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The Dollar rallied through the morning session in N.Y. on Friday, taking the DXY to two-week highs of 96.39. Gains came following news that China may ramp up purchases of U.S. goods over the next 6-years, with the goal of eliminating the current trade imbalance. Read more
OVERVIEW The Dollar Index is up 0.15%, looking towards a higher weekly close. Risk-on sentiment returned and gold is trading 0.7% lower. World equity markets are in green. NYMEX WTI Crude marches higher 0.75% to trade near $52.50 a barrel. HIGHLIGHT The Canadian loonie is trading in a consolidation zone over the five sessions after appreciating nearly 3.5% since the beginning of the month. Read more
A risk-back-on theme in global markets found expression in forex markets by weakening the Yen. USD-JPY lifted to a 16-day high of 109.59, while EUR-JPY has printed a three-day high, and AUD-JPY a one-month peak. The Yen's softness has been concomitant with a revival in risk appetite in global markets, which was sparked by WSJ report yesterday, alleging that U.S. Read more
The main theme has been Yen softness so far today, which has been concomitant with a revival in risk appetite in global markets. A WSJ report, citing unnamed sources, alleged that U.S. Treasury Secretary Mnuchin discusses lifting some or all of the tariffs imposed on Chinese imports. Read more
The Dollar rallied in N.Y. on Thursday morning, supported by better than expected jobless claims and a firmer Philly Fed index. The DXY topped at 96.26, up from opening levels of 96.00, though later faded, largely as Cable touched two-month highs of 1.2980. Read more
The dollar largely gave back gains seen during the pre-Europe session in Asia. EUR-USD left a 13-day low at 1.1371 before recouping back to the 1.1400 level. AUD-USD also lifted after earlier printing an eight-day low at 0.7146, while USD-CAD ebbed back after posting a three-day high at 1.3309. Read more
An abatement in risk appetite has impacted currencies, driving moderate Yen outperformance and underperformance in the Dollar bloc and some emerging-world currencies. A side theme has been general Dollar gains, USD-JPY excepted, following the release of the Fed's Beige Book survey yesterday, which found labour market tightness and rising wages. Read more
The Dollar was rangebound in N.Y. trade on Wednesday, seeing the DXY navigate a narrow 96.13 to 95.98 band. The Greenback faded some in early trade, though later steadied. For data, November trade prices fell less than expected, while the NAHB housing market index came in better than expected. Read more
OVERVIEW Even though Labour Party Leader Jeremy Corbyn argued that PM May's "zombie administration" is shuffling along, Theresa May survived a 325-306 vote. GBP EUR firms up as investors feel a soft Brexit or delay is within reach. USD EUR rises on news Germany recently barely avoided a recession HIGHLIGHT PM May's Brexit separation agreement was widely panned and failed to garner parliamentary support Tuesday. Read more
