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The dollar has traded moderately softer in thinning year-end markets. This has seen the narrow trade-weighted USD index (DXY) ebb to a low of 97.30, down from the one-week high seen yesterday at 97.47. A rebound in Cable has weighed on the U.S. currency, with sterling finding a footing after plunging by nearly 3.5% from last week's post-UK election rally high at 1.3515. Read more
FX trade was very quiet in N.Y. on Wednesday, though the DXY managed a one-week high of 97.47 early in the session. There was no data to drive the market, though firmer Treasury yields provided some support to the USD. EUR-USD ranged between 1.1111 and 1.1134, closing out the day near its lows. Read more
The dollar has traded moderately firmer against most currencies, which lifted the narrow trade-weighted USD index (DXY) to a six-day high at 97.36. This extends the rebound in the USD index from the five-and-a-half-month low that was seen last Thursday, at 96.59. Read more
Sterling posted fresh correction lows against the dollar and euro, among other currencies. Cable printed a six-day low at 1.3072, and EUR-GBP a two-week high at 0.8517. This follows UK prime minister Johnson's revival of the no-deal Brexit threat yesterday, by pledging to modify the EU withdrawal agreement so that it legislates against any extension in the post-Brexit transition period beyond 2020. Read more
The Dollar had been on the decline through the London morning session, though perked up after the N.Y. open on the back of better than expected U.S. data. Both housing starts and industrial production beat forecasts, allowing the Greenback to head higher. Read more
The pound is down 0.5% on the day against both the dollar and euro, and is off by 0.4% versus the yen. The catalyst was news that UK prime minister Johnson will amend the withdrawal agreement bill to outlaw an extension in the transition period beyond the end of 2020. Read more
The Dollar firmed up some in N.Y. trade on Monday, taking the DXY from 96.94 lows to a 97.11 peak. Holiday mode appears to be upon us, as narrow trading ranges were generally the rule. Decent incoming PMIs and housing builder index helped USD sentiment. Read more
The dollar and yen traded with softening biases against most other currencies, though all the main dollar pairings and associated crosses rates held within Friday ranges, with exceptions of USD-CAD and CAD-CHF, the former of which hit a fresh six-week low in what is now the pair's four consecutive down week. Read more
The dollar majors have been seeing typically narrow early-week ranges in quite year-end-approaching conditions. The narrow trade-weighted USD index (DXY), at 96.97, was showing a 0.2% decline heading into the London interbank open, correcting about half the gain seen on Friday. Read more
The Dollar index fell to five-month lows of 96.59 after the N.Y. session on Thursday, down from N.Y. closing highs of 97.27. The move came following the U.K. exit poll, indicating the Tories would win a large majority. This saw the Pound surge, dragging the EUR up with it. Read more
