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The Dollar saw a rotation higher after initially dipping on a dovishly interpreted FOMC statement, picking up after Fed Chairman Powell cited possible transitory factors behind the current lower than trend inflation. Powell also said global growth and Brexit risks have dissipated. Read more
The Dollar ended higher in N.Y., but lost ground ahead of the FOMC on the back of softer manufacturing ISM and construction spending data. The Greenback did not get much of a bounce from the better ADP jobs report, as traders played defense ahead of the Fed. Read more
OVERVIEW The US dollar is trading flat relative to other G10 currencies GBP/USD keeps a strong tone against the greenback, trading near new 10-day high Read more
The Dollar has continued to soften in thin markets today, with many centres in Asia and Europe out for the Labour Day holiday. EUR-USD lifted to an eight-day high at 1.1239, marking the fourth consecutive up day, extending the rebound from the 23-month low seen last Friday at 1.1111. Read more
The Dollar majors have been plying narrow ranges so far today, with volumes low amid Labour Day holidays, which has closed China and Hong Kong, along with Singapore and others, while Japan has remained out for its week-long Golden Week hiatus. All the the main dollar pairings and associated cross rates that we keep tabs on have seen less than 20 pips ranges. Read more
The Dollar dropped in N.Y. on Tuesday, taking the DXY to six-session lows of 97.44 from 97.65 at mid-morning. Risk-off conditions were in effect, and yields slipped some. Recent U.S. price data have been soft, which along with prospects for a dovish FOMC on Wednesday, may be behind the Greenback's recent soft patch. Read more
OVERVIEW The greenback is trading with a negative bias as the FOMC meeting starts GBP/USD moved to an eight-day high on general dollar weakness and now waits for the Bank of England Read more
The Dollar has come under pressure, led by broad Euro gains following a set of bullish data leads out of the Eurozone, along with USD-JPY declines as the Yen picked up safe haven demand as stock markets in Europe and Asia sputtered. Disappointing manufacturing PMI data out of China, along with earning misses from Samsung and Alphabet, outweighed Eurozone data on the bull-bear scales. Read more
A risk-off theme has taken a hold, which has driven AUD-JPY, a forex market proxy on risk appetite in global markets, 0.5% lower as AUD-USD sank to a two-session low at 0.7034 and USD-JPY to a three-week low at 111.35. Stock markets across Asia have continued to sputter today, this time following disappointing manufacturing PMI readings out of China, which signalled a deceleration in the pace of expansion in both private and official readings. Read more
The Dollar headed lower again in N.Y. on Monday, weighed down partly by cooler PCE chain prices, and partly by continued profit taking following the near two-year highs seen last week. Income data was a bit soft, though spending beat consensus. The DXY slipped under 97.85 from 98.10 highs. Read more
