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The USD is marginally firmer versus the other currency majors after quite session in Asia and the European AM. Stock markets saw a further recovery, though market participants were being cautious ahead of the ECB and BoE announcements, both of which may bring market-moving statements, and with tomorrow's U.S. Read more
The main currencies are showing little net change from Wednesday's London closing levels, though the AUD popped higher on a set of firm Australian data. USD-JPY and EUR-JPY are fractionally higher at 101.48-50 and 137.24-26, with the backdrop of steady stock markets having brought a halt the recent firming trend of the yen. Read more
The last two quarters of GDP reports for the US have been very bullish with prints of 4.1% and 3.2%. However, recent data has left the markets concerned. Durable goods orders recently dropped, the housing sector is slowing and auto sales dropped more than expected. Read more
The dollar was mostly rangebound in a choppy FX session in N.Y. on Wednesday. A slightly softer ADP jobs print had little immediate impact, nor did an in-line non-manufacturing ISM outcome. Equities traded erratically on either side of flat through the session, along with the greenback. Read more
For over half a decade, the price of gas has acted like a governor, or choke collar, on the US economy. Whenever growth accelerated, the price of gasshot up near or over $4 a gallon, causing consumers to cut back on other purchases. The economy slowed, the price of gas fell, and the cycle started again. Until the last six months. Read more
The USD and other main currencies were in consolidation mode as the risk aversion theme took a breather with the help of positive surprises on the corporate earnings front and amid market expectations for a decent U.S. jobs report this Friday. EUR-USD continued its oscillation around the 1.3500 level and USD-JPY was settled around 101.20 after drifting lower from the Tokyo-session peak of 101.76. Read more
Not a lot of net movement among the main currencies since the London closing on Tuesday, though GBP has managed to hold firm following the strong construction PMI yesterday while the NZD popped higher after a solid employment report out of New Zealand. Read more
Markets calmed some on Tuesday, taking Wall Street higher, though nowhere near making up for Monday's losses. The U.S. calendar was light, with just December factory data on tap, which was weaker than expected. The dollar managed to rally modestly however, as EUR-USD dipped briefly under 1.3500, and USD-JPY moved over 101.50, up from overnight lows near 100.75. Read more
Consider the following chart: Read more
The USD was near net unchanged levels in the late London AM session, though it saw fresh lows against the yen, which remained an outperformer as the stock rout continued, and also posted declines against the Aussie dollar after the RBA indicated a comparatively less dovish stance in its statement following its February policy meeting. Read more
