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The dollar has traded mostly firmer, retracing losses seen yesterday by varying degrees. The narrow trade-weighted USD index (DXY) rebounded about half of the drop it saw yesterday in lifting back above 96.80, while EUR-USD concurrently ebbed back under the 1.1200 level. Read more
The Australian dollar has remained under pressure, despite global stock markets having taken a turn higher as markets reappraise the U.S. versus Iran stand off. A Caixin report saying that China will not increase its annual low-tariff import quotas for U.S. Read more
The Dollar rallied modestly through the N.Y. session on Monday, with gains driven by safe-haven buying. The worsening geopolitical backdrop should limit USD downside for the time being, as traders brace for retaliation from Iran, and potential for further escalation. Read more
The yen posted fresh highs as stock markets continued to fall in Asia with market participants fretting about upscaling risks for a deepening conflict between the U.S. and Iran. President Trump threatened "major retaliation" if Iran responded to the U.S. Read more
The yen posted fresh highs as stock markets continued to fall in Asia with market participants fretting about upscaling risks for a deepening conflict between the U.S. and Iran. President Trump threatened "major retaliation" if Iran responded to the U.S. Read more
The Dollar and Yen rallied some overnight on Friday, supported by safe-haven buying following the U.S. drone strike in Iraq, which killed a top Iranian general. The USD later gave back gains as the initial fears of immediate Iran reprisal faded, the U.S. Read more
The dollar and yen rallied on the back of safe-haven demand following U.S. air strikes that killed the head of Iran's elite Revolutionary Guard's overseas unit. The news also saw sovereign bonds rise, gold prices rally by over 1.5%, and oil prices by over 3%, while stock markets, richly valued after recent gains (Apple shares traded above $300 for the first time yesterday, for instance), declined. Read more
The yen, and to a lesser degree, the dollar have rallied amid a dash for safe havens following U.S. air strikes that killed the head of Iran's elite Revolutionary Guard's overseas unit. The news also saw gold prices rally by over 1%, and oil prices by over 3%, while stock markets, richly valued after recent gains (Apple shares traded above $300 for the first time yesterday, for instance), declined. Read more
The Dollar chopped around in N.Y. on the first trading day of the year, ultimately edging higher on the session. The DXY peaked at 96.87, up from lows of 96.56 in morning trade. Incoming data was uneventful, with jobless claims a bit higher than expected, and the Markit manufacturing PMI little changed. Read more
The dollar has found a footing after coming under pressure over the Christmas week and earlier this week. Liquidity has picked up, though some centres in Asia have remained closed, including Tokyo. The narrow trade-weighted USD index (DXY) has lifted above 96.65, up from the six-month low seen earlier in the week at 96.36. Read more
