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The DXY shot up to three-plus month highs of 91.61 highs in N.Y. on Thursday, as euro weakness was the major driver following an ECB press conference which was decidedly more cautious on the growth outlook than the policy statement suggested. EUR-USD fell from 1.2180 t o1.2198 lows. Read more
OVERVIEW US government yield falls back below 3%. US durable goods orders rise, business spending on equipment falls. Swedish central bank keeps rates on hold, postpones rate hike. BoC Governor says the economy is finally positive. HIGHLIGHT The Euro is trading at a 3-month low versus the US Dollar following the ECB meeting where Mario Draghi maintained a cautious tone on the central bank's policy. Read more
The dollar was showing modest net declines on the day as of the early European PM session, giving back gains seen during the pre-London session in Asia, when the greenback posted fresh trend highs versus the euro and yen, among other currencies. The Swedish krone was a notable mover after the Riksbank pushed back the timing of its expected first tightening of the cycle. Read more
The dollar has dipped after posting fresh highs versus the euro and yen, among other currencies. EUR-USD posted an eight-week low at 1.2159 while USD-JPY rose of an eighth consecutive day, making an 11-week high at 109.46. The move reflected ongoing dollar strength, although the yen has been among the leaders of the underperforming currencies over the last week, too. Read more
The DXY posted three-plus month highs of 91.24 in N.Y. trade on Wednesday, largely driven by higher Treasury yields. There was no data to move the markets, though Wall Street was lower once again, despite mostly solid incoming earnings reports. EUR-USD touched trend lows of 1.2168, while USD-JPY topped at two-plus month highs of109.38. Read more
OVERVIEW US 10-year Treasury above 3% for first time since 2014. USD gaining on a key break higher for US government bond yields. EUR remains soft as focus turns to relative interest rate differential. Turkish central bank raises rates, supports the Lira for now. Emerging market currencies weaken on fears of impact from higher debt costs. HIGHLIGHT The dollar index, which measures the currency's performance against a basket of major currencies, is at a four-month high, driven by a rise in the benchmark US 10-year Treasury yield above 3%. Read more
The dollar remained buoyant, with the 10-year T-note yield having yesterday touched the 3.0% leve for the first time since early 2017. The narrow trade-weighted index (DXY) posted at new trend high of 91.09, a level not seen since the first week of January. Read more
The dollar picked up from correction lows, remaining underpinned after concomitantly posting trend highs yesterday after the 10-year T-note finally touched the 3.0% level first time here since early 2017. The narrow trade-weighted index (DXY) recouped to near 91.0 and yesterday's trend high at 91.07, a level last seen in the first week of January. Read more
The dollar had faded some from overnight highs at the N.Y. open on Tueday, spending much of the remainder of the session trending lower. The DXY topped at 91.07, a three-month high, during Asian hours, before touching 90.73 lows in N.Y. Wall Stree took a dive, despite generally strong earnings, with the tech sector pacing losses. Read more
