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Sentiment improved, which supported USD-JPY and it ended the session above 95.00. Movement via USD-JPY tended to guide action and the dollar firmed up against EUR, GBP and the commodity bloc currencies. Yesterday's positive close for U.S. stocks was reinforced by a sharp rebound in Japan. Read more
The dollar was steady to higher in N.Y. trade on Thursday, helped initially by better retail sales and a modest drop in initial jobless claims. Equities turned higher, which helped the greenback at the margins, though short covering took EUR-USD off its lows into the London close. Read more
The European morning experienced a modest correction from some of the overnight moves. A Nikkei move into bear market territory was the catalyst for steep opening losses for European markets, but following through was limited. Stock markets steadied, albeit in negative territory, led by a rally in the Nikkei futures market, which encouraged a USD-JPY rebound from 93.80 to 94.30 versus Asia highs over 96.00. Read more
The European morning experienced a modest correction from some of the overnight moves. A Nikkei move into bear market territory was the catalyst for steep opening losses for European markets, but following through was limited. Stock markets steadied, albeit in negative territory, led by a rally in the Nikkei futures market, which encouraged a USD-JPY rebound from 93.80 to 94.30 versus Asia highs over 96.00. Read more
The European morning experienced a modest correction from some of the overnight moves. A Nikkei move into bear market territory was the catalyst for steep opening losses for European markets, but following through was limited. Stock markets steadied, led by a rally in the Nikkei futures market, which encouraged a USD-JPY rebound from 93.80 to 94.30 versus Asia highs over 96.00. Read more
Movement in Asia was dominated by further Japanese market losses, which triggered more deleveraging. The Nikkei closed almost 5% lower, having lost as much as 6% during the session, which fueled a sustained USD-JPY move under 95.00, which kept EUR-USD elevated over 1.3350 and Cable close to 1.5700. Read more
Movement in Asia was dominated by further Japanese market losses, which triggered more deleveraging. The Nikkei closed almost 5% lower, having lost as much as 6% during the session, which fueled a sustained USD-JPY move under 95.00, which kept EUR-USD elevated over 1.3350 and Cable close to 1.5700. Read more
The dollar fell again in N.Y. dealings on Wednesday, taking EUR-USD over 1.3350, and USD-JPY under 95.20. The USD index fell to levels last seen in mid-February. Soft risk appetite, weaker equities, and deleveraging all conspired against the greenback, though USD-JPY did recover back to 96.00 in thin afternoon trade. Read more
Consolidation set in by the time the European morning ended, leaving EUR unchanged just under 1.3300. Cable was higher on the session as the recent upturn was supported by more positive U.K. data. The early action out of Europe was dominated by leverage flows, which weighed on the CHF, JPY and USD. Read more
In Asia, USD-JPY gained on repositioning and there was further choppy action via AUD-USD. Regional stock markets posted moderate losses, but several centers were closed, which dampened activity. The dollar consolidated Tuesday's losses, which left EUR in a tight range close to 1.3300 and Cable maintained a firm tone over 1.5600. Read more
