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The dollar pared intraday gains and most currency pairings were showing a net movement of less than 0.2% on the day heading into the New York interbank market opening. European stock markets pared intraday losses of over 2%, with the pan-region Stoxx 600 showing a 0.5% loss as of the early PM session. Read more
The dollar has traded firmer amid a backdrop of souring risk appetite after EU leaders yesterday signed-off the finance minister's agreement on immediate crisis measures but failed to come up with a deal on a trillion Eurozone recovery fund. This, along with news in the U.S. Read more
The Dollar index fell through the morning as risk-on conditions prevailed, later rallying as Wall Street gave back the bulk of early gains. The DXY bottomed at 100.06, from 100.63 before peaking at 100.57. Jobless claims rose another 4.2 mln, but had little market impact. Read more
The euro has weakened against the dollar and most other currencies as the markets digested the magnitude of decline in preliminary April PMI survey data out of the Eurozone. The manufacturing sector dropped to 33.6 from 44.5 in March, while services sector collapsed to just 11.7 from 26.4 in the moth prior. Read more
The Australian dollar rebounded out of a post-PMI data dip, aided by a generally risk-on sentiment in Asia-Pacific markets today, which followed the bullish vibe on Wall Street, where another massive U.S. coronavirus relief package and a rebound in oil prices have helped buoy stock markets. Read more
The Dollar was again range bound in N.Y. on Wednesday, though did manage small gains overall. Risk-on conditions returned, with Wall Street higher as oil prices rebounded, and as hopes for at least a partial unlocking of the country set in. There was little in the way of incoming data but for FHFA house prices, which had no market impact. Read more
Most currencies have been holding relatively narrow ranges against a backdrop of steadying stock markets. The Australian dollar was an exception, and to a lesser extend the pound, with both managing to bounce, partially recouping losses seen during the first two days of the week. Read more
Outside a jump in the Aussie most currencies have been stable so far today, holding relatively narrow ranges against a backdrop of steadying stock markets. The MSCI Asia-Pacific equity index still edged out a two-month low, though the main indices in China and South Korea managed to recover into the black during their PM sessions. Read more
The Dollar dipped some in early N.Y. trade on Tuesday, later bouncing back modestly later in the session. Narrow ranges were in place through the session. Wall Street was hit hard again on uncertain earnings outlooks, and the deepening of the oil price rout. Read more
Currencies have once again adopted a risk-off positioning formation as global stock and commodity markets tumble. The yen, closely followed by the dollar, have taken the lead in the outperforming pack while the commodity currencies have taken a lead in the underperforming group. Read more
