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Narrow ranges have prevailed so far today, with the dollar consolidating after edging lower in recent sessions following the misses in December jobs and CPI data out of the U.S. EUR-USD plied a narrow range under the eight-day high seen yesterday at 1.1163. Read more
The DXY fell to six-session lows of 97.16, down from overnight lows of 97.44. Cooler U.S. PPI numbers weighed on the USD, though narrow trading ranges were again the rule through the session. The signing of the phase one U.S./China trade deal supported risk-on conditions, which pushed Wall Street to fresh record highs. Read more
The dollar has been trading with an overall downward tilt, while the yen has posted gains amid a reversal in risk-on positioning on news that U.S. tariffs on Chinese goods would remain in place until the completion of the second phase of the trade agreement with China. Read more
The yen has firmed up amid trimming of risk-on positioning in global markets after U.S. Treasury Secretary Mnuchin said late yesterday that tariffs on Chinese goods would remain in place until the completion of the second phase of the U.S.-China trade agreement. Read more
The Dollar was on a marginally softer footing in N.Y. trade on Tuesday, though narrow ranges were pretty much the rule. U.S. December CPI was a tenth cooler on the core reading, though had little impact on the FX market, though Treasury yields moved lower, and Wall Street was mixed. Read more
The yen posted fresh lows before rebounding a little, as the global stock market rally started to flag ahead of tomorrow's signing of the U.S.-China phase-1 trade deal. USD-JPY posted a new trend high at 110-21, the first time the pair has traded above 110.00 since last May, before receding to the upper 109.00s. Read more
A fresh injection of risk-on trading saw the yen decline further, while most Asian stock markets continued to rally. China reported its first y/y increase in exports in five months, of 7.6%, which beat the consensus forecast for 3.2% growth, while a source cited by Reuters said that Beijing has pledged to buy an addition $80 bln worth of manufactured goods from the U.S. Read more
The Dollar turned modestly lower overall in N.Y. on Monday, though remains near the top of its January trading range. There was no data to drive direction, though a generally risk-on backdrop saw some USD safe-haven outflows. Wall Street moved to fresh record highs, while Treasury yields moved higher as well. Read more
Both the yen and the pound underperformed notably, while the dollar traded mixed. USD-JPY punched above the early-December 109.72 high on route to printing an eight-month high at 109.92. EUR-JPY concurrently hit a two-week high, and AUD-JPY an 11-day peak. Read more
Sterling has taken a turn lower in early week trading, with markets reacting to both dovish BoE-speak and to a report from the UK's Institute for Government finding that it will be impossible to deliver the computer systems for the special arrangements for Northern Ireland's border by the end of the year. Read more
