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The dollar has declined against a backdrop of coursing risk-on sentiment in global equity markets. The three major U.S. equity indices closed at record highs on Wall Street yesterday, and the MSCI Asia-Pacific has hit18-month highs today. The MSCI's all-country world index is up 24% on the year, which is its best annual performance since 2009. Read more
The FX market was virtually closed on Tuesday in N.Y., with traders sitting on their hands into the early close for many, and ahead of Christmas on Wednesday. The only data release was the December Richmond Fed index, which fell to -5 from -1, but had little market impact. Read more
The main currencies are in a holiday-mode stasis now, which will likely remain the case through to January 2. Tokyo is the only main forex centre that will be open tomorrow. The Fed calculated broad inflation-adjusted trade-weighted measure of the dollar shows the currency to have put in a relatively narrow range this year. Read more
The main currencies are in a holiday-mode stasis now, which will likely remain the case through to January 2. Tokyo is the only main forex centre that will be open tomorrow. The Fed calculated broad inflation-adjusted trade-weighted measure of the dollar shows the currency to have put in a relatively narrow range this year. Read more
FX trade slowed to a crawl in N.Y. on Monday, with activity declining quickly into the Christmas break. The Greenback was a bit lower overall through the morning session following weak durables and softer new home sales data, though major Dollar pairings traded inside of narrow ranges. Read more
The Australians and New Zealand dollars have edged higher in quiet, low volume trading. Both AUD-USD and NZD-USD printed a 10-day highs, at 0.6914 and 0.6614, respectively. Both pairings look set to enter 2020 near their recent five- and four-month highs. Read more
The DXY rose to two-week highs of 97.73 in N.Y. trade on Friday. The reaffirmation of Q3 GDP, along with firmer earnings and consumption figures supported the USD. Wall Street rose to fresh record highs, while Treasury yields were little changed in holiday-mode trade. Read more
The dollar has continued in directionally mixed trading, gaining versus the euro and New Zealand dollar, which has underperformed amid position trimming in thin markets ahead of the Christmas and new-year holiday period, while holding flat against the yen, and losing ground to the Canadian and Australian dollars, and, to a lesser extent, the pound, which failed to hold on to gains seen following above-forecast UK Q3 GDP data. Read more
Narrow ranges have continued to be the norm as markets wind down into the Christmas and new year holiday period. EUR-USD has mustered less than a 10-pip range so far today, holding in the lower 1.1100s in what is now the seventh consecutive trading day the pair has been trading on a 1.11 handle. Read more
Another quiet pre-holiday FX session in N.Y. on Thursday, leaving major Dollar pairings range bound. Incoming U.S. data was on the soft side, leaving the Philly Fed index, jobless claims, and existing home sales missing consensus forecasts, though the FX market only lightly sold the Dollar off on the results. Read more
