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FX trade was light in N.Y. on Monday, with narrow ranges dominating through the session. The kickoff of the G8 meeting in Ireland, plus the upcoming FOMC announcement on Wednesday combined to keep activity on the low side. U.S. data was better than forecasts, and saw the Empire State index and the NAHB housing market index ramp sharply higher. Read more
The dollar was led higher in Asia by USD-JPY gains as intra-day accounts keyed off a Nikkei rally for the second consecutive session. The move higher weighed on EUR-USD over 1.3350, while AUD-USD experienced a short squeeze above 0.9600 on broad equity market gains. Read more
The dollar was led higher in Asia by USD-JPY gains as intra-day accounts keyed off a Nikkei rally for the second consecutive session. The move higher weighed on EUR-USD over 1.3350, while AUD-USD experienced a short squeeze above 0.9600 on broad equity market gains. Read more
The dollar was led higher in Asia by USD-JPY gains as intra-day accounts keyed off a Nikkei rally for the second consecutive session. The move higher weighed on EUR-USD over 1.3350, while AUD-USD experienced a short squeeze above 0.9600 on broad equity market gains. Read more
Sentiment improved overnight as Asian stocks closed on a positive footing after the Nikkei rebounded, which supported USD-JPY close to 95.00. In Europe, activity was very low after the marked rise in volatility earlier in the week. The dollar was supported against EUR and GBP on profit taking, which forced a move under 1.3320 and 1.5620, respectively. Read more
FX trade was thin in N.Y. on Friday, as a very volatile week saw traders stepping back some from the market into the weekend. Firmer PPI supported the greenback early on, though as stocks turned decidedly negative at mid-morning, the USD lost its footing again. Read more
Sentiment improved overnight as Asian stocks closed on a positive footing after the Nikkei rebounded, which supported USD-JPY close to 95.00. In Europe, activity was very low after the marked rise in volatility earlier in the week. The dollar was supported against EUR and GBP on profit taking, which forced a move under 1.3320 and 1.5620, respectively. Read more
Sentiment improved overnight as Asian stocks closed on a positive footing after the Nikkei rebounded, which supported USD-JPY close to 95.00. In Europe, activity was very low after the marked rise in volatility earlier in the week. The dollar was supported against EUR and GBP on profit taking, which forced a move under 1.3320 and 1.5620, respectively. Read more
Sentiment improved, which supported USD-JPY and it ended the session above 95.00. Movement via USD-JPY tended to guide action and the dollar firmed up against EUR, GBP and the commodity bloc currencies. Yesterday's positive close for U.S. stocks was reinforced by a sharp rebound in Japan. Read more
Sentiment improved, which supported USD-JPY and it ended the session above 95.00. Movement via USD-JPY tended to guide action and the dollar firmed up against EUR, GBP and the commodity bloc currencies. Yesterday's positive close for U.S. stocks was reinforced by a sharp rebound in Japan. Read more
