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Risk-on positioning has supported the dollar and yen weighing driving underperformance in commodity and other currencies with a higher beta characteristic. Multiplying coronavirus infections across the U.S. and in other places across the world, including Tokyo, Hong Kong, Melbourne, along with a number of clusters in Europe, have spooked investors. Read more
The Dollar got a boost in the wake of the SCOTUS ruling on Vance v Trump, allowing the New York grand jury to have access to President Trump's tax returns and other financial records. The USD had been trending lower ahead of the ruling, as modest risk-on conditions were in place. Read more
The dollar pared declines as a mostly risk-on session in Asia, led by a continued rally in Chinese stocks, gave way to a less certain session in European markets. The narrow trade-weighted USD index recouped to levels around 96.50 after earlier printing a one-month low at 96.24. Read more
The dollar weakened as risk-on positioning ensued. The narrow trade-weighted USD index printed a one-month low at 96.24. An ongoing surge in China stock markets, which has been accompanied by gains in the yuan, have continued to drive a glass-half-full sentiment in global markets. Read more
The Dollar was mostly lower in N.Y. on Wednesday, taking the DXY to better than two-week lows of 96.40 from early highs of 96.95. Risk-taking levels flipped from negative to positive early on, resulting in higher equities and yields. This again saw safe-haven flows out of the Dollar. Read more
The dollar and yen picked up moderate demand against most other currencies has European stock markets decline and U.S. equity index futures gave up gains and went flat on the day, which followed a mixed session across Asian asset markets. Market participants mindful of the potentially economically disrupting new waves and clusters of coronavirus infection outbreaks in reopening economies. Read more
The dollar majors have been plying narrow ranges so far today, with global markets generally in somewhat of a directional stasis presently, with participants mindful of the potentially economically disrupting new waves and clusters of coronavirus infection outbreaks in reopening economies. Read more
The Dollar was choppy, but little changed overall in N.Y. trade on Tuesday, generally reacting to the risk backdrop. There was no data to move markets, though Wall Street posted losses as investors have a rethink, at least for now, on the economic growth outlook, as COVID hot spots continue to slow reopenings around the world. Read more
The dollar has settled higher after drifting lower yesterday. This came with global stock market, ex-China, having corrected after rallying yesterday. The MSCI Asia-Pacific stock index ebbed back from yesterday's four-and-a-half-month peak, which was the culmination of a 7% rally over a five-day period. Read more
