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The commodity currencies have traded firmer, concomitantly with a rise stock markets, which have posted moderate gains in Asia-Pacific markets, while S&P 500 futures have rallied by over 1%. This came after Fed Chairman Powell warned that the Fed is not out of ammunition, and could do more, while warning that he wouldn't bet against the U.S. Read more
The Dollar fell early in the N.Y. Friday session, as sellers stepped in following the abysmal U.S. retail sales and industrial production data. The DXY fell from 100.49 to 100.09, though later rebounding to 100.47 highs on pre-weekend USD short covering. Read more
The dollar took a moderate rotation lower as stock markets in Europe rallied. The narrow trade-weighted USD index dipped from levels near 100.40 to a low at 110.18, which is 3 pips shy of yesterday's low. EUR-USD concurrently pushed to a 1.0820 high, up from a low at 1.0793. Read more
The dollar has settled off its Thursday highs and most commodity currencies softened after rising during the New York afternoon session yesterday, gains which had been concurrent with a rebound on Wall Street. Asian stock markets followed U.S. markets higher, but gains were pared and Chinese and some other markets turned negative amid persisting concerns about souring U.S.-China relations and the risk of second-wave coronavirus outbreaks as economies reopen. Read more
The Dollar faded lower in morning trade on Thursday, later perking back up in another relatively quiet FX session. The USD shrugged off the higher than forecast jobless claims, and deflationary trade prices, though Wall Street took a dive, before later turning higher. Read more
The dollar and yen have picked up safe haven demand as Wall Street once again led a rotation lower in global equity markets. The narrow trade-weighted USD index printed a two-day high at 100.41, while EUR-USD concurrently edged out a two-day low at 1.0790. Read more
The dollar and yen have picked up safe haven demand as Wall Street once again led a rotation lower in global equity markets. The narrow trade-weighted USD index printed a two-day high at 100.34, while EUR-USD concurrently edged out a two-day low at 1.0802. Read more
The dollar was mostly higher in N.Y. on Wednesday, gaining ground on safe-haven flows following Fed chair Powell's downbeat economic outlook in the face of the pandemic. In addition, Powell down played the prospects of negative interest rates, which was supportive of the USD. Read more
The dollar has remained heavy, although having lifted out of its lows yesterday. Amid concerns about a second wave of coronavirus infections as economies reopen, and with disinflationary pressures taking a grip, and U.S. money markets going some way to pricing in negative interest rates, the pressure is mounting on the Fed, which has been weighing on the dollar. Read more
The dollar has remained heavy, although having lifted out of its lows yesterday. Amid concerns about a second wave of coronavirus infections as economies reopen, and with disinflationary pressures taking a grip, and U.S. money markets pricing in the negative interest rates, the pressure is mounting on the Fed, which has been weighing on the dollar. Read more
