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The Dollar was on a marginally softer footing in N.Y. trade on Tuesday, though narrow ranges were pretty much the rule. U.S. December CPI was a tenth cooler on the core reading, though had little impact on the FX market, though Treasury yields moved lower, and Wall Street was mixed. Read more
The yen posted fresh lows before rebounding a little, as the global stock market rally started to flag ahead of tomorrow's signing of the U.S.-China phase-1 trade deal. USD-JPY posted a new trend high at 110-21, the first time the pair has traded above 110.00 since last May, before receding to the upper 109.00s. Read more
A fresh injection of risk-on trading saw the yen decline further, while most Asian stock markets continued to rally. China reported its first y/y increase in exports in five months, of 7.6%, which beat the consensus forecast for 3.2% growth, while a source cited by Reuters said that Beijing has pledged to buy an addition $80 bln worth of manufactured goods from the U.S. Read more
The Dollar turned modestly lower overall in N.Y. on Monday, though remains near the top of its January trading range. There was no data to drive direction, though a generally risk-on backdrop saw some USD safe-haven outflows. Wall Street moved to fresh record highs, while Treasury yields moved higher as well. Read more
Both the yen and the pound underperformed notably, while the dollar traded mixed. USD-JPY punched above the early-December 109.72 high on route to printing an eight-month high at 109.92. EUR-JPY concurrently hit a two-week high, and AUD-JPY an 11-day peak. Read more
Sterling has taken a turn lower in early week trading, with markets reacting to both dovish BoE-speak and to a report from the UK's Institute for Government finding that it will be impossible to deliver the computer systems for the special arrangements for Northern Ireland's border by the end of the year. Read more
A softer U.S. December employment report dented the Dollar in N.Y. trade on Friday, as a miss in both non-farm payrolls and earnings weighed. There was some pre-weekend paring of long Dollar positions in play as well. Markets calmed some, as Iran and the U.S. Read more
The dollar has been trading mostly steady-to-firmer against most currencies, although losing ground to the Australian dollar. USD-JPY, now in its fifth consecutive up day, printed a fresh two-week high at 107.65, which is just 7 pips shy of the seven-month high that was seen in early December. Read more
The yen posted fresh lows as global stock markets hit new record highs, while the likes of the Australian dollar and many developing-nation currencies rallied. USD-JPY, now in its fifth consecutive up day, printed a fresh two-week high at 107.60, which is just 12 pips shy of the seven-month high that was seen in early December. Read more
The Dollar rallied again on Thursday, so far this year bouncing from steep year-end losses seen last month. The U.S. economic outlook, along with the USD interest rate differential advantage has been a driver of USD strength so far in 2020. Looking ahead, economics, geopolitics and later, the U.S. Read more
