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The dollar traded softer, led be declines against the yen, Australian dollar and most emerging world economies, which seemed to benefit from China's steadying of the yuan today. USD-JPY opened in Asia at about 110.58-60, then dipped to a four-session low of 110.27 before setting around 110.40. Read more
FX trade was quiet in N.Y. on Tuesday, with many participants heading to the exits early ahead of Wednesday's Independence Day holiday. Major dollar pairings were range-bound through the session. The DXY managed tiny gains, ending up near 94.65. EUR-USD was stuck on either side of 1.1666, while USD-JPY faded to 110.51. Read more
The dollar arrived at the early European PM session at near net unchanged levels against the euro and yen, while the dollar bloc currencies and sterling outperformed, the former group amid a lift in global stock markets and the latter after a forecast-beating construction PMI release out of the UK. Read more
The dollar majors have remained in narrow ranges, overall, though there still has been some movement of note. USD-JPY posted a fresh six-week high of 111.13 before settling lower. Other yen crosses also saw a similar price action with the backdrop of steadying global stock markets seeing the yen come under some pressure. Read more
The DXY reclaimed the 95 handle, coming from early lows of 94.83. Trade was quiet overall, though with trade talk heating up, the greenback appeared to have been supported by the thinking that the U.S. economy would fare much better than other countries amid a trade war. Read more
The dollar traded broadly firmer, gaining versus euro, dollar bloc units and making advances against most emerging world currencies. USD-JPY posted a six-week high of 111.06 in Tokyo before turning lower. Yen crosses saw a similar price action, with the Japanese currency finding demand at lows as Chinese and other stock markets faltered in Asia, and as U.S. Read more
The DXY was fairly steady through the morning session, though lost some ground in afternoon trade. The dollar index dropped to 94.55 lows from a high of 94.90. Incoming U.S. data was mixed, though had little impact on market overall. Month and quarter end activity was the main driver in the FX market on Friday. Read more
OVERVIEW The Greenback is on track to finish strongly against the G-10 currencies. Indian Rupee is at lifetime lows despite RBI’s intervention. CNY slides further for the 11th day in a row. WTI ending the week strongly, up 42 cents to $73.87 a barrel. HIGHLIGHT USD/INR rose to a lifetime high on the back of increasing current account deficit, stronger Dollar, and higher oil prices. Read more
EUR-USD rallied over a big figure in making a two-day high at 1.1666. The pair yesterday posted an eight-day low at 1.1727. Most euro crosses also gained. News that EU members have thrashed out deal on immigration (to shore up external borders and create screening centres for migrants) has reduced the discount built into the common currency on existential threat grounds, as the deal should placate the Italian populist government and broader Eurosceptic, populist movements across the region. Read more
Both the dollar and yen have weakened against most of the other main currencies, with the yen underperforming, while the euro outperformed on meeting some strong demand on news that EU members had thrashed out deal on immigration. The deal aims to shore up external borders and create screening centres for migrants, which is seen as placating the placating the Italian populist government and broader Eurosceptic, populist movements across the region. Read more
