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The Dollar headed higher overnight, though gave back much if its modest gains through the N.Y. session on Wednesday. Major pairings were largely in consolidation mode ahead of the long Easter weekend, with many on holiday Friday and Monday. There was no incoming U.S. Read more
The dollar rose after declining over the last two days. This comes with global stock markets returning to a sputtering price action following a two-day bounce. News that new coronavirus cases in China have doubled over the last day, and that a city in the north of the country went lockdown, just a day after Wuhan, where the pandemic originated, ended its two-month lockdown, spooked investors. Read more
The dollar has rallied across the board after declining over the last two days. This comes with global stock markets returning to a sputtering price action following a two-day bounce. News that new coronavirus cases in China have doubled over the last day, and that a city in the north of the country went lockdown, just a day after Wuhan, where the pandemic originated, ended its two-month lockdown, spooked investors. Read more
The Dollar headed mostly lower in N.Y. on Tuesday, after nearly a week of gains. Risk-on conditions prevailed, as the pandemic appears to be flattening out in some places. Wall Street took that as a positive, and rallied through much of the session, though a slide in oil prices due to the EIA cutting 2020 price forecasts saw stocks pare gains late in the session. Read more
Currencies have remained in a risk-on directional formation, with commodity and many developing-world currencies outperforming while the dollar, yen and, to a lesser extent, the Swiss franc underperform. This comes with equity markets amid day two of a rally pinned on tentative signs that the global coronavirus infection and mortality rates might be near to peaking. Read more
The commodity currencies outperformed some more, as did many developing-world currencies amid a backdrop of rising stock and commodity markets. Equity markets are amid day two of a rally pinned on tentative signs that the global coronavirus infection and mortality rates might be near to peaking. Read more
The Dollar was slightly higher overall in N.Y. on Monday, taking the DXY to eight-session highs of 100.93. Signs of pandemic "curve flattening" were reported around the world, including in hard-hit New York, which supported the Dollar, and saw Wall Street rally near 6%, and Treasury yields head higher. Read more
The yen has underperformed and commodity currencies have rallied strongly out of early weakness as a risk-on theme took hold in markets. Stock markets rallied in Asia and Europe, as did U.S. equity index futures ,on tentative signs in some locked-down countries in Europe that the coronavirus spread is being pushed from an exponential rate towards a linear rate, and with both France and Italy reporting a dip in the mortality rate. Read more
Commodity currencies have rallied out of early weakness as a risk-on theme took hold in markets, with Asian stock markets and U.S. and European equity index futures rallying on tentative signs in some locked-down countries that the coronavirus spread is being pushed from an exponential rate towards a linear rate, and with both France and Italy reporting a dip in the mortality rate. Read more
