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Risk aversion continued in Asia, which supported JPY and CHF, while the USD maintained a mixed tone. EUR traded on the heavier side after it closed just under 1.3500 on Monday, while Cable held on to levels above 1.6000. The lack of interest to put on speculative positions capped AUD and it drifted back into 0.9400, while NZD-USD fell to 0.8315 on cross flows. Read more
The FX market was quiet in N.Y. trade on Monday, with the dollar mixed, but in narrow ranges on the session. EUR-USD dipped to lows near 1.3480, though a N.Y. close over 1.3500 may keep the uptrend intact. USD-JPY trolled along under 99.00 through the session, touching 98.65 lows. Read more
The FX majors were narrowly mixed in quiet trade. EUR-USD received a mild boost from Merkel's German election victory, though difficult talks are anticipated in order to build a coalition. EUR moved into 1.3350 and then eased just ahead of 1.3500. Eurozone flash PMI data was mixed. Read more
The dollar continued to consolidate softer levels as the Fed outlook remained in the headlines. EUR experienced early demand on dips as Germany's Merkel won the weekend election, but fell just short of a majority and will still need to build a coalition. Read more
The FX market was relatively quiet on Friday, as consolidation set in after the heavy volumes seen over the course of the week. The greenback perked up some through the N.Y. morning however, largely as short positions were covered into the weekend. There was nothing on the economic calendar to provide direction, and ranges were fairly narrow overall. Read more
The FX market was quiet as consolidation set in after the heavy volumes seen over the course of the week. The dollar and yen consolidated softer levels, although both currencies made up a little bit of ground from Thursday's base as profit taking set in. Read more
Asian markets ended the week on a quiet footing as consolidation set in after the heavy volumes seen over the course of the week. The dollar and yen consolidated softer levels, although both currencies made up a little bit of ground from Thursday's base as profit taking set in. Read more
The dollar stayed soft in morning trade, though managed to pick up some ground as the session continued. With the euro and pound in particular unable to take out overnight highs, EUR-USD and GBP-USD faded some in early afternoon dealings. USD-JPY was an exception, and remained firmer through the day, largely as flows out of yen and into emerging markets weighed on the yen. Read more
The dollar added further to post-Fed losses in Europe. Currencies that were most sensitive to the revival in risk appetite outperformed. The commodity bloc currencies were buoyant, leaving AUD over 0.9500 and USD-CAD under 1.0300 as Nymex crude held above $108 and gold was supported ahead of $1360. Read more
The dollar is consolidating after it posted very deep losses on the surprise unchanged Fed decision. It gave fresh life to risk assets and emerging markets, which had suffered on prior taper risks. The downturn in U.S. yields weighed heavily on USD-JPY in N.Y. Read more
