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The dollar was mostly higher in N.Y. trade on Monday, though ranges were narrow, and overall activity light. U.S. data was mixed, as industrial production beat estimates, while pending home sales data dipped. The markets appeared to start gearing up for Wednesday's FOMC announcement, though the outcome may well be a non-event giving the slim-to-none prospects for Fed tapering at this meeting. Read more
The dollar consolidated overnight just ahead of recent trend lows, leaving EUR near 1.3800, Cable close to 1.6200 and USD-JPY at 97.50. The macro leads were limited and the focus is already on Wednesday's FOMC decision, which could prove to be an non event amid the U.S. Read more
The dollar consolidated overnight just ahead of recent trend lows, leaving EUR near 1.3800, Cable just under 1.6200 and USD-JPY at 97.50. The macro leads were far and far between in Asia and the focus is already on Wednesday's FOMC decision, which could prove to be an non event amid the U.S. Read more
Last week we had important data released from most of the major world economies.Let's start with the Markit EU composite index, which dropped from its 27 month high of 52.2, but still printed a positive 51.5. Overall, the numbers coming out of the EU continue to point to an improving, albeit it still fragile, recovery. Read more
- by New Deal democratMonthly government data reporting resumed this week. Most importantly, 148,000 jobs were added in September. The unemployment rate declined to 7.2%. Hourly earnings increased 0.1%.In other reports, construction spending of all types increased. Read more
The dollar picked up modest ground in morning trade on Friday, largely on the back of end-of-week positions squaring. The greenback took a fair beating through the week, following the softer U.S. employment report, and the subsequent pricing out of Fed tapering anytime soon. Read more
The dollar hit new trend lows in late Asia, but then experienced a light recovery over the European morning. EUR made several attempts on the 1.3830 area, but an unexpected drop in the German Ifo and option price congestion triggered a move back below 1.3800. Read more
The dollar maintained softer levels, though against the commodity bloc currencies it continued to hold up following Thursday's liquidation of stale long positions. There was further reports of Asia reserve diversification out of the dollar, which benefited EUR and GBP, while AUD also saw residual inflows. Read more
The dollar firmed versus the commodity bloc, was softer against the euro and pound, and largely unchanged versus the yen in N.Y. trade on Thursday, a slightly wider trade deficit, and higher jobless claims data had little lasting impact. Yields remained relatively soft, as Fed tapering seems to be a long way off still, which will likely continue to be a detriment to the greenback. Read more
The dollar continued to underperform, which lifted EUR through 1.3800 barriers and left the CHF just shy of 0.8900. In early Europe short term accounts took their impetus from a better than expected China flash manufacturing PMI reading. However, early appetite to sell JPY ran out of stream as Eurozone PMI unexpectedly decline and later in the session U.K. Read more
