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The DXY rallied to near three-week highs in N.Y. on Monday, after rallying out of 90.69 lows overnight. A calmer backdrop in the Bond market, and an easing of inflation fears ultimately allowed the index to rally some, following last week's near two-week lows. Read more
The dollar rebounded out of lows, with European markets on the bid after Asian markets were on the offer. European markets seemed more reactive to a lift in Treasury yields amid a backdrop of rebounding global stock markets and commodities. The DXY dollar index recovered from a 90.69 low to a three-week high at 91.13, while EUR-USD dropped 0.6% from the Asia-session high to a 12-day low at 1.2029. Read more
The dollar has corrected some of Friday's gains amid a recovery in risk appetite in global markets, which has come as bond yields retreated. The DXY dollar index has posted a low at 90.69, down from Friday's 11-day high at 90.97, while EUR-USD concurrently lifted to a high of 1.2101, up almost 40 pips from the 11-day low that was seen on Friday. Read more
The DXY to 90.92 highs in N.Y. on Friday, a seven-session peak, and up from overnight lows of 90.13. The Greenback reversed Thursday's losses, which came on the back of inflation fears, driven by surging Treasury yields. Since then, the market calmed some, with the USD advancing on those same higher yields. Read more
The dollar and yen rallied as a risk-off theme coursed through global markets, with equity markets, commodities, including base metals and oil, all tumbling. The sharp spike in U.S. and most other sovereign yields this week and the associated concerns about inflation have driven the correction in risk assets and currencies. Read more
The dollar and yen rallied as a risk-off theme coursed through global markets, with equity markets, commodities, including base metals and oil, all tumbling. The sharp spike in U.S. and most other sovereign yields this week and the associated concerns about inflation have driven the correction in risk assets and currencies. Read more
The DXY printed fresh seven-week lows of 89.68 in N.Y. morning trade on Thursday, despite better U.S. data, which included lower than expected jobless claims, an in-line Q4 GDP revision, and a surge in durable orders. The data had little impact on the Dollar, as focus remained on inflation, with higher Treasury yields being read as more a function of inflation fears, than growth expectations. Read more
The dollar remained under pressure, which drove the DXY index to seven-week lows under 89.75, as markets continued to react to Fed Chair Powell's attempt to convince markets that the punch bowel of monetary stimulus isn't going to be taken away anytime soon, even in the face of rising inflation. Read more
The DXY dollar index has sank to new six-week lows under 89.95 following Fed chair Powell's successful attempt to convince markets that the punch bowel of monetary stimulus isn't going to be taken away anytime soon, even in the face of rising inflation. Read more
