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The DXY fell in morning trade in N.Y. on Wednesday, led by Sterling gains, which came following a Bloomberg report that Germany has agreed to drop key Brexit demands, perhaps paving the way to a deal. Germany was apparently set to accept a less detailed agreement. Read more
OVERVIEW The Pound jumps after coming off of a two week low, then pares gains in an uncertain market. US Dollar continues to rise despite trade tensions. Canadian Dollar is tipped to strengthen as interest rates are forecast to soon rise. HIGHLIGHT The Pound rallied by approximately 1.2% today from its lows against the US Dollar. Read more
The Dollar has traded mixed in narrow ranges with market participants anticipating Friday's U.S. August jobs report, the resumption of Canada-U.S. trade talks and Trump's decision on whether to markedly ramp up the Sino-U.S. trade war with tariff hikes on a further $200 bln worth of Chinese imports. Read more
The Dollar majors are near net unchanged on the day so far, into the arrival of the London interbank market, while emerging market currencies have enjoyed some reprieve. EUR-USD has been holding near to 1.1600 after recouping from the two-week low that was seen yesterday at 1.1530, with reports of good selling interest above 1.1600 helping cap the pairing. Read more
The Dollar index rallied in early N.Y. trade on Tuesday, buoyed by a stronger manufacturing ISM outcome. The index later gave up its gains, falling back under opening levels near 93.50. EUR-USD bottomed at 1.1545 before rallying to 1.1585. USD-JPY was rangebound under 111.50. Read more
OVERVIEW US Dollar stronger across the board on trade concerns South African Rand tumbles lower as the country officially enters recession Canadian Dollar falls to a 6-week low HIGHLIGHT The US Dollar is mostly higher upon concerns of an escalation in trade conflicts with China. Read more
The Dollar has been on an upward roll with the pace of gains picking up a gear during London AM session. The USD index gained 0.4% to 11-day highs above 95.50, with EUR-USD concurrently tumbled to 11-day lows below 1.1560. Concerns about Brexit (the EU basically rejected the British government's trade proposal) are helped Cable decline, and concerns about the Canada-U.S. Read more
OVERVIEW Markets thin due to Labor Day. UK August Manufacturing PMI hits lowest level in 25 months. UK PM's spokesman says most recent Brexit proposal is the 'only credible plan'. HIGHLIGHT The Argentinian Peso's woes continues, now 35% lower in the last 7 days against the USD. Read more
Mostly narrow ranges have prevailed, which is likely to remain the case in the absence of North American markets. The main exception was Sterling, which dove over 0.5% on the double whammy of an unexpectedly weak August manufacturing PMI report out of the UK and after the EU's chief Brexit negotiator Barnier said that the British government's proposals for a new trade deal is a no-go. Read more
The Dollar rallied broadly in N.Y. on Friday, after it became clear that the U.S. and Canada would not be making a trade deal. Safe-haven flows buoyed the Greenback. The DXY rallied to near highs of the week, peaking at 95.22. EUR-USD fell to one week low of 1.1585, as USD-JPY rallied to 111.10, despite the risk-off backdrop. Read more
