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The Dollar and Sterling have come under general pressure, with EUR-USD showing an intraday gain of 0.5% in printing a three-week high at 1.1442, while EUR-GBP saw an every bigger gain in posting a 10-week high at 0.8978. The Pound underperformed the Dollar, too, which has driven a modest loss in Cable, to the lower 1.2700s. Read more
The Dollar fell in N.Y. on Friday following a softer than expected U.S. employment report. The DXY fell from 96.90 to 96.54 lows before steadying over 94.60. Wall Street was sharply lower again on renewed trade concerns, while Treasury yields slipped as well. Read more
OVERVIEW The CAD moves above 0.7500 handle with the unemployment rate at its lowest level since 1976 The Dollar Index trading flat as the market continues to digest non-farm payroll data: +155k versus an estimate of 198k. Sterling is trading with negative bias ahead of key vote in Parliament. NYMEX WTI Crude advances $2.50 today after news broke that OPEC has agreed on a larger-than-expected production output cut. HIGHLIGHT The Canadian Dollar jumped above the 0.75 handle after a strong job data report from a Labour Force Survey. Read more
The Dollar majors have seen narrow ranges so far today as market participants collectively sit on their hands into the U.S. employment report release. The Yen saw some of its safe haven premium unwind, concomitantly with a rebound in global stock markets, although S&P 500 futures are showing a 0.5% loss while the Australian Dollar and other Dollar bloc currencies have remained heavy. Read more
Currencies have been mixed in trade so far today. The Yen has seen some of its safe haven premium unwind, concomitantly with a steadying in global stock markets, although S&P 500 futures are showing a 0.5% loss while the Australian Dollar and other Dollar bloc currencies have drifted back towards lows. Read more
OVERVIEW The US Dollar weakens against a basket of currencies as bond yields tumble This Greenback weakness pops up the Pound as we prepare for the ‘meaningful vote’ on the Brexit separation arrangement The Canadian dollar continues to weaken as Governor Poloz states the economy is weaker than expected HIGHLIGHT The Loonie briefly breached the 1.34 level today as a combination of dovish comments from Bank of Canada’s Poloz on the state of the Canadian economy and a decrease in the price of oil. Read more
The Dollar was mostly lower in N.Y. on Thursday, with some soft-ish data weighing some, and profit taking setting in after the DXY made four-session highs on Wednesday. Incoming data included as softer ADP jobs reading, a widened trade deficit, and a higher than forecast initial jobless claims outcome. Read more
A risk-off theme dominated in forex markets as the global stock rout continued across European and Asian bourses, while S&P 500 futures racked up a 1.7% loss, extending the 3%-plus dive seen on Wall Street on Tuesday. The biggest currency losers have been the relatively high beta Dollar bloc and emerging market currencies, while the biggest winner has been the Yen. Read more
The Dollar majors have mostly remained in relatively narrow ranges, holding with respective ranges from yesterday. A cross theme has been continued Yen firmness amid an ongoing rout in global stock markets, with S&P futures showing a 0.9% loss, adding to the heavy losses seen on Tuesday (Wall Street was closed yesterday), while Asian bourses have been a sea of red, with the arrest of the Huawei CFO threating to escalate tensions between the U.S. Read more
OVERVIEW US Dollar steadied after a possible inversion in the Treasury Yield curve The Pound trades well off its lows as Brexit outlook turns more positive Canadian dollar hits an 18-month low as rate hike chances are slashed HIGHLIGHT The Loonie hit an 18-month low today as a rate hike was put on the back burner by the Bank of Canada. Read more
