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China trade data limited risk appetite after it came in at very weak levels, with exports dropping 3.7% y/y and imports down 0.7% y/y. However, AUD found support on dips and recovered from 0.9125 to trade over 0.9200 as the breakdown revealed a rise in Australia imports. Read more
The dollar rallied on N.Y. trade on Tuesday, taking EUR-USD toward 1.2755 on the back of dovish ECB speak, and an Italy downgrade. USD-JPY held over 101.00 through the morning session, though dipped to 100.83 on a round of weak longs trimming positions. Read more
The USD, JPY and CHF moved lower in early trade as intra-day accounts responded to a rise in risk appetite. Asia markets benefited from yesterday's earnings report from Alcoa and a reduction in Eurozone risks as Greece got the go ahead to receive the next bailout tranche. Read more
The FX majors continued to trade in tight ranges in another session of consolidation. EUR traded just ahead of 1.2850, Cable was close to 1.4950 and USD-JPY traded around the 101.00 region. China released the first batch of its monthly data releases. Both the June CPI and PPI readings came in close to market expectations at 2.7% y/y and -2.7% y/y, respectively. Read more
FX trade was very quiet in N.Y. on Monday, with ranges generally narrow. This said, the greenback did lose modest ground, with EUR-USD edging toward 1.2880 from 1.2840, and USD-JPY slipping under 100.80 from highs near 101.20. The modest pullback in Treasury yields may have weighed down the greenback to an extent, though some paring of long positions was noted following last Friday's dollar gains. Read more
Risk appetite in Europe was positive after weak sentiment in Asia. Early activity was influenced by news that Greece are likely to reach a deal with its creditors in order to receive the next bailout tranche. Markets still benefited from last week's dovish policy bias from the ECB and BoE, while Friday's U.S. Read more
The dollar held on to Friday's strong gains following the U.S. NFP release, which underpinned expectations that the Fed could begin to taper policy from September. This left EUR close to 1.2800, while Cable headed back below 1.4900 and USD-JPY was supported over 101.00. Read more
The dollar surged higher in N.Y. trade on Friday, following a better than expected June jobs report. The U.S. added 195k jobs, handily beating 165k forecasts, while back month upwardly revised data helped as well. The dollar steadied following its post-jobs rally, though remained near session highs versus most majors through the session. Read more
The impetus for FX markets still came from yesterday's BoE and ECB rate decisions. Both banks left policy unchanged, but decided to move to forward policy guidance. EUR and GBP added to Thursday's losses, moving through support at 1.2880 and 1.5000, respectively. Read more
The impetus for Asia FX came from yesterday's BoE and ECB rate decisions. Both banks left policy unchanged, but decided to move to forward policy guidance. EUR and GBP maintained a heavy tone after they fell sharply to carve out five week lows against the USD. Read more
