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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
The dollar traded softer for a third day amid a backdrop of buoyant global stock markets. The MSCI Asia-Pacific index clocked a fresh record high. The 'looking-past-Covid' reflation trade seems to have stirred, following recent dormancy, aided by the anticipation of a big spending Biden era in the U.S. Read more
The dollar has traded softer for a third day amid a backdrop of buoyant global stock markets. The MSCI Asia-Pacific index clocked a fresh record high. This followed a positive session on Wall Street, though the main indices there closed below their recent record peaks. Read more
The Dollar plied a narrow range overall in N.Y. on Tuesday, leaving the DXY between 90.40 and 90.58. There was no data to drive the USD, and some consolidation appeared to be settling in ahead of the inauguration on Wednesday. Ongoing talk of massive fiscal stimulus under the Democrats supported Wall Street, which posted decent gains. Read more
The dollar and yen came under pressure today after rallying yesterday. A bullish sentiment global stock markets has boosted other currencies, particularly the dollar bloc and other cyclical units. The MSCI Asia-Pacific index rose over 1.5% and clocked a new record high, buoyed in the wake of strong GDP and production data out of China yesterday. Read more
The dollar has dropped today after rallying yesterday. A bullish sentiment on Asian stock markets boosted other currencies, particularly the dollar bloc and other cyclical units. The MSCI Asia-Pacific index rose over 1.5% to within a few pips of record highs. Read more
The DXY dollar index has posted a one-month high at 90.95, which sets up potential for a third consecutive up week, which is something that hasn't been seen since January last year. Other currencies have mostly softened, especially the dollar bloc and other cyclical currencies as global stock markets have continued to sputter. Read more
The DXY dollar index has posted a one-month high at 90.88, which sets up potential for a third consecutive up week, which is something that hasn't been seen since January last year. Other currencies have mostly softened, especially the dollar bloc and other cyclical currencies as global stock markets have continued to sputter. Read more
The Dollar rallied in N.Y. on Friday, seeing the DXY print one-month highs of 90.77, up from 90.43 in early trade. Despite some data misses and lower Treasury yields, the USD posted gains against all major currencies. Hopes for a more efficient rollout of Covid vaccines, and a quicker economic recovery supported the Greenback. Read more
The dollar has traded moderately firmer, while modest weakness has been seen in the euro and yen, alongside a smidgen of firmness in the Canadian dollar. EUR-USD edged out a two-day low at 1.2136, which is 4 pips shy of the 24-day low that was seen earlier in the week. Read more
