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The yen surged and then sharply more than unwound gains in volatile trading during morning trading in Tokyo. The rally in the Japanese currency was part of a broader dash for safe haven assets and currencies following news that Iran had fired missiles at two U.S. Read more
The yen surged and then sharply unwound gains in volatile trading during morning trading in Tokyo. The rally in the Japanese currency was part of a broader dash for safe haven assets and currencies following news that Iran had fired missiles at two U.S. Read more
The Dollar was higher in N.Y. trade on Tuesday, taking the DXY to highs of the week at 97.09 from opening levels near 96.73. Safe-haven USD buying was a feature through the session, driven by the nervous geopolitical backdrop. A much stronger services ISM helped support the Greenback as well. Read more
The dollar has traded mostly firmer, retracing losses seen yesterday by varying degrees. The narrow trade-weighted USD index (DXY) rebounded about half of the drop it saw yesterday in lifting back above 96.80, while EUR-USD concurrently ebbed back under the 1.1200 level. Read more
The Australian dollar has remained under pressure, despite global stock markets having taken a turn higher as markets reappraise the U.S. versus Iran stand off. A Caixin report saying that China will not increase its annual low-tariff import quotas for U.S. Read more
The Dollar rallied modestly through the N.Y. session on Monday, with gains driven by safe-haven buying. The worsening geopolitical backdrop should limit USD downside for the time being, as traders brace for retaliation from Iran, and potential for further escalation. Read more
The yen posted fresh highs as stock markets continued to fall in Asia with market participants fretting about upscaling risks for a deepening conflict between the U.S. and Iran. President Trump threatened "major retaliation" if Iran responded to the U.S. Read more
The yen posted fresh highs as stock markets continued to fall in Asia with market participants fretting about upscaling risks for a deepening conflict between the U.S. and Iran. President Trump threatened "major retaliation" if Iran responded to the U.S. Read more
The Dollar and Yen rallied some overnight on Friday, supported by safe-haven buying following the U.S. drone strike in Iraq, which killed a top Iranian general. The USD later gave back gains as the initial fears of immediate Iran reprisal faded, the U.S. Read more
The dollar and yen rallied on the back of safe-haven demand following U.S. air strikes that killed the head of Iran's elite Revolutionary Guard's overseas unit. The news also saw sovereign bonds rise, gold prices rally by over 1.5%, and oil prices by over 3%, while stock markets, richly valued after recent gains (Apple shares traded above $300 for the first time yesterday, for instance), declined. Read more
