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The dollar has softened concurrently with rallying global stock markets, losing most ground to the pound, which surged. The yen pared intraday gains as the equity rally picked up momentum during the European morning session. The USD index (DXY) dropped by 0.5% to within a pip of Friday's low at 94.19, while EUR-USD rebounded to a 1.1665 high after earlier pegging a low at 1.1615. Read more
The yen posted moderate gains in otherwise quiet, narrowly ranging currency markets. USD-JPY and yen crosses softened. More ECB policymaker signalling about their concern of euro valuations elicited EUR-JPY selling, which tipped the cross to a two-month low at 122.38. Read more
The DXY printed fresh trend high of 94.74 in N.Y. on Friday, marking its sixth-straight higher daily high. Incoming U.S. data was light, though the durable orders outcome missed the mark, but had little lasting impact. Wall Street was extremely choppy through the session, as COVID, stimulus and election concerns kept investors off balance, though the major indices rallied to close higher in afternoon trade. Read more
The dollar rose during the European morning, though remained below highs seen yesterday against most currencies. This occurred against a backdrop of steepening stock market losses in Europe, as rich valuations clash with evolving realities as Covid cases surge, along with associated restrictions and localized lockdowns. Read more
The dollar settled off its Thursday highs in narrow range trading into the London interbank open. EUR-USD saw a less than 15-pip range around 1.1665-75, holding above the two-month low that was seen yesterday at 1.1626. Cable saw a similar price action. Read more
The Dollar index printed new two-month highs of 94.59, later easing back to 94.27. USD profit taking set in as risk appetite shifted to positive from negative, after Treasury Secretary Mnuchin indicated further stimulus talks with Speaker Pelosi could be in the cards in the coming days. Read more
The dollar gained for a fourth consecutive day. Global stock markets and commodity prices are sputtering, with yesterday's rebound failing to sustain. EUR-USD made an eight-week low at 1.1633. USD-JPY lifted above 105.50, while most yen crosses have traded lower. Read more
The dollar is up for a fourth consecutive day, and the yen also gained in lockstep versus other currencie. The biggest losers were the dollar bloc and other commodity-correlating currencies, along with many developing world currencies, in what is a classic risk-off positioning pattern. Read more
The DXY printed two-month highs of 94.30 in N.Y. morning trade on Wednesday, rallying early in the session before turning sideways. Today marked the third straight day of USD gains, which largely came on the back of safe-haven demand. Growing virus threats in Europe, weighing on growth prospects there, along with general market angst on politics, and the uncertain upcoming November election have driven USD inflows. Read more
The dollar pulled back a little after posting fresh highs. This saw EUR-USD lift back above 1.1700 after earlier posting fell to an eight-week low at 1.1673. A strong rebound in global stock markets is putting pressure back on the dollar and giving EUR-USD buoyancy, although with the ECB having engaged in a form of verbal intervention and with many European nations implementing the tightest restrictions since the March-April lockdowns amid a surge in positive coronavirus test results across the region, upside potential for EUR-USD may be limited. Read more
