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Activity across the G10 FX was still fairly disjointed in thin trade. The dollar was mixed overall, holding ground across the European majors, but against JPY and the commodity bloc currencies it came under pressure. Japanese data was encouraging for the region as July trade revealed a rise in exports and imports, which forced the deficit out to Y1.024 tln. Read more
The dollar tried to head lower again in early N.Y. trade on Friday, though eventually made up modest ground into the weekend. Relative to Thursday's volatile session, trade was quite light on Friday, with major dollar pairings remaining inside of recent trading bands. Read more
Markets remained defensive into the weekend after yesterday's plunge in European and U.S. markets amid a surge in bond yields. This kept JPY and CHF underpinned, but USD consolidated losses following Thursday's heavy long liquidation. China was the focus of intra-day chatter after the SSEC surged more than 5% in Asia and then gave back all of its gains to end 0.64% lower. Read more
Markets remained defensive into the weekend, which kept JPY and CHF underpinned. However, the USD traded on the softer side as longs liquidated positions in thin conditions after yesterday's European close. USD-JPY was capped by very large option expiries that are rolling off later today, while EUR was steady around 1.3350 and AUD traded close to 0.9150. Read more
The dollar firmed up in morning N.Y. trade on Thursday, with the large slate of data mostly positive. A multi-year low initial jobless claims print helped sentiment, which brought Fed taper prospects back into focus. At the same time, Treasury yields ramped up to trend highs, as Wall Street fell sharply, as stimulus addicted equity traders caught the cold sweats. Read more
The dollar maintained a slightly softer tone. USD-JPY losses stood out in Asia as Japanese policy makers ruled out a corporate tax cut due to its lack of effectiveness. GBP posted the best moves in Europe as U.K. retail sales surged in July, which lifted Cable to the 1.5600 region. Read more
The dollar maintained a slightly softer tone after it eased in N.Y. trade on Wednesday, as very tame PPI data took Treasury yields a bit lower. USD-JPY losses stood out in Asia as summer doldrums kept its grip on markets. The dollar pairing fell to 97.70 as Japanese policy makers ruled out a corporate tax cut. Read more
After picking up some ground overnight, the dollar eased back in N.Y. trade on Wednesday, as very tame PPI data took Treasury yields a bit lower, denting USD sentiment in the process. Overall though, FX ranges were relatively tight, as the summer doldrums kept its grip on markets. Read more
The dollar maintained a steady to firmer tone. A late rally in the Nikkei provided a lift to USD-JPY from 98.00 to 98.40 in early Europe before exporter offers set in, although it held on to the majority of these gains ahead of the N.Y. open. The CHF continued to experience leverage fund selling. Read more
The G10 FX experienced a holding pattern in quiet trade. Only JPY posted a very modest move higher as the Nikkei experienced profit taking, which left USD-JPY close to 98.00 from the 98.30 area. EUR traded near 1.3250 following Tuesday's downturn amid a broadly firmer dollar tone as U.S. Read more
