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The Euro has been in consolidated mode after rallying on the ECB's refrain from cutting rates yesterday's, though the central bank still shifted to an explicit easing bias, laying the groundwork for a comprehensive set of easing measures in September. Read more
The Dollar majors have become entrenched in narrow ranges after some choppy trading yesterday. The Euro has consolidated after rallying on the ECB's refrain from cutting rates yesterday's, though the central bank still shifted to an explicit easing bias, laying the groundwork for a comprehensive set of easing measures in September. Read more
The Dollar firmed early in the session, led by EUR-USD's decline to two-year lows of 1.1102. The move came following the ECB announcement, which revised forward guidance to say that rates will be at "present or lower levels", at least through the first half of 2020, as widely expected. Read more
The Dollar majors have settled in narrow ranges into the ECB's policy meeting, with markets giving about 50% odds for the central bank producing a 10 bp rage cut today following yesterday's manufacturing PMI disappointments in the Eurozone. The Euro went into a consolidation after declining sharply yesterday. Read more
The Dollar was range bound in N.Y. trade on Wednesday, leaving the DXY inside of a 97.56 to 97.68 trading band. Incoming U.S. data saw mixed flash manufacturing and services PMI , and softer new home sales, though neither had much lasting impact on the USD. Read more
The Dollar has traded mixed, but broadly underpinned after rallying for three consecutive days. The Euro took a hit on Eurozone PMI misses, which drove EUR-USD to a seven-week low at 1.1127 and EUR-JPY to a new near-seven-month low at 120.21. EUR-CHF also declined, though the cross has remained above the 24-month low seen yesterday at 1.0971. Read more
The Dollar has consolidated recent gains for the most part, having been buoyed in recent sessions by a relatively more measured view in markets of Fed easing potential, along with the deal to end the U.S. budget impasse and amid the evident easing bias of other major central banks. Read more
The Dollar headed higher in N.Y. trade on Tuesday, lifting the DXY to a better than one-month high of 97.71, up from opening lows of 97.47. The USD rallied despite softer incoming U.S. data, with both existing home sales sand the Richmond Fed index missing the mark. Read more
The Dollar has posted fresh highs against the Euro, Yen, Pound, and other currencies, partly amid a more circumspect view in markets of Fed easing potential and partly as other central banks are heading in the direction of the stimulus spigot. The expected announcement later today confirming that Boris "no-deal Brexit" Johnson is the new prime minister of the UK is also keeping the Pound under pressure, especially with BoE MPC member Saunders describing UK growth as "weak and below trend" in an interview with Bloomberg. Read more
The Dollar has retained support, partly amid markets more circumspect view of Fed easing potential and partly as other central banks, most notably the ECB, are heading in the direction of the stimulus spigot, while the expected announcement later today confirming that Boris "no-deal Brexit" Johnson is the new prime minister of the UK is keeping the Pound under pressure. Read more
