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The Dollar came under pressure again in N.Y.on Friday, taking the DXY to seven-session lows of 97.55, after touching two-year highs of 98.37 on Thursday.Weaker PMI data on Thursday was a major weight on the Dollar then, and a soft durables report Friday did further damage to the Greenback. Read more
OVERVIEW The US Dollar slides lower as trade tensions start to bite the economy The British Pound holds steady ahead of a volatile session after the PM announces her departure date (June 7th) Read more
A rally in Sterling interrupted an otherwise directionally-limited London AM session in the forex market. The spark was the resignation announcement of Prime Minister May, who will step down on June 7th, after President Trump's three-day state visit. Cable sprang about 0.5% higher in posting a 1.2718 high, which extending a rebound from the near five-month low seen yesterday at 1.2605. Read more
The Dollar, Yen and Swiss Franc have softened amid a hiatus in the risk-off theme that dominated markets yesterday. Sentiment remains fragile, though. The MSCI Asia-Pacific (ex-Japan) equity index still managed to carve out a fresh four-month low at the intraday low, before recovering a little, with the main Chinese indexes showing fractional gains. Read more
The Dollar index rallied to two-year highs in early N.Y. trade on Thursday, with gains coming on the back of safe-haven flows into the Dollar as a result of ongoing trade war concerns. Weakness in May flash manufacturing and services PMIs later prompted a sharp round of profit taking related USD selling, resulting in the DXY's fall to one-week lows. Read more
OVERVIEW The US Dollar is struggling to hang onto recent gains near a 24-month high against the major currencies. Soft PMI reading puts the Euro under pressure, down by 0.4% on the day Read more
The Dollar has traded firmer against most currencies fo far today, with the exceptions of the Yen and Swiss Franc, which outperformed on a rekindled safe-haven bid as European and Asian stock markets, and U.S. equity index futures, turned quite sharply lower. Read more
The main currencies have traded with limited directional bias, on net, so far today. The FOMC minutes weren't perhaps quite as dovish as some market participants were anticipating, which inspired a modest rise in the dollar. The minutes showed that "many" believe downside risks had abated, and that low inflation was likely "transitory," though "several" worried that low inflation expectations could become anchored. Read more
A lack of data, and relatively uneventful risk-backdrop saw the Dollar dip in early trade, then recover to near unchanged into the close. EUR-USD ranged between 1.1180 and 1.1151,ending near 1.1160. USD-JPY was range bound settling near 110.35, while USD-CAD rallied to 1.3435 on weaker oil prices, after bottoming at 1.3358 following strong Canada retail sales. Read more
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