In markets with reduced activity due to the holiday, the dollar is generally weaker as anticipation builds for North American leadership. Given the recent increase in the yen, and contrary to our prior expectations, it seems that Japanese officials took significant action yesterday. The intervention could have been approximately $34.5 billion (~JPY5.4 trillion), which, if Read More
Robust economic indicators from the United States, coupled with a hawkish stance maintained by the Federal Reserve, contributed to the depreciation of the euro. It was sold through last week’s low (approximately $1.1670). The euro experienced a decline to $1.1655 during the Asia Pacific session today, subsequently rebounding to nearly $1.17. Options amounting to nearly Read More
The euro is currently fluctuating within a narrow band, slightly exceeding a quarter-of-a-cent below $1.1720 today. In early North American trading yesterday, the euro encountered support just above the pre-weekend low, which coincided with the 200-day moving average, slightly below $1.1680. It experienced a slight recovery, settling just above $1.1715 as European markets concluded their Read More
The recent developments in discussions between the US and Iran initially suggested a cautious market sentiment, yet a fresh proposal from Iran seems to have rekindled optimism for a potential resolution. The US dollar is experiencing a decline, while equities in the Asia Pacific and Europe have shown an upward trend, and bond yields are Read More
The US Dollar maintains a strong position near 98.65 as the European trading session approaches, supported by ongoing geopolitical tensions between the US and Iran. The upcoming preliminary reading of the S&P Global US Purchasing Managers Index is set to capture attention later on Thursday. Markets expect a modest stabilization in business activity after a Read More
The dollar and yen faced downward pressure as investors prepared to acquire riskier currencies, anticipating a potential U.S.-Iran agreement to resume Gulf shipping. Meanwhile, a persistent inflation reading contributed to an increase in the New Zealand dollar. The impending expiration of the ceasefire this week casts uncertainty over the Iran peace talks, as Tehran has Read More
The U.S. dollar strengthened to its peak in a week against major currencies on Monday, before retracting some of its gains as escalating U.S.-Iran tensions and diminishing expectations for a Middle East peace agreement prompted investors to seek safe havens. The United States announced on Sunday the seizure of an Iranian cargo ship that attempted Read More
The Dollar Index failed to break its losing streak yesterday, extending it for the eighth consecutive session, thereby matching the longest decline since April 2011. The current trend could conclude today if the dollar maintains its upward momentum. In light of the stronger than anticipated GDP figures from the UK and China, alongside a robust Read More
The U.S. dollar was on track for a second straight weekly decline on Friday amid cautious trading, as a ceasefire between Israel and Lebanon, along with the potential for renewed discussions with Iran, led investors to reduce their safe-haven holdings. A 10-day ceasefire between Lebanon and Israel commenced on Thursday, with President Donald Trump indicating Read More
The Dollar Index failed to break its losing streak yesterday, extending it for the eighth consecutive session, thereby matching the longest decline since April 2011. The current trend could conclude today if the dollar maintains its upward momentum. In light of the stronger than anticipated GDP figures from the UK and China, along with a Read More
