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The Dollar and Yen rallied modestly in N.Y. trade on Friday, with safe-haven buying the main driver into the weekend. Nerves were ramped up some as the coronavirus outbreak appeared to have worsened. More cities on lockdown in China, along with reports that a second U.S. Read more
The yen has steadied at softer levels. There was a general lack of direction in Asian markets while European stock markets and U.S. index futures posted gains. China, Taiwan and South Korea markets were closed for Lunar New Year holidays, with the former two now closed through to the end of next week. Read more
Narrow ranges have been seen in currency markets in sympathy with directionless trading in stocks and other markets. China, Taiwan and South Korea markets were closed for Lunar New Year holidays, with the former two now closed through to the end of next week. Read more
The Dollar index touched one-month highs of 97.80 in N.Y. trade on Thursday, though major USD pairings were mixed overall. EUR-USD pulled back to 1.1036 in morning trade, weighed by an ECB meeting which indicated no end in sight to the ultra-easy policy stance. Read more
Sentiment remained fickle, with a 3%-plus dive in China's bellwether leading a sharply risk-off session in Asia markets, while the mood during in European markets was more measured, with the main indices, and U.S. index futures, holding near flat. This backdrop saw the yen and Swiss franc rally to fresh highs before both currencies settled. Read more
The yen rallied as Asian stock markets dropped quite sharply, led by a 3%-plus plunge in China's bellwether CSI 300 index amid concerns about contagion (and mutation) of the coronavirus, with concerns remaining, despite Beijing's best efforts, that the upcoming Lunar New Year holiday period will accelerate its spread. Read more
The FX market remained quiet in N.Y. on Wednesday, leaving most Dollar pairings little changed. The DXY was lifted slightly in early trade, later giving back its gains. Wall Street was choppy, though higher through the day. Treasury yields pulled back slightly, on a bit of residual sage-haven flows on the back of the coronavirus scare. Read more
The dollar has traded mostly firmer amid a fickle sentiment backdrop in global markets, which turning more cautious in Europe after a bullish session across Asian stock markets, which had been fostered by the swift and transparent response of China to the coronavirus outbreak. Read more
The dollar has traded steady-to-firmer amid a revival in risk appetite in global markets, brought about by the swift and transparent response of China to the coronavirus outbreak. Some market commentaries have been highlighting this contrasts to Beijing's initial cover-up of the SARS outbreak back in 2003. Read more
