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The Dollar fell in Europe, and moved lower still through the U.S. session on Wednesday, taking the DXY to 98.46 lows from mid-morning highs of 98.68 . Risk-on conditions returned fallowing some calm in Hong Kong, once the government's extradition bill was pulled, and after a better China services PMI. Read more
OVERVIEW Bank of Canada holds rates at 1.75 for now, teeing up a Hallowe'en rate cut treat next month The Brexit rollercoaster continues, as PM Johnson's attempts to prorogue parliament failed, and it seems the UK is headed for a snap October 15th Election The US Dollar is bearish following a weak ISM PMI report HIGHLIGHT The Bank of Canada lived up to expectations with by holding the overnight interest rate at 1.75%. Read more
The Dollar has traded most softer, although making gains against an underperforming Yen, while the Pound continued to charge higher, extending the rebound from yesterday that was sparked by news that opposition and Tory party rebel members of parliament had successfully wrested control of the House of Common's agenda, paving the way for a vote later today on a bill that would stop a no-deal from happening on October 31. Read more
A risk-back-on sentiment has weighed on the Yen and underpinned the Australian Dollar, with the AUD-JPY cross consequently heading into the London interbank open with gains of over 0.5%. USD-JPY lifted to around 106.20-25 from sub-106.00 levels, while AUD-USD rallied to a nine-day peak at 0.6783. Read more
After rallying to two-plus year highs, the Dollar index pulled back in N.Y. on Tuesday. After peaking at 99.37, the DXY fell back to 98.93 lows in the aftermath of a weaker U.S. manufacturing ISM outcome. the IS headed to contraction territory under the 50.0 mark for the first time in over three-years. Read more
OVERVIEW The Dollar Index starts the final month of Q3 strongly, up 0.4% against the major currencies. British Pound crashes below the key 1.2000 handle, as MPs return to Parliament. Read more
The Dollar has remained buoyant, which has seen the narrow trade-weighted USD index hit a fresh 28-month high today, at 99.33. EUR-USD concurrently ebbed to a new 28-month low at 1.0930 in what is now the pair's seventh consecutive day of printing lower lows. Read more
The Dollar has remained buoyant, which has seen the narrow trade-weighted USD index hit a fresh 28-month high today, at 99.33. EUR-USD concurrently ebbed to a new 28-month low at 1.0930 in what is now the pair's seventh consecutive day of printing lower lows. Read more
The dollar majors have been maintaining narrow ranges so far today in quiet early week, early month trading conditions against a backdrop of sputtering stock markets. PMI manufacturing data out of Asia painted a worrisome picture, overall. While the CAIXIN PMI for China came in above expectations in lifting to 50.4 from 49.9, orders remained weak and business confidence faltered. Read more
The DXY traded to better than two-year highs of 99.02 in N.Y. on Friday, up from morning lows of 98.41. The Dollar's yields advantage over the Euro and Yen in particular, including easing central banks, have supported the Greenback of late, as has the relative outperformance of the U.S. Read more
