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The Dollar index posted fresh trend highs of 98.45 ahead of the N.Y. open on Wednesday, though settled inside a narrow range through the day. A slightly warmer CPI outcome had little impact on the USD, while a fall in Treasury yields as risk conditions faded, and a benign Powell speech weighed slightly on the Greenback. Read more
The dollar has been putting in a mixed performance so far today posting fresh highs versus the euro and Canadian dollar while losing ground to the yen and Swiss franc, which outperformed most other currencies on a safe-haven bid amid wobbling global stock markets, and the New Zealand dollar, which surged by over 1% after the RBNZ surprised markets by refraining from cutting interest rates following its policy meeting today. Read more
The New Zealand dollar surged by over 1% against the dollar and other currencies after the RBNZ surprised markets by refraining from cutting interest rates following its policy meeting today. NZ money market futures had been implying odds of 75% for the central bank to cut the benchmark rate to a new record low of 0.75%, which was instead left at 1.00%. Read more
The DXY printed near one-month highs of 98.42 in morning N.Y. trade on Tuesday, later fading to 98.27 lows. There was no data to drive the FX market, though as Treasury yields pulled back some, the Dollar turned slightly lower. EUR-USD managed to print fresh trend lows of 1.1003, while USD-JPY was range bound over its 200-day moving average at 109.02. Read more
The dollar has firmed back some after declining moderately yesterday, which followed a phase of rising against most of the other main currencies (which started at the release of the unexpectedly robust October U.S. payrolls report). The narrow trade-weighted USD index (DXY) was a pip off the day's high at 98.35 heading into the New York interbank open, up from yesterday's 98.13 low and 5 pips of the one-month high seen on Friday. Read more
The yen took a rotation lower during pre-Europe trading in Asia as stock markets steadied after wobbling yesterday. A report in Politico saying that EU officials are expecting President Trump to confirm that he will delay hiking tariffs on EU cars and auto part imports for another six months, according to an EU source, gave investor spirits a boost after the president had said over the weekend that the media had exaggerated U.S. Read more
The dollar weakened on Monday, while the pound and yen outperformed on Brexit related news and on a sage-haven bid, respectively. The Australian dollar was also among the day's underperformers. Wall Street corrected after posting record highs on Friday, and most equity markets across the world turned lower. Read more
The dollar has been trading with a softening bias so far in early week trading, correcting after posting gains against most other currencies last week. The narrow trade-weighhted USD index (DXY) has retraced over half of the gain it saw on Friday in making a low at 98.23. Read more
The yen has firmed up as risk aversion took a grip on markets in Asia as protests and the police response went next level amid reports that one protestor had been shot and killed. President Trump also said on Saturday that while trade talks with China were moving along "very nicely," the U.S. Read more
