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The Dollar was choppy, but largely range bound in N.Y. on Wednesday. The DXY recovered from a two-week low of 92.14 to 92.36 in early afternoon trade. The wider than expected February trade deficit was overlooked by markets, and activity was restrained ahead of the FOMC minutes, where there were no surprises. Read more
The dollar has posted fresh lows, which put the DXY index at a 15-day low at 92.20. EUR-USD has printed a 15-day high at 1.1895. The biggest gainer out of the main dollar pairings and cross rates is EUR-AUD, which is showing a 0.6% gain on the day, printing a two-week high. Read more
The dollar has posted fresh lows, which put the DXY index at a 15-day low at 92.95. The forex market appears to have been somewhat wrong-footed by a pronounced decline in Treasury yields. Inflation worries have been fading a bit, at least for now, as Fed policymakers continue to stress they do not see any problem with price pressures for the foreseeable future. Read more
The Dollar was mostly lower on Tuesday, though Sterling was the notable exception, as Cable lost ground to the USD through the session. The DXY printed two-week lows of 92.38, briefly trading under its 200-day moving average, which is currently at 92.441.There was little in the way of data to impact the market, and it appeared softer Treasury yields weighed down the Greenback generally. Read more
The dollar has found its feet after taking a tumble in thin markets yesterday. The bullish case for the greenback remains strong, given the outsized fiscal stimulus coursing through the U.S. economy alongside the relatively advanced states of Covid vaccination progress in the U.S. Read more
The dollar has found its feet after taking a tumble in thin markets yesterday. The bullish case for the dollar remains strong, given the outsized fiscal stimulus coursing through the U.S. economy alongside the relatively advanced states of Covid vaccination progress in the U.S. Read more
The Dollar was under pressure through the N.Y. session on Monday, taking the DXY to 92.54, and eight-session low. Despite better outcomes for the non-manufacturing ISM, and a less sharp drop in factory orders, the USD remained heavy. A sharp rise in risk-taking levels following Friday's blowout jobs report likely weighed on the Buck. Read more
FX trade was thin in N.Y. on Friday, as Europe and Canada were out for Good Friday. The Dollar did move modestly higher through the shortened session, aided by the solid non-farm payroll spike of 916k, versus the 613k consensus. Earnings disappointed, falling slightly, while the workweek rose more than expected, and the unemployment rate was in-line with expectations dipping to 6.0% from 6.2%. Read more
After failing to make a fresh trend high, the DXY pulled back on Thursday, taking the index from overnight highs of 93.33 to 92.88 after the London close. A pullback in Treasury yields, along with position squaring into what will be a long weekend for many, were the likely drivers of USD softness. Read more
The dollar has traded mixed, and mostly within narrow ranges as market activity abated into the long weekends that will commence tomorrow in Europe, Latin America, much of Asia, and Australia and New Zealand. One standout theme was an Australian dollar led correction in the dollar bloc currencies today, and another was a rebound in the euro, albeit moderate in magnitude. Read more
