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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
The greenback was quiet into the FOMC announcement on Wednesday, sticking to a narrow range, though with a softer tilt through the morning, where building consensus for a modest $10 bln Fed taper saw the market position to the short USD side of the ledger. Read more
Activity was light over the course of the Asia and European session. However, there was some pre-Fed price chop. The standout flows went through JPY, which was boosted by option related flows via USD-JPY amid large expiries at 99.00 and 98.75, along with Middle Eastern account supply in EUR-JPY from 132.50 through 132.00. Read more
The was no interest to take on fresh positions ahead of today's FOMC outcome. This left the G10 inside familiar trading ranges. EUR-USD remained near the 1.3350 region, Cable traded close to 1.5900, USD-JPY traded in front of 99.00 and AUD-USD moved quietly either side of 0.9350. Read more
