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Sterling has rallied strongly on Brexit progress, which also had the impact of generating a risk-on sentiment in global stock markets, with Brexit uncertainty having been on the global worry list given the deleterious impact that its been having on European economies. Read more
The Dollar was choppy in N.Y. trade on Monday, though in the scheme of things, was relatively range bound. The DXY opened over 97.38, then dropped to 97.20, bounced to 97.37, before ending near 97.20. U.S. retail sales were mixed, and had little impact on the Dollar. Read more
OVERVIEW The US dollar is trading relatively softer vis-à-vis the G-10 currencies as retail sales eked out tiny gains. GBP/USD waits in the 1.30 zone as investors look to the new parliament vote Read more
Forex markets have been directionally unambitious so far today. EUR-USD lifted to a high of 1.1258, surpassing Friday's peak by 12 pips, before settling back under 1.1250. The pair remains down by near 1% from week-ago levels, thanks to the losses seen in the wake of the ECB's unexpected decision for another blast of TLTRO lending. Read more
Typically narrow ranges for Monday trading have been seen amongst the dollar majors, although Sterling has edged out respective three- and two-week lows against the Dollar and Euro. Brexit negotiations continued over the weekend, but without progress. Read more
The Dollar gave up some ground to end the week, seeing the DXY fall from 97.49 to lows of 97.25 following the weaker U.S. jobs report. Dollar selling after the data was relatively muted, likely due to the impact that weather had on the report. EUR-USD rallied from session lows of 1.1215 to 1.1246 highs. Read more
OVERVIEW The mighty dollar takes a hit after disappointing jobs data. NFP comes to just 20k whilst estimate was at 180k. GBP/USD waits near the bottom of a two-week low as investors look to a new parliament vote on March 12th Read more
OVERVIEW The mighty dollar takes a hit after disappointing jobs data. NFP comes to just 20k whilst estimate was at 180k. GBP/USD waits near the bottom of a two-week low as investors look to a new parliament vote on March 12th Read more
The Dollar has traded flat-to-softer against the other main currencies as market participants anticipate the release of the February U.S. jobs report, which is being advertised as coming with downside risk this month (as a consequence of weather, scope for some unwind of robust December and January gains, high claims numbers, and weak producer sentiment). Read more
The Yen has outperformed amid a coursing risk-off theme, which has been exacerbated by a big miss in Chinese trade data. China's exports plunged 20.7% y/y, well off the median forecast for a comparatively moderate drop of 4.8%. China's SSE equity index closed with a loss of 4.4%, while the MSCI Asia-Pacific (ex-Japan) index has declined by over 1.2%. Read more
