Month: March 2020

The dollar has traded firmer for a second day, rebounding from recent underperformance, which had been a reflection of the Fed’s aggressive actions to satiate demand for dollars. More broadly, global markets have settled in what are comparatively narrowly ranges by recent standards. The commodity currencies have traded softer, suggesting there is little buy-in to… Read more »

The dollar has traded firmer for a second day, rebounding from recent underperformance, which was a reflection of the Fed’s aggressive actions to satiate demand for dollars. More broadly, global markets have settled in what are comparatively narrowly ranges by recent standards. The pound is showing a near 1% decline against the dollar, and is… Read more »

The Dollar index bounced modestly in N.Y. on Monday, after getting hammered lower last week. The DXY rallied from opening lows of 98.92 to 99.31 highs. The USD touched its worst levels of the day following the Dallas Fed index, which plunged to -70.0 from 1.2, on the back of coronavirus and cratering oil prices…. Read more »

The dollar has traded steady-to-firmer against the other main currencies so far today. Influenced by a 0.5% decline in EUR-USD, the narrow trade-weighted USD index (DXY) lifted to a 98.98 high, over 60 pips up on Friday’s closing level and setting the index up for its first daily gain since last Monday. The yen has… Read more »

The dollar has traded steady-to-firmer against the other main currencies so far today. Influenced by a 0.5% decline in EUR-USD, the narrow trade-weighted USD index (DXY) lifted to a 98.92 high, over 50 pips up on Friday’s closing level and setting the index up for its first daily gain since last Monday. The yen has… Read more »

The Dollar index fell to near two-week lows in N.Y. on Friday, sliding from 99.80 to 98.51. The USD lost ground to all major currencies, as unwinding of safe-haven Dollar flows continued to reverse the gains seen in thew prior two-weeks. It was risk-off through the session, as COVID-19 cases in the U.S. surpassed China…. Read more »

The dollar declined and then recovered some of its losses, which saw the narrow trade-weighted USD index (DXY) print a nine-day low at 99.15 before recouping levels back above 99.50 . At the lows, the index was showing a correction of 3.2% from the 38-month high that was seen last week, which can be credited… Read more »

The dollar declined and then recovered some of its losses, which saw the narrow trade-weighted USD index (DXY) print a nine-day low at 99.15 before recouping levels back above 99.40 . At the lows, the index was showing a correction of 3.2% from the 38-month high that was seen last week, which can be credited… Read more »

The Dollar was lower across the board in N.Y. trade on Thursday. The unwinding of huge flows seen into the USD over the past couple of weeks related to virus related safe-haven buying has been driven by huge Fed stimulus, and the passing of the Congressional virus aid package. Barring new COVID-19 developments, we look… Read more »

Dollar weakness emerged as the dominant theme in currency markets, even against the commodity currencies amid a risk-off backdrop, while managed to rebound from weakness seen during the early part of Asia-Pacific session trading today. AUD-USD, for instance, printed a two-day low at 0.5780 in Sydney before recouping a big figure to a 0.5881 high…. Read more »

..and, back to a risk-averse trading pattern in currencies after a couple of days of reprieve, with the yen back to outperformance and commodity and developing-world currencies to underperformance. The dollar has firmed up against the latter two groups, but has lost ground to the yen and even the euro thanks to the Fed’s spigot… Read more »

The DXY firmed in N.Y. morning trade on Wednesday, peaking at 101.87, before easing back to 101.24. The index has posted three consecutive sessions of lower daily highs, which have likely come following stimulus measures including Dollar swap lines from the Fed to G7 countries, which have reduced the demand for USD in the FX… Read more »

The commodity and many developing world currencies pared gains against the dollar, yen and Swiss franc. The pound also continued to outperform for a second day. Asian stock markets rallied after the DJIA equity index posted its biggest single-day rally on Wall Street since 1933, though European markets gave up early gains, while S&P 500… Read more »

The commodity and many developing world currencies have continued to rebound, while the dollar, yen and Swiss franc have traded generally softer. This comes with Asian stock markets rallying after the DJIA equity index posted its biggest single-day rally on Wall Street since 1933. The U.S. Senate and White reached agreement on a $2 tln… Read more »

The Dollar pulled back overnight, leaving the DXY at 101.07 into the N.Y. open on Tuesday. From there, USD demand returned, taking the index back over 102.10. Hopes for a Senate coronavirus stimulus package buoyed Wall Street, with major indices up near 10% intra day. New home sales were better than expected, though the results… Read more »

Currencies have been moving in a risk-on formation, with the dollar, yen and Swiss franc weakening against most other currencies, with the commodity and many developing-world currencies outperforming. This came with S&P 500 futures rallying strongly, by over 5% to more than reverse the 2.9% closing loss the cash version of the index saw yesterday… Read more »

Currencies moved in a risk-on formation, with the dollar, yen and Swiss franc weakening against most other currencies, with the commodity and many developing-world currencies outperforming. This came with S&P 500 futures rallying strongly, more than reversing the 2.9% closing loss the cash version of the index saw yesterday on Wall Street. Asian stock markets,… Read more »