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The euro outperformed moderately during the London morning session, and was showing a 0.5% gain on the weakest of the main currencies, the Australian dollar. Both EUR-USD and EUR-JPY tested their respective 32- and three-month highs from yesterday, though neither the pair nor the cross exceeded these levels. Read more
Currencies have settled in relatively narrow ranges so far today, with the dollar and yen consolidating recent sharp declines. Global asset markets have remained buoyed, though mixed. The main U.S. equity indices hit fresh highs yesterday and copper prices today posted new near-seven-year highs today in Asia trading. Read more
Another day, another 32-month DXY low, as the Dollar continues to be hammered broadly. Negative real U.S. interest rates, along with prospects for another round of U.S. fiscal stimulus, along with hopes that the global economy will rebound quickly once Covid vaccines are widely available, have all conspired against the USD. Read more
The DXY dollar index posted a fresh 32-month low at 90.84. The index is amid its third consecutive down week, and the dollar has declined in four of the last five weeks. Global asset markets have come off the boil, and many market narratives are talking about the good news on Covid vaccines and the clearing political picture in the U.S. Read more
The DXY dollar index posted a fresh 32-month year low at 90.93. The index is amid its third consecutive down week, and the dollar has declined in four of the last five weeks. Global asset markets have come off the boil, and many market narratives are talking about the good news on Covid vaccines and the clearing political picture in the U.S. Read more
The Dollar attempted to move higher through the London morning session, though again came under pressure through the N.Y. session. The DXY touched lows not seen since April of 2018, bottoming at 91.11, and down from opening highs of 91.50. USD losses came on the back of a largely disappointing ADP jobs report. Read more
The dollar and yen have remained soft versus most other currencies, although caution emerged in global asset markets. EUR-USD broke higher over the last day and today extended to a new 32-month high at 1.2089. Demand for euros was notable yesterday, and followed eurozone inflation data for November that came in below expectations in posting a fourth consecutive month of deflationary CPI readings, at -0.3% y/y. Read more
The dollar and yen have remained soft versus most other currencies, although some caution emerged in global asset markets after a fresh rally yesterday. EUR-USD broke higher over the last day and today extended to a new 32-month high at 1.2089. Demand for euros was notable yesterday, and followed eurozone inflation data for November that came in below expectations in posting a fourth consecutive month of deflationary CPI readings, at -0.3% y/y. Read more
The dollar and yen came back under pressure as risk-on positioning in global markets resumed. Most of the main dollar pairings and cross rates remained with recent ranges, though NZD-JPY saw a new one-year high, even as NZD-USD remained just off the 30-month high that was seen yesterday. Read more
The dollar and yen came back under pressure as risk-on positioning in global markets resumed. Most of the main dollar pairings and cross rates remained with recent ranges, though NZD-JPY saw a new one-year high, even as NZD-USD remained just off the 30-month high that was seen yesterday. Read more
