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The yen has softened concomitantly with a rise in equity markets in Asia amid cautious risk-on positioning. Chinese markets reopened after a week-long hiatus, and its CSI 300 equity index was showing a 0.9% gain as of the time of writing, while Japan's N-225 closed with just over a 1% gain and Australia's ASX 200 with a 0.5% rise. Read more
FX trade was quiet in N.Y. on Monday, with major Dollar pairings sticking to narrow ranges. There was no data to move the markets, though comments from White House adviser Kudlow helped USD sentiment when he said the U.S. is open to a short term trade deal with China. Read more
The dollar has been trading on a steady-to-firmer footing, seeing modest gains versus the euro and more pronounced 0.5% advance against the Australian and New Zealand dollars. The yen outperformed, albeit moderately so, which weighed on USD-JPY a little, while AUD-JPY saw losses of over 0..6%. Read more
AUD-JPY declined as a risk appetite waned, with the good vibes of Friday failing to transfer to Asian markets today, where stock markets continued a sputtering price action (note, Chinese markets are still closed, will reopen tomorrow). A Bloomberg report cited Chinese officials saying that they are increasingly reluctant to agree to a broad trade deal, strengthening market narratives that have been arguing that a limited, and possibly term-limited, trade deal is the most realistic outcome given the course of strategic disengagement that both sides seem to be on. Read more
The Dollar had a rough week, as softer U.S. data weighed broadly. Friday's jobs report was better than some had expected, though following a brief bounce, the DXY slipped back toward lows of the week. The market has about 100% priced in an October rate cut, which should continue to see the USD struggle going forward. Read more
OVERVIEW The US non-farm payroll numbers weren't as strong as forecast, but a new record low unemployment watermark has been reached Currency investors should look to listen in to Fed Chair Powell's speech if it's not on their calendar already Reception of PM Johnson's revised Brexit separation plan has been tepid at best HIGHLIGHT At 2 PM ET, investors will also tune in to Fed Chair Powell’s speech at the #FedListens online event. Read more
The dollar majors have hunkered down in narrow ranges ahead of the release of the September U.S. non-farm payrolls report, which is being looked upon as having potential to mark an inflection point in the course of world's biggest economy following a slew of recessionary-portending data releases. Read more
The dollar has settled above yesterday's lows as markets anticipate today's release of the September non-farm payrolls report out of the U.S., which follows a run of recessionary-portending data this week. EUR-USD has ebbed back to the mid-to-upper 1.0900s, below yesterday's 10-day peak at 1.0999, and USD-JPY has settled around 106.75-85, above the one-month low seen yesterday at 106.48. Read more
The Dollar nose-dived to seven-session lows in N.Y. trade on Thursday, the move coming in the aftermath of a big miss in the services ISM. The DXY fell from 99.06 highs at the open, to 98.65 lows, before recovering slightly. The weaker data ramped up recession fears and prospects for another Fed rate cut in October, both detrimental to the USD. Read more
OVERVIEW British Parliamentarians, citizens and expats all eagerly await the response from the EU on PM Johnson's revised separation proposal Consumers steel themselves to learn what EU products will have US tariffs applied to them US consumer confidence slips HIGHLIGHT Financial markets are bracing themselves for a new wave of trade taxes from the US on EU products. Read more
