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OVERVIEW The US dollar bounces back after yesterday’s freefall and waits for the FOMC's meeting minutes Investors are also hoping for a real breakthrough in Brexit talks as the UK PM meets with EC President Read more
The Dollar has put in a mixed performance, eking out a three-session high versus the Yen while posting losses against the Yuan and other Asian currencies -- a five-year low in the case of the Thai Baht -- and the Euro. EUR-USD posted a two-week high at 1.1358. Read more
The Dollar has traded mostly firmer against the other main currencies, though lost ground to the Yuan and other Asian currencies after a Bloomberg report yesterday suggested that the U.S. is set on securing a pledge from China that it will not devalue its currency as part of a trade deal. Read more
The Dollar index fell to nearly two-week lows in N.Y. on Tuesday, bottoming at 96.43, a d down from pre-open highs of 97.09. A dovish spin from Fed's Mester, softer Treasury yields, and a fairly steady risk backdrop weighed down the Greenback. Aside from upbeat housing data, the economic calendar was empty, giving markets little guidance. Read more
OVERVIEW GBP is climbing towards $1.30 today after UK labour market data showed earnings growth numbers which are the strongest they've been since 2008. Big week for central bank announcements this week with Fed minutes out tomorrow, Bank of Canada Governor Stephen Poloz to give a speech Thursday, RBA Governor Philip Lowe speaks in Australian Thursday, and ECB President Mario Draghi will step up to the podium Friday. Read more
The dollar majors have continued to trade relatively steadily. USD-JPY edged out a high at 110.81, which is the loftiest level seen since Friday, while EUR-USD has been narrowly orbiting 1.1300, consolidating after rebounding from Friday's three-month at 1.1234. Read more
USD-JPY edged out a fresh high, at 110.71, which is the loftiest level seen since Friday, in what has been directionally-limited trading in forex and global equity markets so far today. The MSCI Asia-Pacific (ex-Japan) stock index is fractionally lower, although near the four-month highs seen last Wednesday. Read more
AUD-JPY has been the biggest mover in a day of directionally challenged markets, with North American markets absent and participants waiting on progress from the U.S.-China trade talks, which will resume for an extended second week in Washington after terminating in Beijing last week with "progress" but without resolution. Read more
A Dollar softening theme emerged during the London AM session, which saw EUR-USD and Cable post respective two-session highs at 1.1330 and 1.2938, and USD-JPY ebbed back come after printing a high at 110.61. Stock markets were near net unchanged in Europe, and S&P 500 futures were showing fractional losses, following a bullish session in Asia, which was pinned on hopes that the U.S. Read more
