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The Dollar moved broadly higher in N.Y. on Tuesday, taking the DXY from 90.04 lows at the open to 90.70 in late morning. The risk backdrop remained a bit soggy, as threats of further Covid lockdowns kept Wall Street capped, despite the passing the the $900 bln U.S. Read more
The dollar has traded moderately firmer, and the pound has drifted lower, though the U.S. currency has remained comfortably below its Monday highs while the UK currency has remained well off the lows it saw yesterday. News that the EU has rejected the UK's latest offer on fishing (which was a 35% reduction in the EU's fishing quota from UK waters following a five-year transition period) weighed on the pound. Read more
The dollar has traded moderately firmer, though has remained off highs seen during yesterday's whippy price action. The combo of market-jolting news and thin year-end markets exacerbated the strong up-then-down price action that the dollar experienced yesterday, with the currency having now settled at moderately firmer levels. Read more
The DXY rallied to seven-session highs of 91.01 overnight, with safe-haven buying supporting the Dollar following reports of a new, more transmissible strain of Covid in the U.K., which prompted widespread lockdowns there, and a rush to less risky assets. Read more
A sharp decline in the pound and a correction in the reflation trade, which has seen the dollar and yen rebound while cyclical currencies, including the dollar bloc, underperform, have characterized and unusually active Monday session, especially one that comes at the beginning of Christmas week. Read more
A sharp decline in the pound and a correction in the reflation trade, which has seen the dollar and yen rebound while cyclical currencies, including the dollar bloc, underperform, have characterized and unusually active Monday session, especially one that comes at the beginning of Christmas week. Read more
The Dollar ended the week on a firmer footing, after having a pretty tough week overall. The DXY bounced from 89.83 seen at the open, to a high of 90.13 in late morning. USD short covering was the likely driver of the move, as positions were pared into the weekend, and the Christmas shortened week next week. Read more
The dollar has found its feet, concomitantly with global equity markets coming off the boil. Some market narratives have pinned this on news that Pfizer will under-deliver vaccine doses to the U.S. next week, though the Moderna vaccine will reportedly win FDA approval today. Read more
The dollar has found its feet, concomitantly with global equity markets coming off the boil. Some market narratives have pinned this on news that Pfizer will under-deliver vaccine doses to the U.S. next week, though the Moderna vaccine will reportedly win FDA approval today. Read more
The Dollar fell to new trend lows on Thursday in N.Y., taking the DXY to 89.76, the first time under the 90.00 mark since April of 2018. Prospects for another fiscal stimulus package, along with a "lower for longer" Fed, and negative real U.S. interest rates will likely continue to result in further USD losses as we look to 2021. Read more
