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The Dollar fell through the N.Y. morning session on Tuesday, with gains in the Euro and Pound again weighing on the USD. News that the U.K. Labour Party, the principal opposition in the UK, will back a general election in early December was a driver of both GBP and EUR strength. Read more
The pound leapt upward in late London morning trading on news that the Labour Party, the principal opposition in the UK, will back a general election in early December, which now looks inevitable. Cable sprang to around 1.2870-75 from the low 1.2800s, and the UK currency posted gains versus other currencies. Read more
The yen ebbed to fresh lows against a number of currencies as market positioning continue to skew away from the safe haven currency. USD-JPY eked out a fresh three-month high at 109.06, while EUR-JPY and AUD-JPY lifted to respective five- and eight-day highs. Read more
The Dollar was mixed overall in N.Y. trade on Monday, with USD-JPY leading the gainers. That pairing briefly topped at 109.04, a near three-month high. EUR-USD was range bound between 1.1085 and 1.1101. USD-CAD printed three-month lows of 1.3050, while GBP-USD topped at 1.2875. Read more
The pound and the euro has seen modest strength after the EU affirmed that a three-month Brexit extension would be permitted to the UK, which effectively rule out a no-deal Brexit this Thursday (being October 31). Cable posted a high at 1.2859, which is just 4 pips shy of the peak seen on Friday, before ebbing back to around 1.2830, which still left the pound at modestly higher levels on the day. Read more
USD-JPY edged out an 11-day high at 108.79, surpassing Friday's high by 2 pips. The New Zealand dollar also saw an 11-day low versus the U.S. currency, while the Canadian dollar nudged just below the low it saw against the U.S. buck on Friday. Ranges have been narrow, while most of the other main currency pairings and cross rates remained comfortably within respective Friday ranges. Read more
FX Trade was quiet in N.Y. on Friday, though the Dollar rose overall. The DXY moved to seven-session highs of 97.90, posting the bulk of gains at the expense of the Euro and Pound. A slight University of Michigan consumer sentiment miss had little impact on trade. Read more
Directionally inactive best describes trading among the main currencies so far today. The Brexit process has become snarled up (again), and market narratives are expressing a wariness ahead of top-level talks between U.S. and Chinese officials later today, and into monetary policy meetings at the Fed and BoJ next week. Read more
The dollar has been holding steady against most other currencies to far today, losing a little ground to the Australian and Canadian dollars, but remaining comfortably within respective ranges from yesterday. EUR-USD has been holding steady just above 1.1100, and USD-JPY has been amid a narrow chop around the 108.50-60 area. Read more
The Dollar was higher in N.Y. traded on Thursday, despite weak U.S. durable goods orders, mixed equities, and lower Treasury yields. Most of the USD gains came at the expense of the Euro and pound, as EUR-USD slipped under 1.1100 following a dovish ECB outlook, while Sterling slid on Brexit uncertainty, later recovering some as PM Johnson called a December 12 election. Read more
