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The yen has been outperforming so far today, with the dollar following behind. The biggest losers out of the main currencies were the euro and the pound. Stock markets in Europe flagged, while S&P 500 futures rose nearly 1%, and oil prices hit fresh rebound highs. Read more
Currencies have been plying overall narrow ranges so far today against a backdrop of mostly buoyant global stock markets and a fresh three-week high in oil prices, with investors anticipating a lift in demand as economies reopen from lockdowns. Chinese markets reopened from the extended May Day holiday, while Japanese markets remained closed (reopening tomorrow). Read more
The DXY printed one-week highs of 99.97 into the open on Tuesday, up from the 99.33 low seen in London morning trade. The Dollar pulled back some in early N.Y. trade, later recovering to near unchanged on the session. Incoming data saw the March trade deficit wide, while the services ISM fell less than expected, but still to 11-year lows. Read more
The dollar and yen have risen against most currencies during the European morning, correcting some of the losses seen against the commodity currencies during the Asia-Pacific session. The two currencies, which have broken the recent correlative pattern by rising despite a backdrop of buoyant global stock markets, were the main benefactors of broad euro weakness. Read more
The dollar ebbed back a little while the commodity currencies lifted moderately as stock markets mustered up gains. Many economies are already in or heading to a phased reopening from lockdowns, while there was a lack of follow-through (so far) on U.S. Read more
The DXY rallied from Asian opening lows of 99.09 to 99.60 highs during the N.Y. session, driven largely by EUR-USD losses. Major Dollar pairing ranges were relatively narrow again, as has been the case of late. For data, the March factory report was weak, but near expectations, resulting in little market impact. Read more
The dollar has lifted across-the-board on a safe-haven bid against a backdrop of tumbling stock markets in Europe and Asia, and with S&P 500 futures racking up losses of about 1%. Both Japanese and Chinese markets were closed, with both countries an extended public holiday periods. Read more
The dollar has lifted across-the-board amid a safe-haven bid against a backdrop of tumbling stock markets in Asia. Trading conditions have been thin with both Japan and China amid a week-long holiday period. The narrow trade-weighted USD index lifted above its Friday peak in making a high at 99.46, gaining about 0.9% from the lows. Read more
The Dollar stumbled early in the N.Y. session on Friday, taking the DXY to one-month lows of 98.79. The USD later perked up some, with short covering into the weekend reported. Incoming data was weak, though better than consensus forecasts. The April manufacturing ISM came in at 41.5, while March construction spending rose, against forecasts for a decline. Read more
The yen has outperformed while commodity currencies have underperformed amid a sharp phase of risk-off positioning. The dollar traded mixed, losing ground to the yen and euro, among other currencies, while gaining on the Australian and Canadian dollars, among others. Read more
