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FX trade was very lethargic in N.Y. on Monday, with major dollar pairings mired inside very narrow ranges. Focus has shifted to risk events later this week, which include the FOMC, ECB, and BoE meetings, along with the key July U.S. employment report on Friday. Read more
USD-JPY sank to a fresh one-month low after a risk-off seen in Asia, which supported the yen, while the high-beta Australian currency weakened. The MSCI Asia equity index posted over a 1.6% loss following weak data and corporate earnings leads, though European stocks managed to gain, aided by strong Italian business confidence, which following last week's strong Eurozone PMI data. Read more
The dollar stayed under pressure in N.Y. dealings on Friday, as the market unwound risk into the weekend. EUR-USD traded near 1.3300, though solid offers at the figure contained the upside. USD-JPY moved briefly under 98.00, as USD-CHF moved under 0.9300. Read more
The dollar traded on the heavy side throughout the European morning. It faded lower on Thursday and got added traction into the N.Y. close amid the latest piece from WSJ's Hilsenrath. He suggested that the Fed will continue with the current rate of bond buying and could refresh its forward guidance policy message next week. Read more
The dollar remained heavy in Asia following Thursday's losses. In N.Y. the dollar faded on weaker than expected data. However, stocks still closed at firmer levels, though this did not carry into Asian markets, which struggled. The Nikkei fell sharply as USD-JPY broke 99.00. Read more
FX activity was very light in N.Y. on Thursday, though the dollar faded fairly broadly through the session. Firmer weekly jobless claims and flat non-transport durables weighed on risk taking levels, resulting in a weaker greenback, and softer equities in morning trade. Read more
The dollar ended the European session on a slightly firmer footing as equity markets fell, which provided light support for JPY and CHF, respectively. The EUR maintained levels close to 1.3200. It only received brief support from German Ifo, which rose slightly. Read more
It was a quiet session in Asia. The dollar held steady after yesterday's pick up in U.S. yields. The 10-year benchmark rose in Asia to 2.607%, which supported the dollar on dips and left EUR close to 1.3200 and USD-JPY close to 100.00. AUD-USD remained heavy following the stop hunt below 0.9180 after yesterday's European close and it extended to 0.9130 overnight. Read more
The dollar added marginally to early gains after the firmer flash PMI and new home sales outcomes, taking EUR-USD to 1.3200 lows, and filling the post-German PMI release "gap" up over 1.3250. USD-JPY traded on a firmer footing over 100.25, supported by elevated Treasury yields. Read more
Risk appetite improved in Europe after a poor session in Asia. Today's focus was on PMI data. HSBC's flash reading for China hit an eleven month low and former PBoC Xia Bin said China has signs of a crisis. In contrast, Eurozone data beat expectations on a better than expected reading from France and strong numbers from Germany. Read more
