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The Dollar was lower into the weekend in N.Y. trade, taking the DXY to seven-session lows of 97.96. Incoming U.S. data overall missed expectations, which weighed on the USD. Ex-auto retails sales, industrial production, import prices, and the Empire State index were all weaker than consensus forecasts. Read more
A risk-on positioning theme has been prevailing so far today, which has lifted global stock markets (Hong Kong and China excepted) and has seen the dollar and, more particularly, the yen ebb, while the likes of the Australian and Canadian dollars, along with many developing-world currencies, have risen. Read more
The dollar and yen have traded softer amid a backdrop of risk-on positioning. The S&P 500 posted yet another record closing high on Wall Street yesterday, and futures of the index are up 0.3% in overnight trading. Most Asian markets have also gained, though Hong Kong and Chinese markets flagged. Read more
The Dollar took a bit of a hit in N.Y. trade on Thursday, despite a warmer U.S. PPI outcome. Firmer jobless claims, along with generally risk-off conditions, which saw Treasury yields fall back, weighed on the Greenback to an extent. The DXY slipped back to 98.16, from pre-open levels of 98.42. Read more
Both the dollar and yen have seen fresh highs against a range of currencies, while the Australian dollar came under particular pressure following weak data out of Australia and China. The euro also posted fresh lows against most other currencies. All this came against a backdrop of sputtering global stock markets. Read more
Both the dollar and yen have continued to hold firm against most other currencies amid a backdrop of sputtering global stock markets. The Australian dollar dove following the release of Australia's October employment report, which showed the unemployment rate ticking higher, to 5.3% from 5.2%. Read more
The Dollar index posted fresh trend highs of 98.45 ahead of the N.Y. open on Wednesday, though settled inside a narrow range through the day. A slightly warmer CPI outcome had little impact on the USD, while a fall in Treasury yields as risk conditions faded, and a benign Powell speech weighed slightly on the Greenback. Read more
The dollar has been putting in a mixed performance so far today posting fresh highs versus the euro and Canadian dollar while losing ground to the yen and Swiss franc, which outperformed most other currencies on a safe-haven bid amid wobbling global stock markets, and the New Zealand dollar, which surged by over 1% after the RBNZ surprised markets by refraining from cutting interest rates following its policy meeting today. Read more
The New Zealand dollar surged by over 1% against the dollar and other currencies after the RBNZ surprised markets by refraining from cutting interest rates following its policy meeting today. NZ money market futures had been implying odds of 75% for the central bank to cut the benchmark rate to a new record low of 0.75%, which was instead left at 1.00%. Read more
