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
The U.S. dollar experienced significant losses on Tuesday as it awaited a series of economic data that will influence the trajectory of interest rates, while the yen maintained its gains following Prime Minister Sanae Takaichi’s decisive election victory. Sterling maintained stability during the early hours of the Asian market following a turbulent Monday, as investors Read More
Three significant developments have emerged. Initially, Japan’s Prime Minister Takaichi guided the LDP to a significant victory, achieving a 2/3 “super majority.” This outcome is perceived as a strong mandate, presenting a chance to amend the constitution. Despite the sale of JGBs and the purchase of Japanese equities, following some initial volatility, the yen has Read More
The US dollar is experiencing a reduction in this week’s gains against the majority of G10 currencies today. The Australian dollar has rebounded from a two-week low established earlier today and stands out as the sole G10 currency to appreciate against the greenback this week. The Reserve Bank of Australia increased interest rates earlier this Read More
The U.S. dollar remained close to a two-week high on Friday, set for its best weekly performance since November, as a sell-off in stocks fueled by concerns over AI spending unsettled investors, while the yen strengthened in anticipation of a national election on Sunday. The dollar has appreciated following President Donald Trump’s nomination of Kevin Read More
The US dollar is exhibiting a stronger position today relative to the majority of G10 currencies. The prevailing consolidative/corrective tone persists. The outcomes of the meetings held by the European Central Bank and the Bank of England are currently anticipated. Neither central bank is expected to take action, which enhances the influence of the commentary. Read More
The dollar remained stable at the onset of Asian trading on Thursday, as market participants await interest rate decisions from the European Central Bank and the Bank of England, both anticipated to maintain current rates later in the global trading session. The U.S. dollar index, reflecting the strength of the greenback against a selection of Read More
The dollar is experiencing a generally stronger position today, although it is primarily in a phase of consolidation. The Japanese yen stands out as a significant exception. The greenback attained JPY156.85, marking its highest point since January 23, and appears to have not yet reached its peak. With Sunday’s election approaching, current polls indicate that Read More
