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The dollar traded on the heavy side throughout the European morning. It faded lower on Thursday and got added traction into the N.Y. close amid the latest piece from WSJ's Hilsenrath. He suggested that the Fed will continue with the current rate of bond buying and could refresh its forward guidance policy message next week. Read more
The dollar remained heavy in Asia following Thursday's losses. In N.Y. the dollar faded on weaker than expected data. However, stocks still closed at firmer levels, though this did not carry into Asian markets, which struggled. The Nikkei fell sharply as USD-JPY broke 99.00. Read more
FX activity was very light in N.Y. on Thursday, though the dollar faded fairly broadly through the session. Firmer weekly jobless claims and flat non-transport durables weighed on risk taking levels, resulting in a weaker greenback, and softer equities in morning trade. Read more
The dollar ended the European session on a slightly firmer footing as equity markets fell, which provided light support for JPY and CHF, respectively. The EUR maintained levels close to 1.3200. It only received brief support from German Ifo, which rose slightly. Read more
It was a quiet session in Asia. The dollar held steady after yesterday's pick up in U.S. yields. The 10-year benchmark rose in Asia to 2.607%, which supported the dollar on dips and left EUR close to 1.3200 and USD-JPY close to 100.00. AUD-USD remained heavy following the stop hunt below 0.9180 after yesterday's European close and it extended to 0.9130 overnight. Read more
The dollar added marginally to early gains after the firmer flash PMI and new home sales outcomes, taking EUR-USD to 1.3200 lows, and filling the post-German PMI release "gap" up over 1.3250. USD-JPY traded on a firmer footing over 100.25, supported by elevated Treasury yields. Read more
Risk appetite improved in Europe after a poor session in Asia. Today's focus was on PMI data. HSBC's flash reading for China hit an eleven month low and former PBoC Xia Bin said China has signs of a crisis. In contrast, Eurozone data beat expectations on a better than expected reading from France and strong numbers from Germany. Read more
The dollar found a modicum of support in Asia after China's HSBC flash manufacturing PMI hit an eleven month low of 47.7. The dip in sentiment was compounded by an article in the China Securities Journal, which claimed that China Q4 economic growth may be less than 7%, adding that it's lower limit for growth is misunderstood. Read more
FX trade was light in N.Y. on Tuesday, though the dollar lost ground on the back of softer risk taking sentiment, and a weak Richmond Fed index outcome. EUR-USD was finally able to pierce the a.3200 level decisively, managing 1.3230 highs, before holding steady over the figure through the session. Read more
FX trade was fairly quiet in N.Y. on Monday, though the dollar lost ground to virtually all major currencies. Incoming data was weaker than expected, as both existing home sales, and the Chicago Fed index missed the mark. Equities however, manage to hold onto modest gains through the session, while Treasury yields were nearly flat on the session. Read more
