro and some other currencies, particularly the pound, which rallied on the back of the BoE's post policy meeting statement, before managing a rebound. The USD index edged out a fresh 27-month low at 92.53, continuing what is a fourth consecutive week of decline and a fourth straight month of decline, dropping by just over 10% from the early March peak. Read more
The USD index edged out a fresh 27-month low at 96.53, continuing what is a fourth consecutive week of decline and a fourth straight month of decline, dropping by just over 10% from the early March peak. The loss of confidence in the U.S. currency has partly been reflected in the ongoing rally in gold, which has remained buoyant after posting a fresh record nominal high at $2,057.50 yesterday. Read more
The DXY fell to within a whisker of the two-year bottom of 92.55 seen on Friday before recovering modestly in afternoon dealings. Risk-on conditions weighed on the greenback generally. Wall Street rallied as reports of a stimulus deal in the works by the end of the week circulated. Read more
The dollar is down for a second day, while gold prices have spurted to a fresh nominal high at $2,048.00 (still a long way from a record peak in inflation-adjusted terms). Washington's policy stalemate on another pandemic relief bill has remained a major source of concern to investors. Read more
The dollar has remained soft while gold prices have spurted to a fresh nominal high at $2,040.55 (still a long way from a record peak in inflation-adjusted terms). Washington's policy stalemate on another pandemic relief bill has remained a major source of concern to investors, and most Treasury yields have pushed further into historic low territory. Read more
The Dollar attempted to rally early in the session on Tuesday, though it quickly turned lower through the remainder of the session. The DXY fell from early highs of 93.83, later bottoming at 93.34 in afternoon dealings. U.S. fiscal concerns appeared to be the driver of USD weakness. Read more
The dollar has ebbed, particularly against the euro and Australian dollar. EUR-USD lifted above Monday's 1.1797 high in posting a peak at 1.1806, while AUD-USD came within a couple of pips of its Monday high at 0.7155. With USD-JPY holding a narrow range near 106.00, both EUR-JPY and AUD-JPY lifted, though both remained off their respective Monday peaks. Read more
