Tag Archive: #USD

FX Daily, June 22: Greenback Goes Nowhere Quickly, While Yen Remains Bid

The summer doldrums begin early. The US dollar is little changed against most of the major currencies. Bond yields are mostly one-two basis points lower, and equity markets are mixed but with a downside bias. Oil prices slump more than 2% on Tuesday...

FX Daily, June 21: Heavy Oil Weighs on Yields and Lifts Yen

The US dollar is narrowly mixed against the major currencies. The drop in oil prices (3.3% this week) is seen as one of the factors that may be underpinning the appetite for fixed income, and this, in turn, is lifting the yen. The greenback had...

FX Daily, June 19: Dollar Mixed while Equities Recover to Start Eventful Week

The US dollar is mixed against the major currencies, and while it is firmer against the euro and yen, it is within last week's ranges. The success of Macron's new party in France, and the majority is secured, was well anticipated by investors and is...

FX Weekly Preview: Events Not Data Key in Week Ahead

Light economic data calendar, but look for downtick in eurozone flash PMI. Soft Canadian retail sales (volume) and softer CPI (base effect) could take some of the sting from the recent BoC official comments. MSCI decision on China, Argentina, Saudi...

FX Daily, June 16: Dollar Slips In Consolidation, but Extends Recovery Against the Yen

As the market heads into the weekend, the US dollar is trading softer as it consolidates. It is within yesterday's ranges against the major currencies but the Japanese yen. The dollar has made a dramatic recovery against the yen. It traded near...

FX Daily, June 15: Dollar Trades Higher in Wake of the FOMC

The US dollar gains scored yesterday in response to what appeared to be a more hawkish FOMC than expected have been extended today. The euro and the Swiss franc have recorded new lows for the month.

FX Daily, June 14: FOMC and upcoming SNB

The Euro has risen by 0.37% to 1.0901 CHF. This is a typical movement ahead of the SNB meeting tomorrow. This movement is probably unrelated to the Fed rate hike, given that the USD/JPY has fallen. It makes sense to go long CHF against JPY, if...

FX Daily, June 13: Dollar Softens Ahead of Start of FOMC Meeting

The US dollar is trading with a heavier bias against all the major currencies save the Japanese yen. The Scandis and Canadian dollar are leading the move. Sweden reported a 0.1% rise in the headline and underlying inflation while the median expected a...

FX Weekly Preview: Politics and Economics in the Week Ahead

FOMC, BoE, and BOJ meet next week; only the Fed is expected to change policy. High frequency data may be less important than the central bank meetings and politics in the week ahead. UK political situation is far from resolved, and US drama continues,...

FX Daily, June 09: Sterling Shocked, Dollar Broadly Firmer

What looked like a savvy move in late April has turned into a nightmare. Collectively, voters have denied the governing Conservative party a parliamentary majority. The uncertainty today does not lie yesterday with the known unknown, but with the...

FX Daily, June 07: Markets Mark Time Ahead of Tomorrow

Tomorrow may be the most important day of the quarter for investors. The ECB meets. The UK goes to the polls. Former FBI Comey testifies. Ahead of these significant events, the global capital markets are mostly quiet, with some pockets of activity.

Euro Shrugs off European Banking Woes

Spain's Banco Popular is scrambling ahead of its meeting with the ECB tomorrow; shares are around 50% in three sessions. Italy has two banks that may see the same deal Monte Paschi negotiated with the EU. Portugal banks are still putting loan loss...

FX Weekly Preview: ECB Meeting and UK Election Key Drivers in Week Ahead

ECB may take a baby step toward the exit of extraordinary monetary policy by confirming rates are unlikely to be cut further and the risks are roughly balanced. UK election is coming down to the wire. In the US, former FBI director Comey is set to...

Drop in the US Unemployment Rate Not Sufficient to Mask Disappointing Report

Poor jobs growth won't challenge June hike expectations but September and balance sheet. Little positive in today's report. Drop in unemployment explained by drop in participation rate. Trade deficit was larger than expected, which may point to slower...

FX Daily, June 02: Dollar Marks Time Ahead of US Jobs Report

The foreign exchange market is becalmed, leaving the US dollar narrowly mixed. The euro has been confined to less than a 20-pip range through the Asian session and most of the European morning. The news stream is light. The US withdrawal from the...

FX Daily, June 01: Greenback Steadies at Lower Levels, Sterling Struggles

The US dollar is mostly firmer against the major currencies. It is consolidating yesterday's losses more than staging much of a recovery. Even sterling, where a YouGov poll has the Tory lead at three percentage points, down from seven previously, is...

FX Daily, May 31: Sterling Takes it On the Chin

Projections showing that the UK Tories could lose their outright majority in Parliament in next week's election spurred sterling sales, which snapped a two-day advance.  Polls at the end of last week showed a sharp narrowing of the contest, and this...

What Happened Monday

No impact from the latest North Korean missile test. Polls suggest Tories still ahead for the June 8 election. Prospects of an Italian election this year weighed on Italian stocks and bonds.

FX Daily, May 30: Mixed Dollar as Market Awaits Preliminary EMU CPI and US Jobs

With the backdrop of US interest rates unable to get much traction, despite the strong probability of another Fed rate hike in a couple of weeks, the third since last November election, the US dollar mixed today. The chief story today, though, is not...
Page 112345...10...Last »