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Firmer Chicago PMI and consumer sentiment data helped the dollar in N.Y. on Friday, though reports of a greatly reduced Deutsche Bank fine turned EUR-USD and equity markets sharply higher. EUR-USD based at 1.1154 early in the session, before rallying to 1.1250. Read more
OVERVIEW The Euro is weaker today as shares in Deutsche bank dropped below €10 for the first time ever. This in turn, dragged European shares to an eight week low. The Pound is steady today as British consumer confidence increased significantly in September according to the GFK survey. Read more
The dollar made ground against the euro, which weakened across-the-board amid month-end related selling, while arriving to the early European PM near net unchanged versus the yen. Sterling carved out moderate gains following an unexpected revision higher in Q2 GDP, to +0.7% from 0.6%, and consumer confidence data for September showing a rebound not pre-Brexit vote levels. Read more
The yen rebounded as the oil price rally faded and stock markets concomitantly ebbed. USD-JPY has given back most of yesterday's gains in ebbing to back under 100.80. AUD-JPY is showing the biggest movement out of the currencies we track, with a 0.4% loss. Read more
The dollar was mixed through the N.Y. session on Thursday, though the greenback's fortunes swapped versus the euro and yen later in the session. EUR-USD firmed up to 1.1250 into the London close, amid mixed U.S. data, and a bevy of Fedspeak. USD-JPY meanwhile retained its bid tone, reacting to risk-on conditions following the sharp OPEC-inspired oil rally. Read more
OVERVIEW OPEC announced a deal to limit oil output to 32.5 million barrels per day. This is the first reduction in eight years. The Japanese Yen has fallen by almost 1% overnight due to improved risk sentiment based on OPEC’s decision. U.S. Read more
The yen was the biggest mover in the wake of the unexpected Opec agreement to cut production, which has sent Brent over 6% higher over the last day. Both USD-JPY and EUR-JPY were showing 0.8% gains as of the early European PM session. USD-JPY logged an eight-day peak at 101.75, since settling around 101.50. Read more
The yen dove following Opec's decision to curtail crude oil output, while the Canadian dollar and other commodity currencies saw bouts of buying. USD-JPY rallied as the yen weakened as stock markets rose in Asia-Pacific on the unexpected Opec news, which is the first coordinated action to underpin oil prices since 2008. Read more
FX trade was very quiet in N.Y. on Wednesday, leaving major dollar pairings inside of recent ranges. Wall Street was mostly flat on the day, while yields eased marginally. On the data front, the durables report was better than expected though had little lasting impact. Read more
