The US dollar experienced a decline to new session lows against multiple currency pairs late in the North American afternoon yesterday; however, there has been minimal continuation of this trend today. The dollar shows strength against the majority of G10 currencies today amid low trading volumes. The key points feature an unanticipated dovish stance maintained Read More
The dollar maintained its position on Wednesday as geopolitical uncertainties kept markets cautious, with investors looking ahead to the Federal Reserve’s minutes for indications regarding potential future rate cuts. The yen remained stable following data that indicated a recovery in Japanese manufacturer sentiment, alongside President Donald Trump’s announcement regarding the initial phase of significant investments Read More
The US dollar exhibits a varied performance against the G10 currencies. The positive response to Japan’s five-year bond auction contributed to the ongoing rally in JGBs. Even with the lower yields, the yen’s approximately 0.25% increase positions it as the leading performer among G10 currencies today. In anticipation of a hawkish hold by the Reserve Read More
The dollar maintained its strength on Tuesday as markets anticipated signals, expected later this week, regarding the possible timing of rate cuts by the Federal Reserve. The yen reduced its losses from the previous day as disappointing Japanese economic data heightened expectations for increased government stimulus measures. The Australian dollar dipped following the publication of Read More
In a quiet foreign exchange market, the dollar demonstrates a stronger position against the majority of G10 currencies, reflecting a generally consolidative sentiment. The US markets are not operating today in observance of President’s Day, and Chinese markets will remain closed for the entire week in celebration of the Lunar New Year. Disappointing Japanese data, Read More
The US dollar remains strong against the G10 currencies as we approach the release of the US January CPI. The week commenced with reports indicating that Chinese officials were advocating for a reduction in exposure to US Treasuries. Supported by better-than-anticipated employment figures for January, the dollar reduced its declines. In a surprising turn of Read More
The prevailing sentiment in the foreign exchange market reflects a phase of consolidation following the release of January jobs data, which exceeded expectations and introduced volatility into dollar trading. The flow of news is minimal, and tomorrow the United States will release its Consumer Price Index for January. Japan’s markets resumed operations following yesterday’s holiday, Read More
The dollar faced challenges on Wednesday, especially in relation to the Japanese yen and Australian dollar, as traders expressed concerns over potentially disappointing U.S. payrolls data. Nonfarm payrolls are expected to have risen by 70,000 last month, following a 50,000 increase in December, according to a survey of economists. A significant deviation from these projections, Read More
The US dollar is experiencing a decline against all the G10 currencies. The ongoing short squeeze is driving the yen higher, despite Japan being on holiday today. The yen and Japanese bonds have shown resilience, rallying following the LDP’s decisive electoral win. The interplay of a stronger yen alongside declining yields may resemble a typical Read More
Following the significant declines observed yesterday, the US dollar is predominantly stabilizing with a stronger inclination against the G10 currencies. The yen stands as an exception. The unforeseen post-election increases have persisted into the local session and the European morning. The extended rally at the long end of the Japanese yield curve continues to defy Read More
