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The Australians and New Zealand dollars have edged higher in quiet, low volume trading. Both AUD-USD and NZD-USD printed a 10-day highs, at 0.6914 and 0.6614, respectively. Both pairings look set to enter 2020 near their recent five- and four-month highs. Read more
The DXY rose to two-week highs of 97.73 in N.Y. trade on Friday. The reaffirmation of Q3 GDP, along with firmer earnings and consumption figures supported the USD. Wall Street rose to fresh record highs, while Treasury yields were little changed in holiday-mode trade. Read more
The dollar has continued in directionally mixed trading, gaining versus the euro and New Zealand dollar, which has underperformed amid position trimming in thin markets ahead of the Christmas and new-year holiday period, while holding flat against the yen, and losing ground to the Canadian and Australian dollars, and, to a lesser extent, the pound, which failed to hold on to gains seen following above-forecast UK Q3 GDP data. Read more
Narrow ranges have continued to be the norm as markets wind down into the Christmas and new year holiday period. EUR-USD has mustered less than a 10-pip range so far today, holding in the lower 1.1100s in what is now the seventh consecutive trading day the pair has been trading on a 1.11 handle. Read more
Another quiet pre-holiday FX session in N.Y. on Thursday, leaving major Dollar pairings range bound. Incoming U.S. data was on the soft side, leaving the Philly Fed index, jobless claims, and existing home sales missing consensus forecasts, though the FX market only lightly sold the Dollar off on the results. Read more
The dollar drifted moderately lower in quiet trading. EUR-USD lifted out of the one-week low seen yesterday at 1.1110, but remains mired in narrow ranges in what is now the sixth consecutive session trading on a 1.11 handle. USD-JPY also continued to ply narrow ranges, though the pair still managed to scratch out a six-day high at 109.68 during the Tokyo session, which is 2 pips shy of the 17-day high seen last Friday, and 4 pips shy of the seven-month peak seen on December 2. Read more
The dollar has traded moderately softer in thinning year-end markets. This has seen the narrow trade-weighted USD index (DXY) ebb to a low of 97.30, down from the one-week high seen yesterday at 97.47. A rebound in Cable has weighed on the U.S. currency, with sterling finding a footing after plunging by nearly 3.5% from last week's post-UK election rally high at 1.3515. Read more
FX trade was very quiet in N.Y. on Wednesday, though the DXY managed a one-week high of 97.47 early in the session. There was no data to drive the market, though firmer Treasury yields provided some support to the USD. EUR-USD ranged between 1.1111 and 1.1134, closing out the day near its lows. Read more
The dollar has traded moderately firmer against most currencies, which lifted the narrow trade-weighted USD index (DXY) to a six-day high at 97.36. This extends the rebound in the USD index from the five-and-a-half-month low that was seen last Thursday, at 96.59. Read more
Sterling posted fresh correction lows against the dollar and euro, among other currencies. Cable printed a six-day low at 1.3072, and EUR-GBP a two-week high at 0.8517. This follows UK prime minister Johnson's revival of the no-deal Brexit threat yesterday, by pledging to modify the EU withdrawal agreement so that it legislates against any extension in the post-Brexit transition period beyond 2020. Read more
