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The dollar faded lower in N.Y. on Thursday, dented by a softer Philly Fed index. The DXY has topped at 11-month highs of 95.53 ahead of the open, and the weaker data appeared to have prompted some long-dollar position squaring. EUR-USD opened at 1.1540, later rallying to 1.1633 highs. Read more
OVERVIEW Sterling rebounds following MPC vote and renewed expectations of a rate hike. USD weakens after a sharp drop in Philly Fed Index. Euro recovered from weakest level since July 2017. HIGHLIGHT The Pound stabilizes against the USD as expectations of a rate hike this year from BOE come back into play. Read more
The dollar has traded firmer, with, for instance, USD-JPY edging out a four-session high of 110.75, Cable making a fresh seven-month low of 1.3141, AUD-USD a 13-month low at 0.7329, and USD-CAD posting a new one-year high of 1.3325. EUR-USD has been among the exceptions in so far remaining within its range from yesterday, near the 1.1550 level and above the three-week low seen on Tuesday at 1.1531. Read more
For the last five years that I have been posting on XE, one of my main focuses has been on "long leading indicators," that is, economic data which usually turns a year or more before the economy as a whole turns. Perhaps the single one of those I have most often discussed is housing. Housing is somewhat unique among the long leading indicators. Read more
The DXY eased back slightly in N.Y. on Wednesday, as markets overall steadied as trade war fears subsided to a degree. The dollar did find some support from comments from Fed chair Powell, who said the case for gradual rate increases us "strong". EUR-USD topped at 1.1600 early, before touching 1.1566 lows. Read more
OVERVIEW Euro stable on Draghi comments. Sterling hits 7-month low ahead of parliament Brexit vote. Loonie hits the lowest rate in almost a year against the US Dollar on trade concerns. HIGHLIGHT The Pound remains under pressure as the House of Commons will be asked this evening to vote to pass Theresa May's Brexit blueprint. Read more
The dollar has traded firmer, for the most part, though directional commitment has been limited. USD-JPY lifted moderately amid steadying in stock markets in Europe and Asia, and rebound gains in U.S. equity index futures. The pair printed a high of 110.25, putting a little distance in from yesterday's 10-day low at 109.55. Read more
A pause in risk-off sentiment has seen stock markets recovery some lost ground in Asia and the yen weaken as markets unwound some of the Japanese currency's safe haven premium. Dollar bloc currencies have rebounded, with AUD-JPY, a cross that often correlates inversely with pronounced directional swings in global stock markets, has rallied by 0.5%. Read more
The dollar succumbed to a minor round of profit taking after the N.Y. open, taking the DXY from 11-month highs of 95.30, to 95.00 lows. Focus was on trade wars, and following the newest threat to slap more tariffs still on China, Wall Street and yields headed lower. Read more
