The powerful yen short squeeze that has roiled the capital market this week has stalled today. It is the first day this week that the dollar has not fallen below the previous day’s low and...
The consolidative phase for the dollar, we anticipated last week, after its recent drop, is evolving into a proper upside correction. We expect the dollar to trade broadly firmer over the next week or so....
The dollar is narrowly mixed against the G10 and emerging market currencies today. The euro is little changed, holding on to last week’s gains, after the surprising French election results, where the focus shifts finding...
The dollar is little changed against the major currencies ahead of the US jobs report. It has been trading heavier than we expected given that two more G10 central banks cut interest rates ahead of...
The US dollar is mixed, but the spotlight is on the Japanese yen. It appears that with the market challenging Monday’s intervention, Japanese officials entered the market shortly after the US equity market closed yesterday,...
The market put more weight on the rise in the US ISM manufacturing survey than the downward revision to the manufacturing PMI and the unexpected back-to-back decline in construction spending. US rates shot up and...
The US dollar is surging today against most of the G10 currencies, and although the intraday momentum is stretched ahead of start of the North American session, there may be little incentive to resist before...
We have put emphasis on today’s US retail sales report. A recovery from the weather-induced weakness in January should underscore the resilience of US demand after another 200k jobs were created and personal income jumped...
After a strong showing yesterday, the dollar was sold in Asia and Europe. China announced a cut in reserve requirements and took more informal action to support the stock market, which encouraged risk-taking. Yet, the...
Ahead of Taiwan’s election, economic concerns are driving voters to the polls more than tensions with China. With a downturn in industrial production and an aging population, Taiwan needs a new economic model. Taiwan’s economy,...
The US dollar is mixed today. The dollar-bloc currencies are firmer, while the euro and yen are softer. We had anticipated a recovery of the dollar on ideas that the market has too aggressively pushed...
Broadly speaking, the dollar’s recent pullback was extended today but the momentum appears to be slowing, perhaps ahead of tomorrow’s US CPI report. The Dollar Index slipped to its lowest level since September 25 before...
