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The Dollar rallied through the overnight session, as safe-haven flows headed to the USD following China's likely legislation to crack down on Hong Kong's autonomy. In N.Y. trade, the Greenback retained its bid, though narrow ranges prevailed with the major pairings, and activity slowed into the Long Memorial Day weekend. Read more
The dollar and yen are in outperforming mode as global stocks drop as China, at its annual National People's Congress, confirmed that there will be a bill establishing "an enforcement mechanism for ensuring national security" for Hong Kong. U.S. President Trump had earlier said he would "react strongly" if Beijing proceeds with this plan, which will quash democracy in the Special Administrative Region and break the 50-year "one country, two systems" agreement made with the UK at the 1997 handover. Read more
The dollar and yen are in outperforming mode as global stocks drop as China, at its annual National People's Congress, confirmed that there will be a bill establishing "an enforcement mechanism for ensuring national security" for Hong Kong. U.S. President Trump had earlier said he would "react strongly" if Beijing proceeds with this plan, which will quash democracy in the Special Administrative Region and break the 50-year "one country, two systems" agreement made with the UK at the 1997 handover. Read more
The Dollar was mostly firmer in the aftermath of the still bad, but generally better than expected U.S. data releases, which had jobless claims above forecasts, the Philly Fed index beat consensus, while leading indicators and existing home sales were less-bad than expected. Read more
The dollar has picked up safe haven demand as stock markets flagged in Europe and the Asia-Pacific region, and with S&P 500 futures correcting most of the gains seen during Wednesday's regular session on Wall Street. The narrow trade-weighted USD index rebounded to a high at 99.43, up from the 17-day low seen yesterday at 99.01. Read more
The dollar has picked up safe haven demand as stock markets flagged in the Asia-Pacific region, and with S&P 500 futures correcting most of the gains seen during Wednesday's regular session on Wall Street. The narrow trade-weighted USD index rebounded to a high at 99.43, up from the 17-day low seen yesterday at 99.01. Read more
The DXY fell to near three-week lows of 99.01 on morning trade on Wednesday, later recovering some lost ground, and retracing to near 99.25. Wall Street rallied, and Treasury yields inched higher, as hopes for economic recovery set in. There were no data of noted. Read more
The dollar majors have been seeing narrow ranges while commodity currencies have lifted. Stock markets flagged somewhat in Asia and Europe, though S&P 500 futures have rallied by over 1%, pointing to a reversal of yesterday's losses at the open of Wall Street today. Read more
Directionally challenged have been the major dollar pairings and associated cross rates so far today, which has come against a backdrop of flagging stock markets, although S&P 500 futures have managed a 0.5% gain in overnight trading after the cash version of the index close on Wall Street yesterday with a 1.05% loss. Read more
