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The dollar largely gave back gains seen during the pre-Europe session in Asia. EUR-USD left a 13-day low at 1.1371 before recouping back to the 1.1400 level. AUD-USD also lifted after earlier printing an eight-day low at 0.7146, while USD-CAD ebbed back after posting a three-day high at 1.3309. Read more
An abatement in risk appetite has impacted currencies, driving moderate Yen outperformance and underperformance in the Dollar bloc and some emerging-world currencies. A side theme has been general Dollar gains, USD-JPY excepted, following the release of the Fed's Beige Book survey yesterday, which found labour market tightness and rising wages. Read more
The Dollar was rangebound in N.Y. trade on Wednesday, seeing the DXY navigate a narrow 96.13 to 95.98 band. The Greenback faded some in early trade, though later steadied. For data, November trade prices fell less than expected, while the NAHB housing market index came in better than expected. Read more
OVERVIEW Even though Labour Party Leader Jeremy Corbyn argued that PM May's "zombie administration" is shuffling along, Theresa May survived a 325-306 vote. GBP EUR firms up as investors feel a soft Brexit or delay is within reach. USD EUR rises on news Germany recently barely avoided a recession HIGHLIGHT PM May's Brexit separation agreement was widely panned and failed to garner parliamentary support Tuesday. Read more
The Dollar has traded mostly firmer. EUR-USD tipped back under 1.1400 and posted a 12-day low at 1.1377. The pair has been in a downward phase over the last week, and we expect this bias will remain dominant for now, given the backdrop Eurozone-slowing narrative. Read more
The Dollar majors have been plying narrow ranges so far today. Cable, after surging well over 1% to a peak of 1.2890 following the expected Brexit deal rejection by the UK's parliament, has settled near 1.2850. Much political uncertainty has now fallen upon the UK. Read more
The Dollar moved higher in N.Y. on Tuesday, despite the cooler U.S. PPI outcome. Wall Street rallied, which saw Treasury yields rise some, supportive of the Greenback. EUR-USD fell from 1.1455 highs to a 1.1381 low, while USD-JPY bottomed at 108.33 then bounced to 108.76 as stocks headed higher. Read more
OVERVIEW The Dollar Index remains in positive territory but remains cautious amidst the prolonged and contentious government shutdown. Gold is trading higher near $1,300 with investors seeking safe-haven assets NYMEX WTI Crude spiked 2.50% to trade near $52.00 a barrel. HIGHLIGHT The stage is set in the House of Commons for the “meaningful vote” with proposed EU Withdrawal Agreement expected to fail. Read more
The Yen weakened and Dollar bloc currencies rallied amid a risk-back-on sentiment in markets, with Asian stock markets and U.S. equity index futures rallying after China announced the implementation of economic stimulus measures following the release of weak trade data yesterday. Read more
The Yen weakened and Dollar bloc currencies rallied amid a risk-back-on sentiment in markets, with Asian stock markets and U.S. equity index futures rallying after China announced the implementation of economic stimulus measures following the release of weak trade data yesterday. Read more
