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The Dollar has traded mostly firmer so far today. The biggest movement has been against the Australian Dollar, after the minutes to the early April RBA meeting showed that a rate cut had been discussed. AUD-USD dropped over 0.5% in making a two-session low at 0.7140. Read more
The main currencies have continued to see little directional bias for the most part, which has been seen against backdrop of buoyant global stock markets. The narrow trade-weighted USD index is near flat on the day so far, at 96.92, continuing a consolidation of declines seen last week. Read more
The Dollar bounced from overnight lows, taking the DXY to 96.95 from 96.80 lows at the open. Major Dollar pairings were range bound, though overall supported by a better Empire State index, and by some save-haven USD buying on the back of largely risk-off conditions. Read more
OVERVIEW The Dollar Index is trading flat against the major currencies GBP is the strongest currency today as the market continues to price in a breakthrough Read more
The Dollar has been plying narrow ranges so far against a backdrop of moderately bullish equity markets, in Asia and Europe, and rising sovereign bond yields. EUR-USD has been narrowly orbiting the 1.1300 level, consolidating recent gains from the six-week low at 1.1183, seen on April 2. Read more
The Dollar majors have been trading in narrow ranges so far against a backdrop of moderately bullish Asian equity markets and rising sovereign bond yields. EUR-USD has been narrowly orbiting the 1.1300 level, consolidating recent gains from the six-week low at 1.1183, seen on April 2. Read more
The Dollar pulled back in N.Y. trade on Friday, weighed down by risk-on conditions, which came following improved China loan and trade data. The DXY fell to 96.75 lows from overnight highs of 97.19. Wall Street extended gains, while Treasury yields rose as well. Read more
OVERVIEW The greenback turns negative, trading lower against its major peers Sterling strengthen to a six-day high, as the market priced in a Brexit breakthrough Read more
Both the Dollar and Yen have been notably underperforming most other currencies so far today, which has come against a backdrop of reviving risk appetite following strong import data out of China. In the mix was a strong bid for EUR-JPY at the Tokyo fix today, which drove the Euro generally higher while leading to Yen underperformance. Read more
A strong bid for EUR-JPY was seen at and after the Tokyo fixing today, which drove the Euro generally higher while leading to Yen underperformance. Interbank market narratives pointed Japan’s Mitsubishi UFJ Financial Group's purchase of aviation financing business of Germany’s DZ Bank as being behind the demand. Read more
