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The Dollar was on a softer footing early in the N.Y. session on Tuesday, though managed a modest recovery through the morning session. The DXY bottomed at 95.00 early, before recovering to 95.18 highs in relatively light dealings. There was no top tier data to drive the FX market. Read more
The Dollar pulled back today after rallying for much of the last week (since the Fed upgraded its assessment of the U.S. economy to "strong" from "solid" in the June statement). There has been a view in markets that the U.S. currency will tend to firm as trade tensions with China ratchet higher, though the present lift in global stock markets has for now cooled this narrative. Read more
Narrow ranges have been seen once again on the day so far, as the London interbank takes to its collective seat. EUR-USD has settled back above 1.1550 after posting a six-week low yesterday at 1.1529. AUD-USD has lifted back above 0.7400 on route to edging out a two-session high of 0.7405. Read more
The Dollar index retreated from over two-week highs of 95.51 seen into the N.Y. open on Monday, later falling back to 95.27 lows. There was no data to move markets, resulting in fairly calm trading conditions in FX, Treasuries, and equities. EUR-USD bottomed at 1.1532, then rallied to 1.1570 into the London close. Read more
OVERVIEW Sterling weakens on comments from officials that there is a strong risk of a no-deal Brexit. US Dollar rises, continuing two consecutive weeks of gains. Disappointment as German industrial orders dropped to an 18 month low. HIGHLIGHT Sterling falls against the US Dollar and the Euro, after UK Trade Minister Liam Fox suggested the odds are 60-40 that Britain will leave the EU without agreeing any Brexit deal. US DOLLAR The US Dollar continues to rise against a basket of curencies as ongoing trade tensions see a flight into the Greenback, helped also by Brexit concerns and disappointing German data. Read more
The Dollar traded firmer, aided on its way by bearish data and developments affecting a number of other currencies. The USD index (DXY) rallied 0.4% to a six-week high of 95.50. USD-CAD was a mover, popping above 1.3000 after Saudi Arabia froze all trade and investment with Canada in response to Canada's support of detained human rights activists. Read more
The Canadian Dollar dove after Saudi Arabia expelled Canada's ambassador and froze all trade and investment with Canada. The was a response to Canada's support of detained human rights activists. USD-CAD jumped by nearly 30 pips in the early phase of trading in the Asia-Pacific region, posting a high of 1.3019, before the move ran out of steam. Read more
The Dollar index pulled back from the two-week highs of 95.37 seen in London, later retreating to 94.99 lows following the softer U.S. jobs report and weaker services ISM. EUR-USD bottomed at 1.1561 at mid morning, though later topped over 1.1600 into the London close. Read more
OVERVIEW The unemployment rate fell to an 18-year low at 3.9%. Sterling continues to lose its shine on Brexit no-deal concerns. WTI bounced from week-lows on geopolitical risks. HIGHLIGHT The Mexican Peso has been a top Latin American performer this quarter. Read more
EUR-USD fell to a five-week low at 1.1561 after the final reading of the Eurozone July services PMI was unexpectedly revised down, to 54.2. The Dollar has also been holding generally firm, as it has done since the Fed upgraded its assessment of the U.S. Read more
