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The Dollar shrugged off Wednesday's dovish FOMC result in N.Y. on Thursday, as the DXY rallied to pre-Fed levels though the session. The resiliency of the dollar was impressive given the FOMC, though this could be a case of the USD being the cleanest dirty shirt in the hamper. Read more
OVERVIEW The Dollar Index made a comeback after the greenback crashed to multi-week lows against the G-10 currencies GBP/USD is down by 0.5% after Bank of England votes to keep its rate unchanged Read more
The Dollar managed to recoup some of the losses seen after the Fed reaffirmed its dovish turn yesterday. EUR-USD has corrected back under 1.1400, putting in some distance from yesterday's post-Fed six-week high at 1.1448. With the Eurozone economy losing momentum amid acute Brexit uncertainty, and with the 10-year Bund yield declining by over 4 bp during the AM session in Europe today, EUR-USD never looked to be much of bullish trend following opportunity. Read more
The Dollar has tumbled after the Fed signalled there would be no further rate hikes this year and that it would halt the steady decline of its balance sheet in September. This drove U.S. yields lower, with the 10-year T-note retreating to levels below 2.53%, levels not seen since January 2018. Read more
The dollar fell following the FOMC announcement, where rates were left unchanged as expected. The dot-plot signaled no further rate increases this year, and one 25 basis point rise in 2020. The Fed revised 2019 inflation lower, and said it will end its balance sheet reduction in October. Read more
OVERVIEW The Dollar Index is trading flat ahead of this afternoon's FOMC announcement GBP/USD returned in negative territory after inflation rose slightly and investors wait to see if EU leaders agree to extend the Brexit calendar NYMEX WTI waits for EIA inventory data to make the next move and is trading at $58.70 a barrel. HIGHLIGHT The Euro is trading near a two-week high against the greenback, fuelled by the better sentiment over the eurozone. Read more
The Dollar has traded steady-to-firmer so far today. EUR-USD has been holding below the two-week high seen yesterday at 1.1361, and USD-JPY lifted to a two-day high at 111.69 in Tokyo before settling slightly lower. AUD-USD saw some volatility, dipping in Sydney trading concurrently with a 4%-plus tumble in iron ore prices (sparked by news of the reopening of a major mining operation in Brazil, with iron ore being the biggest Australian export) before recovering losses during the London AM session. Read more
The Dollar has been trading steady-to-firmer so far today. EUR-USD has been holding below the two-week high seen yesterday at 1.1361, and USD-JPY lifted to a two-day high at 111.69. AUD-USD took a spill, concurrently with a 4%-plus tumble in iron ore prices (sparked by news of the reopening of a major mining operation in Brazil); iron ore being the biggest Australian export. Read more
The Dollar was range bound in N.Y. trade on Tuesday, as market participants largely sat on the sidelines ahead of Wednesday' FOMC announcement. The USD had been under some pressure over the past few sessions, as traders priced in a dovish leaning announcement from the Fed. Read more
