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The dollar firmed marginally in N.Y. trade on Thursday, as stocks advanced, and as Treasury yields edged up. Weekly jobless claims data were better than expected, and Q2 GDP was unrevised at 2.5%. FX dealings were fairly flat again, and major dollar pairings largely remained inside of well worn ranges. Read more
Ranges were pretty narrow for the most part, though GBP was a mover and shaker, taking a dip following an unexpected y/y revision lower in the final Q2 GDP estimate out of the U.K.. The report also showed unexpected weakness in business investment and a one-off boost to consumer spending that partly reflected the timing of deferred bonus payments to take advantage of a tax change. Read more
The JPY saw some chop in and otherwise subdued session for the FX majors and the AUD and NZD currencies. USD-JPY and EUR-JPY initially dipped to respective one-week lows of 98.27 and 132.68 before rallying, with the yen making its usual inverse correlation to the direction of the Nikkei-225 stock index, which was boosted by news that Japan's ruling LDP will look to make a corporate tax cut amid its stimulus plans, and confirmation that PM Abe will detail new stimulus measures on Oct-1. Read more
The dollar again meandered around inside of narrow trading bands in N.Y. dealings on Wednesday, and was mostly softer on the session. August durable orders were soft, while new home sales perked up some, both following weak outcomes in July. Equities and yields both moved lower, not helping the greenback at all. Read more
The G10 FX continue to trade narrow ranges in another relatively subdued session. EUR and GBP found a modicum of support against the USD in Europe as the downside held in both currencies following Tuesday's sell-off. There were very few fresh leads, but intra-day accounts were guided by USD-JPY's brief move under 98.50, which reinforced a heavier tone. Read more
The G10 FX continue to trade narrow ranges in another relatively subdued session. The dollar was supported against EUR and GBP on position adjustment after most currencies retraced around half of the recent gains seen in the wake of last week's Fed policy decision. Read more
FX trade was sluggish again in N.Y. on Tuesday, though on net, the dollar was a touch firmer. The data calendar caused few upsets, as house prices rose, consumer confidence was a touch lower than forecasts, and the Richmond Fed index slipped. Treasury yields pulled back some, as Wall Street eked out marginal gains. Read more
European markets continued to trade on the quieter side. Appetite for speculative positioning remained low as stocks struggled, which left CHF and JPY supported on dips. EUR-JPY posted an early rally on M&A news, but was net unchanged ahead of the N.Y. Read more
Risk aversion continued in Asia, which supported JPY and CHF, while the USD maintained a mixed tone. EUR traded on the heavier side after it closed just under 1.3500 on Monday, while Cable held on to levels above 1.6000. The lack of interest to put on speculative positions capped AUD and it drifted back into 0.9400, while NZD-USD fell to 0.8315 on cross flows. Read more
The FX market was quiet in N.Y. trade on Monday, with the dollar mixed, but in narrow ranges on the session. EUR-USD dipped to lows near 1.3480, though a N.Y. close over 1.3500 may keep the uptrend intact. USD-JPY trolled along under 99.00 through the session, touching 98.65 lows. Read more
