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The European morning saw light activity as larger flows were kept to the minimum ahead of key event risks later this week. The risk backdrop was positive in Asia, but in Europe the tone was mixed, which dampened speculative flows. Early dollar selling fizzled out, which saw EUR back away from 1.3080 to the 1.3020 area. Read more
Consolidation was noted in the FX majors in relatively quiet trade. Larger flows were minimal ahead key event risks later this week, which include the ECB policy meeting and Friday's NFP data. Sentiment was positive early on following yesterday's U.S. Read more
The dollar ended mostly lower in light N.Y. trade on Monday, though ranges overall were relatively narrow. A better U.S. manufacturing ISM outcome supported the dollar and equities initially, but USD gains were shallow and short lived. EUR-USD found good support ahead of 1.3000 before turning moderately higher, while USD-JPY fell short of the 100.00 mark, and reversed to 99.65 in afternoon dealings. Read more
Risk appetite was stable in Europe as manufacturing PMI data pointed to stabilisation in the eurozone and continued expansion in the U.K. The numbers followed a strong Japanese Tankan release, which backed the Abenomics growth drive. China manufacturing PMI overnight slowed to 50.1, but it did meet expectations and there was optimism after money market rates came down again. Read more
The focus for Asia FX came from economic data out of Japan and China. The Japanese Tankan report came in on the firmer side of expectations with big manufacturers and non-manufacturing picking up from the previous outturn, which underpinned recovery expectations and boosted USD-JPY to 99.50. Read more
Month and quarter end conditions resulted in a choppy FX market on Friday, seeing the dollar first rally, before unwinding some of its moves into the London close. U.S. data was mixed, with the Chicago PMI softer than expected, and Michigan sentiment holding up fairly well. Read more
It was a fairly low key session in Europe. There were mixed leads from equity markets. Asian markets performed well due to yesterday's strong U.S. data, dovish Fed policy rhetoric and more supportive words on liquidity from PBoC Governor Zhou. In Europe stocks dipped, which was pinned on profit taking and month-end/quarter-end repositioning. Read more
The dollar traded higher through the morning session in N.Y. on Thursday, following stronger U.S. economic releases. May personal income beat expectations, while weekly jobless claims were in-line. May pending home sales were much better than forecasts, and resulted in the dollar moving to session highs in morning dealings. Read more
The dollar traded higher through the morning session in N.Y. on Thursday, following stronger U.S. economic releases. May personal income beat expectations, while weekly jobless claims were in-line. May pending home sales were much better than forecasts, and resulted in the dollar moving to session highs in morning dealings. Read more
The FX market was relatively quiet overall as month-end/quarter-end reduced volumes. Asia provided a positive lead, while in Europe the tone was more mixed, which dampened on activity. EUR marked time above 1.3000 throughout. However, GBP dropped after U.K. Read more
