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The dollar firmed up some in N.Y. trade on Tuesday, getting an early lift from a dovish sounding Draghi at his ECB policy press conference, and lower than expected U.S. jobless claims. The DXY recovered from a three-session low of 96.89 to peak at 97.29. Read more
OVERVIEW - UK PM Theresa May will ask fellow European leaders for help in building her case for passing the Brexit deal - As US President Donald Trump suggested he would be open to negotiating terms of a trade deal with China in exchange for intervening in a legal dispute between the CFO of Huawei Technologies and the US DOJ - The Euro dropped against the US Dollar today as the European Central Bank halted bond purchases HIGHLIGHT European leaders are committed to holding firm on the terms they negotiated in the agreement which PM May has pitched to her parliamentary colleagues. Read more
The Dollar has been trading mixed-to-firmer, losing a little ground to the Euro and the Pound, both of which settled after falling sharply over the last day, while gaining versus the Yen and other currencies. Both the Euro the Pound remain heavy overall as political uncertain envelopes sentiment, with French President Macron facing a parliamentary debate tomorrow on possible no confidence vote and UK Prime Minister May facing an actual no confidence vote today (the result of which should be known by around 21:00 GTM, or 16:00 ET). Read more
A risk-on theme has been coursing through forex markets, concomitantly with rallying global equity markets, which has seen the Dollar bloc currencies rise and the Yen decline. The biggest mover out of the main Dollar pairings and associated cross rates has been AUD-JPY, which is showing a 0.4% gain heading into the London interbank open. Read more
The Dollar eased some in N.Y. trade on Wednesday, taking the DXY to 96.90 lows from overnight highs of 97.49. A benign U.S. CPI print weighed some on the Greenback, as did the return of risk-on conditions following reports of progress in the U.S./China trade war. Read more
OVERVIEW UK PM May vows to resist being pushed from Parliament and has the support of at least 158 of her Conservative party allies US crude oil and gasoline inventories exceed 5-year averages. Gold crept up to $1,245.29 per ounce, as US CPI slides to 0.0 and Core CPI dropped to 0.2 percent HIGHLIGHT British PM Theresa May may not have a meaningful vote date, but the GBP USD chart shows a jump higher today. Read more
The Dollar has been trading mixed-to-firmer, losing a little ground to the Euro and the Pound, both of which settled after falling sharply over the last day, while gaining versus the Yen and other currencies. Both the Euro the Pound remain heavy overall as political uncertain envelopes sentiment, with French President Macron facing a parliamentary debate tomorrow on possible no confidence vote and UK Prime Minister May facing an actual no confidence vote today (the result of which should be known by around 21:00 GTM, or 16:00 ET). Read more
The Dollar has plied narrow ranges against most other currencies so far today, although a theme of Yen underperformance lifted USD-JPY to a nine-day high of 113.51, extending a rebound from the six-week low that was seen last week at 112.23. The weakness in the Japanese currency has been concomitant with a revival in risk appetite amid encouraging signs of potential progress in U.S.-China trade relations. Read more
The Dollar moved higher in N.Y. on Tuesday, aided early on by warmer core U.S. PPI data. The Dollar index posted two-week highs of 97.53 before steadying. Wall Street kept a bid in the dollar, as choppy conditions there provided some safe-haven USD flows. Read more
