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The Dollar index pulled back from near one-month highs in N.Y. on Friday, dipping just under 97.00, after peaking at 97.37 early in the session. Pre-weekend profit taking was a driver, coming as the U.S. and China extended trade talks through next week in Washington. Read more
OVERVIEW The US dollar moves higher on positive trade talks between Beijing and Washington The British pound remains under pressure, trading in negative territory this week as the UK House of Commons continues to find the right BREXIT formula. NYMEX WTI Crude returns to a 12-week high, up 1.95% on the day. HIGHLIGHT The Sterling continues to be under pressure for the third consecutive week. Read more
The Dollar majors have been trading without clear direction. Yen firmness was a theme during the Tokyo session, before the currency ebbed back as risk appetite in stock markets improved. USD-JPY printed a four-day low at 110.25 before recouping to the 110.50 area. Read more
The Dollar has traded mixed, while a side theme of net Yen outperformance has been seen. EUR-USD has been plying a narrow range in the upper 1.1200s. The Pound steadied after tumbling late yesterday after UK Prime Minister was humiliated again, losing a symbolic, but not legally binding, Brexit vote in parliament. Read more
The dollar sold off sharply following the worst U.S. retail sales report since 2009. PPI data was mixed, while jobless claims were higher than expected. This resulted in equity futures and Treasury yields move sharply lower. Later, reports that the U.S. Read more
OVERVIEW British PM Theresa May goes back to try and build support for Brexit deal Brexit Secretary Stephen Barclay taking heat for refusing to rule out a no-deal Brexit USD drops as stock markets and retail numbers disappoint HIGHLIGHT British PM Theresa May returns to parliament amidst heavy debate over the Brexit agreement on the table. Read more
The Dollar posted a fresh highs against the Euro, Yen and Pound, among other currencies, but lost ground to the Australian and New Zealand Dollars, which were buoyed up by much less worse than feared trade data out of China and ongoing hopes for a compromise on the U.S.-China trade talk front. Read more
The Yen has continued to soften, while the Australian and New Zealand Dollars have continued to outperform. USD-JPY rose for a fourth consecutive day, this time printing a fresh seven-week high at 111.13. AUD-JPY, which is seen as both a proxy for China risks and a general forex market barometer of global investor risk appetite, rallied over 0.6%, posting a nine-day high at 79.19. Read more
The Dollar rallied in N.Y. on Wednesday, getting an early boost from a tame CPI outcome, though stronger average hourly earnings. Stocks and yields firmed up, as hope that Trump will sign the agreed to spending bill by the Friday deadline percolated higher. Read more
