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Risk-positioning has been underpinning the yen and the dollar. The biggest movers have been AUD-JPY and CAD-JPY, with respective daily losses of nearly 0.4%. Most developing-nation currencies were also showing declines. One standout mover has been the Canadian dollar, which has declined by about 1% from yesterday's lows against the U.S. Read more
The dollar and yen have firmed up amid a risk-off turn in global markets as tensions between the U.S. and China bubble up. The U.S. Senate yesterday passed a bill in support of Hong Kong's pro-democracy protestors, to which Beijing responded sharply, accusing Washington of being ignorant of "facts and truths" while threatening retaliation for interfering what it sees as its internal affairs. Read more
The Dollar was range bound in N.Y. trade on Tuesday, leaving the DXY inside of Monday's trading band. Incoming data was light, and an about as expected housing starts outcome had little impact on the markets. Risk off conditions prevailed, resulting in lower stocks and yields. Read more
The dollar traded without direction, on net, while the yen weakened moderately during the London morning, concomitantly with rising equity markets in Europe. The Japanese currency still remained above recent lows, having firmed yesterday in the wake of the CNBC report yesterday citing Chinese government sources saying that Beijing is pessimistic about reaching a deal with the U.S. Read more
The dollar has remained heavy against most of the other main currencies, although above the lows seen yesterday after CNBC reported that Beijing is pessimistic about reaching a deal with the U.S. One exception was the Australian dollar, with AUD-USD posting a four-day low at 0.6774 after the minutes to the RBA's early November meeting that it "agreed a case could be made" for another cut in the 0.75% cash rate given unwelcome weakness in wages growth and inflation. Read more
The Dollar fell in N.Y. trade on Monday, taking the DXY at two-week lows of 97.68, down from 97.96 highs seen at the open. There was little in the way of data to move the FX market, though reports that China may be having second thoughts on a trade deal knocked the Dollar, Treasury yields, and equities lower. Read more
The pound has rallied quite sharply, while the dollar and yen have underperformed among the other main currencies in early week trading so far. Cable printed a four-week high at 1.2985, which has drawn in the six-month high seen in last October at 1.3912. Read more
Sterling has rallied on weekend polls showing PM Johnson's Conservative Party having extended its lead in opinion polls. This strengthens the odds for the party to win the December-12 election and be returned to Parliament with a working majority, which in turn suggests that the Brexit deal on the table will be implemented in January, when the UK will then enter a transition phase through to the end of 2020. Read more
The Dollar was lower into the weekend in N.Y. trade, taking the DXY to seven-session lows of 97.96. Incoming U.S. data overall missed expectations, which weighed on the USD. Ex-auto retails sales, industrial production, import prices, and the Empire State index were all weaker than consensus forecasts. Read more
A risk-on positioning theme has been prevailing so far today, which has lifted global stock markets (Hong Kong and China excepted) and has seen the dollar and, more particularly, the yen ebb, while the likes of the Australian and Canadian dollars, along with many developing-world currencies, have risen. Read more
