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The dollar and yen firmed up and the dollar bloc and other cyclical currencies turned lower as stock markets in Europe drifted lower after a mixed session across Asian markets. Commodities also came off the boil, with copper prices, for instance, turning negative on the day after posting a near seven-year high. Read more
The dollar retained a softening bias while the dollar bloc and other commodity and cyclical currencies retained a firming bias, although momentum flagged somewhat during the course of trading, into the open of European interbank markets. While the MSCI World Index yesterday clocked a fresh record high, the mood in Asian stock markets has been more mixed, with Japan's Nikkei hitting a new 29-month high while the main Chinese indices declined amid rising corporate debt defaults in China, which pulled the MSCI Asia-Pacific index lower, albeit modestly so. Read more
The Dollar ran higher into the N.Y. open and beyond on Tuesday, taking the DXY from 92.19 to 92.55. The USD advanced versus all the major currencies, seemingly on the back of the formal start to the transition to a Biden presidency. Gains were later partly reversed, perhaps as risk-taking levels surged. Read more
The dollar and yen came under pressure as risk-on positioning re-established. Pound outperformance was another theme. The MSCI Asia-Pacific ex-Japan stock index hit a new record high. Europe's Stoxx 600 pared early gains, leaving last week's eight-month highs unchallenged, but remained remaining buoyant. Read more
The dollar bloc and other commodity and cycle currencies have gained amid risk-on positioning in global markets, though many bellwether equity indices and commodities remain off recent trend highs, while Chinese markets fell after recent strong gains. Read more
The Dollar turned broadly higher in N.Y. on Monday, with the better Markit PMI outcomes providing the main driver. USD Short-covering was noted after the unit tumbled through much of the month of November. The DXY recovered from near three-month opening lows of 92.02 to 92.80. Read more
The dollar and yen came under pressure as risk-on positioning re-established. Pound outperformance was another theme. The MSCI Asia-Pacific ex-Japan stock index hit a new record high. Europe's Stoxx 600 pared early gains, leaving last week's eight-month highs unchallenged, but remained remaining buoyant. Read more
The dollar and yen traded moderately softer against most other currencies amid a buoyant sentiment in Asian markets, which propelled the MSCI Asia-Pacific ex-Japan stock index hit a new record high. Sterling outperformance was another theme. There have been various positive news, ranging from Covid vaccines and treatments, to encouraging corporate earnings and economic data, and from the Brexit front, which have collectively helped investors look beyond the prevailing surge in Covid positive tests results across the northern hemisphere. Read more
The Dollar bounced slightly through the N.Y. session on Friday, with pre-weekend short-covering driving much of the move, following a relatively soft performance through the week. The DXY topped at 92.42, after hitting 92.25 lows early in the session. Read more
Currencies have largely remained within recent range bounds. Risk appetite picked up during the European morning, which saw the dollar bloc currencies lift. Asian stock markets lifted after starting out weak, with the main indices across the region finishing in a mix of modest losses and modest gains. Read more
