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The dollar has softened against its peers amid a risk-on backdrop on global stock markets. News that University of Oxford/AstraZeneca resumed its phase-3 trial of its candidate vaccine for the coronavirus was taken as a buying cue for stock investors. Read more
Narrow ranges have been prevailing so far today. A backdrop of rallying stock markets haven't inspired directional impetus in the forex realm. News that University of Oxford/AstraZeneca resumed its phase-3 trial of its candidate vaccine for the coronavirus was taken as a buying cue for stock investors. Read more
The DXY was modestly higher in N.Y. on Friday, heading from 93.10 lows to 93.38 high in light trade. Warmer August CPI helped USD sentiment, but most major Dollar pairings plied relatively narrow ranges. The greenback found some safe-haven buying into the weekend, as Wall Street squandered early gains. Read more
The dollar and yen remained on a softening tack, the pound hit fresh lows before paring losses, while the euro and dollar bloc currencies occupied the outperforming lane. EUR-USD drifted higher, posting an intraday peak at 1.1874. Broad demand for the euro has been driving, while concurrent gains in the dollar bloc currencies have been putting pressure on the dollar. Read more
The dollar and yen ebbed moderately, especially against the dollar bloc currencies, which lifted concomitantly with a rebound in U.S. equity index futures after another sharply negative close on Wall Street yesterday. Global stock markets are still set for their first down week since March. Read more
The Dollar started the session on a softer footing in N.Y. on Thursday, as risk-on conditions looked to be in order for the day. ECB chief Lagarde at her press conference was less than dovish in her presser, and for now, remains unconcerned by Euro strength. Read more
The dollar has been on the ebb, inversely correlating with the strong rebound on Wall Street yesterday, which spilled over to most Asian stock markets today. The USD index (DXY) drifted to a two-day low at 93.02, while EUR-USD etched out a three-day high at 1.1846, extending the rebound from yesterday's one-month low at 1.1753. Read more
The dollar has been on the ebb, inversely correlating with the strong rebound on Wall Street yesterday, which spilled over to most Asian stock markets today. The USD index (DXY) drifted to a two-day low at 93.07, while EUR-USD etched out a three-day high at 1.1836, extending the rebound from yesterday's one-month low at 1.1753. Read more
The DXY pulled back in N.Y. trade on Wednesday, after printing a one-month high of 93.65 ahead of the open. The index bottomed at 93.15 in late morning trade. Wall Street rallied sharply, with tech sector buying leading the charge, as investors were quick to step back in after the NASDAQ corrected 10% over the past few sessions from recent highs. Read more
Dollar and yen firmness, and sterling underperformance has continued for a second day. The narrow trade-weighted USD index (DXY) lifted to a one-month peak at 93.64, extending the rebound from the 29-month low that was seen last week at 91.75. EUR-USD concurrently carved at a one-month low at 1.1753. Read more
