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The Dollar has steadied after rising late yesterday at the prompt of remarks from Fed Bullard who, although a dove by reputation, said that a 50 bp rate cut in July would be "overdone." This was taken by markets as a walk back of aggressive easing expectations. Read more
The Dollar was fairly steady, though under some pressure in N.Y. morning trade on Tuesday. Softer U.S. consumer confidence and housing data kept stocks and yields down, weighing on USD sentiment. Late, the DXY rallied to intra day highs following comments from Fed chair Powell, topping at 96.23, and up from N.Y. Read more
The Dollar hit fresh lows against the Euro and Yen, among other currencies, with the Treasury market having continued to price in Fed easing. Fed funds futures are fully pricing-in a 25 bp rate cut at the late July FOMC, and are factoring about 40% odds for a 50 bp move then. Read more
The DXY fell to three-month lows into the N.Y. open on Monday, later recovering to 96.18 before heading lower again. Treasury yields remained under pressure, with the 10-year note rate holding just over the key 2.00% mark. A softer Dallas Fed index weighed on Dollar sentiment as well. Read more
OVERVIEW The greenback is under selling pressure ahead of this week's G20 meetings. The Canadian loonie continues to strengthen against the US dollar, backed by higher WTI crude oil prices. Read more
The Dollar has started the week on a soft footing, which drove EUR-USD to a new three-month high at 1.1395, despite the sub-forecast German Ifo data. EUR-JPY also saw a new 11-day peak, while the common currency has remained buoyant against other currencies. Read more
Both the Dollar and Yen had been softening against most other currencies amid a cautious risk-on sentiment in global markets, underpinned by expectations for more policy accommodation by major central banks and a degree of relief that the U.S. and China have retuned to dialogue ahead of this week's G20 summit in Japan. Read more
The Dollar index fell to three-month lows of 96.25 in N.Y. trade on Friday, opening the session near 96.65. Fallout from Wednesday's dovish FOMC outcome remained a driver, though Treasury yields managed small gains after stronger U.S. housing data. EUR-USD advanced to 1.1368 from early lows near 1.1300. Read more
The Dollar majors have been trading mixed, with the U.S. currency itself consolidating, on net, following a two-day phase of underperformance. EUR-USD lifted out of the intraday low at 1.1283 at the trigger of forecast-beating flash June PMI estimates out of Germany and France, which drove the June flash Eurozone Composite PMI to a seven-month high of 52.1, up from 51.8 in May. Read more
