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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
The Dollar stumbled a bit early in the session on Tuesday, though later perked up some. For the most part, narrow trading ranges prevailed, as the FX market remains in consolidation mode, likely to continue until we get a better sense of how the unlocking of economies turns out. Read more
The dollar retreated after posting an 18-day high at 100.44, as measured by the narrow trade-weighted DXY index. EUR-USD concurrently rebounded to a high of 1.0837 after posting a five-day low at 1.0784. The dollar's biggest decline was seen against the commodity currencies, which rebounded during the London morning after underperforming during the Asia-Pacific session, correlating inversely with stock markets, with European stock markets rallying after a mostly negative day across Asia-Pacific bourses. Read more
A decline in commodity prices has been the main theme so far today, which has been concomitant with a rotation lower in global stock markets. AUD-USD dropped by about 0.5% in printing a five-day low at 0.6432. The Kiwi dollar has seen a similar price action, as has the Canadian dollar and other commodity correlators. Read more
The Dollar was firmer to start the week, taking the DXY from early lows of 99.93 to a high of 100.28. Trading ranges were relatively narrow. There was no data released on Monday. Wall Street started out under water, though improved some later in the session, as tech stocks outperformed. Read more
The dollar picked up safe haven demand as equity markets turned lower during the European morning after most markets in Asia-Pacific rose, while commodity currencies more than gave back intraday gains. The narrow trade-weighted USD index posted a four-day high at 100.09. Read more
