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The dollar consolidated Tuesday's gains and remained close to the top end of the recent range. There was no fallout from Syria despite rising expectations that the U.S. will launch a military strike. The exception in Asia was AUD, which broke above 0.9100 after Australia Q2 GDP rose 0.6% q/q from 0.5% in Q1. Read more
The dollar posted modest gains following a much better ISM outcome, along with firmer construction spending data, though it gave back its post-data gains versus the euro and yen, largely as Syria strikes were supported by congressional leaders on both sides of the aisle. Read more
The dollar traded on the firmer side overall during the European morning. However, price action turned choppy in the latter part of the morning session as Russian news picked up reports of a missile launch in the Mediterranean. It was initially denied by various officials, but Israel later confirmed that it had carried out a joint missile test with the U.S. Read more
The dollar was relatively stable throughout the Asia session as Monday's U.S. holiday left ranges tight. EUR-USD continued to trade under 1.3200 after it broke lower into the European close. USD-JPY was an early mover and yesterday's break above 99.00 encouraged follow through demand up to 99.70. Read more
The dollar continued where it left off last week and ended the European session on the front foot. It was a poor session for flows with the U.S. and Canada closed for Labour Day, along with a busy week for both economic data and central bank policy. There were still encouraging signs on the global economy as China's official PMI release hit a 16-month high of 51.0 on the weekend release. Read more
Sentiment was positive as the immediate risk of a U.S.-led military strike against Syria faded, while economic data was also positive. U.S. President Obama decided to put the Syrian issue to vote in Congress when it reconvenes on September 9th. Economic data releases were mostly from the manufacturing sector today and included a healthy gain in China, Eurozone and the U.K. Read more
Sentiment was positive as the immediate risk of a U.S.-led military strike against Syria faded, while economic data was also positive. U.S. President Obama decided to put the Syrian issue to vote in Congress when it reconvenes on September 9th. However, there was no appetite to reduce dollar longs in Asia. Read more
The dollar was mostly firmer in N.Y. trade on Friday, though activity was light into month-end, and a long North American weekend. U.S. data was mixed, with consumption lagging some, and the Chicago ISM a bit better than forecast. Stocks were mostly underwater, though modestly, while Treasury yields were a bit softer. Read more
The dollar held steady as yesterday's better than expected U.S. data kept alive expectations for Fed tapering. The immediate risk of a military strike against Syria was reduced and this weighed on bonds and supported stocks in Asia, but in European momentum was limited. Read more
The dollar held on to a firmer tone as yesterday's better than expected U.S. data kept alive expectations for Fed tapering and supported yields. The immediate risk of a military strike against Syria is reduced and this weighed on global bonds and stocks rallied. Read more
