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The dollar majors have been trading without direction. European stock markets declined modestly, failing to sustain the positive vibe that was seen across Asian markets, which were lifted by data showing China had received $163 bln of foreign direct investment inflows in 2020, more than the U.S. Read more
The dollar is modestly lower amid a risk-on backdrop in asset markets. Data showing China had received $163 bln of foreign direct investment inflows, more than the U.S. received, boosted sentiment across Asian equity bourses. The MSCI Asia-Pacific came within a whisker of a new record high. Read more
FX trade was choppy on Friday, leaving the DXY gyrating in a relatively narrow range between 90.06 and 90.30. Early risk-off conditions resulted in some safe-haven USD buying, though as Stocks moved off their worst levels, the Greenback faded again. Incoming U.S. Read more
The dollar has traded mostly firmer up on a safe haven bid with the reflation trade having come to a firm stop. The DXY dollar index lifted moderately to a 90.26 high after basing out at a nine-day low at 90.05. The greenback still lost ground to the euro, which outperformed as market participants continued to adjust to the less dovish than anticipated ECB policy statement of yesterday. Read more
The dollar has firmed up on a safe haven bid with the reflation trade having come to a firm stop. The DXY dollar index lifted moderately to a 90.26 high after basing out at a nine-day low at 90.05. The U.S. currency gained only marginally against the euro and yen, but racked up gains of around 0.4% to 0.5% against the pound and dollar bloc currencies. Read more
The Dollar lost modest ground in N.Y. on Thursday, though major USD pairing trading ranges remained relatively narrow. The DXY put in its third-consecutive lower daily low, bottoming at a seven-session base of 90.05. Incoming U.S. data was mostly positive, though initial jobless claims remained elevated. Read more
The DXY dollar index edged out a six-day low at 90.18 in what is now a third consecutive day of lower lows. The main U.S. equity indices on Wall Street clocked fresh record highs yesterday, as did the MSCI Asia-Pacific index today. Europe's Stoxx 600 was showing a 0.5% gain as of the late London morning, though remained just shy of recent 11-month peaks. Read more
The DXY dollar index edged out a six-day low at 90.25 in what is now a third consecutive day of lower lows, despite both EUR-USD and Cable, while buoyant, remaining below their respective Wednesday highs. USD-JPY, however, printed a two-week low at 103.33, and AUD-USD saw a five-day high. Read more
The Dollar started Wednesday's session on a slightly firmer footing, though later faded to near unchanged levels on the session. Some consolidation has been noted this week, following better than a week of gains seen once it became apparent the Democrats would control Washington, and likely push for huge fiscal stimulus, aimed at getting the economy back in recovery mode. Read more
