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The dollar ended on a weaker footing after a series of U.S. data misses, which included the key NFP release. The headline number increased 162k in July from a downwardly revised 188k outturn in June, which compared with the 183k median. Expectations were inflated ahead of the release after a series of upbeat job reports earlier in the week and compounded market disappointment. Read more
The dollar was supported overall after a run of firmer U.S. data, which has raised the risk of a firm NFP reading. The market is looking for a number within the 180k to 200k range, which will keep alive expectations of policy tapering in September. In Europe, U.K. Read more
The dollar held on to a firmer tone following yesterday's mostly firm U.S. data releases, which kept alive the prospect of Fed tapering as early as September and also raised the risk of a better than expected NFP reading. Activity in Asia was relatively low due to the pending data risk. Read more
The dollar was supported overall as market participants digested more U.S. data strength in light of Wednesday's Fed policy statement. On balance, the market judged that Fed policy tapering was still on for September if data continues to improve. EUR traded under 1.3200 for the first time in a week as ECB maintained a dovish policy stance after it left policy unchanged as expected. Read more
The dollar was supported overall in Asia and Europe as market participants digested the Fed policy statement. On balance, the market judged that Fed policy tapering was still on for September if data continues to improve. EUR pulled back from 1.3300 and ebbed under 1.3250 despite better than expected Eurozone PMI as the focus remained on policy decisions from the ECB and BoE. Read more
The dollar is supported overall as market participants digested the Fed policy statement. On balance the market judged that Fed policy tapering was still on for September if data continues to improve. EUR pulled back from the 1.3300 region and traded through 1.3270, while USD-JPY saw good buying interest from 97.70 and traded through 98.30 during the Asia afternoon. Read more
The dollar rallied in morning trade, then pulled back to opening levels ahead of the FOMC announcement. The greenback got an early boost from a much higher than expected preliminary Q2 U.S. GDP reading (though Q1 was revised sharply lower), and in-line Q2 ECI, and slightly softer Chicago ISM print. Read more
The was movement today in Europe despite the looming slew of risk events this week. The JPY logged fresh highs against the USD and EUR, the AUD logged a fresh trend low near 0.9000 before finding a toe-hold, the market continued to drive GBP lower as it discounts an adoption of forward guidance at the BoE this week, and EUR-USD saw a 60-pip whip-saw amid speculation that Obama's plan to lower taxes for America corporations might take the form of the former U.S. Read more
The ranges of the main currencies were narrow in pre-European Asian trade today. Markets were essentially on hold until the U.S. Fed's statement later on Wednesday, which is likely to confirm that QE is drawing to a conclusion while emphasizing that the exit will be managed according to how the economic recovery evolves. Read more
The dollar was generally firmer in N.Y. trade on Tuesday, though activity was again on the low side into Wednesday's U.S. GDP and ADP jobs data, and of course the FOMC announcement. EUR-USD traded down to 1.3235 lows after taking out option barriers at 1.3300, while USD-JPY reclaimed the 98.00 handle. Read more
