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The dollar majors have been holding narrow ranges, though the pound still managed to carve out a fresh high against the dollar following a bellwether opinion poll showing PM Johnson's Conservative party is on track to win the upcoming UK general election with a "sizeable" majority. Read more
The pound has rallied to six-month highs against both the euro and yen, while printing a one-week high in the case against the dollar. The UK currency was given a boost by a much-watched poll, released late evening (UK time) yesterday, showing the Conservatives to be on course to win a working majority at the general election in two weeks. Read more
The Dollar advanced early in the N.Y. session on Thursday, supported by a better than expected Q3 GDP revision, and stronger durable orders data. The DXY popped to 98.44 from 98.28 at the open. The Greenback reversed lower following the 10:00 EST round of data, where personal income missed the mark. Read more
The dollar has been trading mixed so far today, edging out a new high versus the euro and Swiss franc, holding firm against the yen, but losing ground to the pound and Canadian dollars. The U.S. currency also pared earlier gains versus the Australian dollar. Read more
The dollar has traded moderately firmer. The narrow trade-weighted USD index (DXY) rose fractionally to 98.35, which is 3 pips shy of the 13-day high seen on Monday, while EUR-USD ebbed to a 1.1008 low, which is 1 pip short of yesterday's low and 5 pips short of the 13-day nadir seen on Monday. Read more
FX trade was very quiet in N.Y. on Tuesday, with narrow ranges the rule for major Dollar pairings. The Greenback ended up pretty much flat overall, with the DXY inching higher to 98.37 early on, then falling back to 98.27 lows through the afternoon. As has been the case of late, there was little reaction to the incoming U.S. Read more
A drop in the pound provided some directional action in an otherwise narrow trading ranges so far today. The yen managed to eke out fresh lows against the dollar and other currencies before finding a footing. The pound was showing a 0.4% loss against the euro as of the late London morning session, and was showing a 0.3% decline against both the dollar and euro. Read more
The yen printed fresh lows as a cautious risk-on sentiment persisted in markets in Asia after the three major U.S. equity indices posted new record highs. Top U.S. and Chinese trade negotiators held a telephone conference yesterday, while China's Global Times reported that the two sides were "moving closer to agreeing" a phase 1 deal (now more than six weeks after first being announced). Read more
The Dollar was firmer overall in N.Y. trade on Monday, leaving the DXY at eight session highs of 98.36 into the close. The only data release of note was a softer Dallas Fed index, but it had little impact on markets. The Dollar, and Wall Street were supported by news that China would begin cracking down on intellectual property infringements, taken as a positive sign on the trade front. Read more
The dollar firmed up during the London morning session, though lost ground to an underperforming pound, which benefited by the latest opinion polls showing PM Johnson's Conservative party has increased its lead, while paring Asia-session losses against the dollar bloc currencies. Read more
