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The Dollar has been putting in another mixed day of trading, losing ground to the Yen and Sterling, holding near net unchanged versus the Euro while gaining moderately against the Australian and New Zealand Dollars. The Yen firmed and then softened, firming amid intraday declines in European equity markets and S&P 500 futures, and then paring gains as equity market sentiment improved. Read more
The Yen firmed up, and was heading into the London interbank open with a 0.4% gain versus the Dollar, and a 0.6% rise against the Australian buck, which has been the underperformer of the main currency pack. The flight-to-safety dynamic, while modest, has been concomitant with a dip in S&P 500 futures, and has come despite firmer stock markets in Asia. Read more
The Dollar was a little higher overall in N.Y. on Monday, taking the DXY to 98.08 highs from opening lows of 97.95. EUR-USD was steady through the morning, topping at 1.1124, later bottoming at 1.1097. USD-JPY USD-JPY peaked at 106.40 early on, later settling into a narrow range on either side of 106.00. Read more
OVERVIEW The Dollar Index rebounds 0.5% and greenback firms against most major currencies. Poor IFO reading accentuates pressure on the Euro. Read more
Developments on the trade front inspired fresh volatility in forex markets today, which saw the Yen hit a 33-month high against the Dollar before turning quite sharply lower. Thin conditions prevailed in the absence of London markets. USD-JPY lifted back to the upper 105.0s after hitting a 33-month low at 104.45 in early Tokyo trading. Read more
High volatility has been the order in forex markets. News that President Trump said that China called U.S. negotiators and that "we're going to start talking very seriously with China" and that "I think we will make a deal" helped spark a rotation low in the yen after the safe-haven currency choice had earlier rallied to a 33-month high versus the dollar. Read more
The Dollar Index fell to eight session lows of 97.67 in N.Y. on Friday, coming from 98.42 at the open. USD sellers stepped in after China announced 5-10% tariffs on an additional $75 bln of U.S. goods, and the Greenback was weighed down by a fairly dovish, but non-committal speech from Fed chair Powell. Read more
The New Zealand Dollar outperformed and China's Yuan weakened, while the U.S. buck traded modestly firmer against most currencies as market participants anticipate Fed Chair Powell's address at the Jackson Hole Symposium later today. Regarding Powell, market participants are evidently not overly hopeful he will signal a clear and strong commitment to sustained rate cuts following hawkish-leaving remarks by Fed members George and Harker yesterday, and the not-so-dovish FOMC minutes from the day before. Read more
The Dollar was lower through N.Y. morning trade on Thursday, seeing the DXY fall from pre-open highs of 98.39 to lows of 98.08. The bulk of losses came following the Markit manufacturing PMI outcome, which dipped under the 50 bust/boom line for the first time since September of 2009. Read more
OVERVIEW The Dollar Index is flat near a 2019 high, waiting for the big Central Bankers' meeting we've been mentioning over the past few days. Soft PMI readings send the Euro below the 1.11 handle. WTI Crude oil gained another 1.20% but commodity-currencies remain on the defensive. HIGHLIGHT The British Pound continues to make a steady recovery against the greenback. Read more
