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A pause in risk-off sentiment has seen stock markets recovery some lost ground in Asia and the yen weaken as markets unwound some of the Japanese currency's safe haven premium. Dollar bloc currencies have rebounded, with AUD-JPY, a cross that often correlates inversely with pronounced directional swings in global stock markets, has rallied by 0.5%. Read more
The dollar succumbed to a minor round of profit taking after the N.Y. open, taking the DXY from 11-month highs of 95.30, to 95.00 lows. Focus was on trade wars, and following the newest threat to slap more tariffs still on China, Wall Street and yields headed lower. Read more
OVERVIEW The Dollar Index, up 0.4%, is near an 11-month high. The Euro continues to slide lower after dovish comments from Draghi. Canadian Loonie sees a new bottom, knocking on 1.33 post. WTI loses another Dollar, trading near $64.75 barrel. HIGHLIGHT Scandinavian currencies are under pressure this morning; the main driver being Sino-US trade tensions. Read more
The yen outperformed and dollar bloc and emerging market currencies underperformed amid global stock market declines after President Trump threatened China with $200 bln of fresh tariffs. A concurrent theme was euro weakness following remarks by ECB policymakers. Read more
The yen has rallied amid a risk averse backdrop, with stock markets in Asia and U.S. equity index futures dropping sharply after President Trump threatened China with $200 bln of fresh tariffs. USD-JPY has so far dropped to a six-session low at 109.63, and the pair is very much amid a downward path just ahead of the London interbank open. Read more
The dollar traded sideways in N.Y. on Monday, with major dollar pairings holding inside of narrow ranges. There was no data to drive prices, though trade war concerns kept Wall Street under pressure. EUR-USD ranged between 1.1595 and 1.1620, while USD-JPY was stuck between 110.38 and 110.53. Read more
OVERVIEW Pound weaker ahead of BoE meeting and Brexit concerns. Loonie solid on oil price hike ahead of the OPEC meeting this week. Euro under pressure on interest rate outlook. HIGHLIGHT The Swiss Franc and Japanese Yen have taken a large portion of the buying today as traders continue to worry about the impact of trade tariffs and political instability across the globe. Read more
The dollar traded with little committed direction, overall, although it gained against an underperforming pound, as markets anticipate the BoE MPC meeting this week, and losing some ground to the yen, which was buoyed by burgeoning risk-off vibe in global markets. Read more
The dollar majors have posted narrow ranges so far today, heading into the London interbank open. EUR-USD has consolidated in a narrow range, for instance, just above Friday's three-week low at 1.1543, USD-JPY dipped to a low of 110.30, which is 60 pips below the high that was seen on Friday. Read more
