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updated Fri. March 23, 2018

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Yesterday's FOMC rate decision was fairly interesting as the bank hiked rates while warning that more tightening was on the way; and yet the US Dollar put in another move of weakness to break back-below the 90.00 level on DXY. While the Dollar caught a bid for the first five minutes after the release of ...
KUALA LUMPUR: The ringgit ended lower against the US dollar today, tracking the performance of most Asian currencies on heightened worries over a US trade war with China, dealers said. At 6pm, the local note was quoted at 3.9150/9200 against the US dollar compared with Thursday's 3.9120/9150.

The rupee depreciated by 8 paise to 65.19 against the US dollar in early trade today on sharp losses in global equity markets after US President Donald Trump imposed $60 billion of tariffs on Chinese imports. Trump yesterday directed the US trade representative to level tariffs on about $60 billion worth ...
KUALA LUMPUR: The ringgit was slightly higher against the US dollar in the morning session on sustained demand for the local unit, said a dealer. ... given the massive wave of risk aversion gripping the market, and is expected to gravitate towards the higher end of the current range against the US dollar.
The printing of US dollars to cover annual shortfalls between government revenues and expenses fueled the national debt level, which was further exacerbated by consumers borrowing and spending. Openness to trade increased consumption of imports that directly substituted American-made ...
The yen hit a 16-month high against the United States dollar on March 23, while the Turkish Lira skidded to a record low as rising global trade tensions triggered a bout of investor jitters. The yen rose amid talk of position unwinding by Japanese retail investors, who had held long positions in ...

The Turkish lira touched new lows against the U.S. dollar and the euro Friday as rising global trade tensions triggered a bout of investor jitters. The lira slid to a record low of 4.0375 per U.S. dollar at one point. After paring some of its losses, the Turkish currency last stood at 3.965 per dollar, still ...
A weaker U.S. dollar index again today is supporting the precious metals markets. April Comex gold futures were last up $8.30 an ounce at $1,329.70. May Comex silver was last up $0.086 at $16.505 an ounce. World stock markets were mostly lower overnight. U.S. stock indexes are pointed toward ...
In detail, the former means, for example, if the RMB is pegged to the basket of currencies consisting of 1 unit of the U.S. dollar and 6 units of Japanese yen, then because of changes in the U.S. dollar/Japanese yen exchange rate, which is out of China's controls, China has to change the U.S. dollar/Chinese ...
NEW YORK, March 9 (Xinhua) -- The U.S. dollar index decreased against most other major currencies in late trading on Friday, even though the ... In February, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to 26.75 U.S. dollars, following a 7-cent gain in January.
Although the data increased the likelihood of interest rate rises, slower wage gains pointed to only a gradual increase in inflation. The US dollar index was down slightly against a basket of currencies, making dollar-priced gold less expensive for purchasers with other currencies. "Gold is (also) seeing some ...
[NEW YORK] The US dollar was firm against a basket of currencies on Friday as US job growth recorded its best month in over 1-1/2 years in February while wage gains slowed more than expected, supporting the view the Federal Reserve would not quicken its pace on raising interest rates. The yen fell ...
Last month, average hourly earnings unexpectedly grew at an impressive 2.9 percent on-year, the fastest in almost a decade. That stoked fears of faster tightening than markets had accounted for, sinking risky assets and pushing the US Dollar upward. Survey data hints at more of the same this time around.
The headline print of +313k crushed the expectation of +205k; but disappointing Average Hourly Earnings has helped to temper any bullish drive in the US Dollar. This highlights the importance of inflation data to near-term USD price action, while the longer-term theme of weakness, driven in-part by fiscal ...
The US Dollar Index closed the previous week with minor gains, but the index suffered after the announcement about tariffs last week. Historically, US tariffs on imports have been negative for the US dollar. If the current proposal becomes a law, the US dollar could have a similar fate. The chance of a faster ...

The Euro-to-US Dollar rate is rising in an uptrend which is expected to extend in the coming week. Despite the fact a major obstacle sits at 1.2451 in the form of the 200-month moving average (MA), (see monthly chart below), which is preventing further upside, and despite the pair looking overbought, we ...
Analysts at Westpac explained that the US dollar recovered some lost ground Friday, with Japanese officials sounding extra concern over yen appreciation. US housing and consumer sentiment data printed on the strong side but treasury yields slipped as 13 Russians were indicted for election interference.
Overseas investors sold USD 119.3 billion of US assets, including short-dated instruments in December of 2017. The dollar is now in a macro bear market and trending down due to the "twin deficits" phenomena in the medium term. Monthly TIC movements show when one can sell the rallies. Over the very ...
The US Dollar crumbled anew last week, suffering deep losses against all of its major counterparts. What started as a corrective pullback following the prior week's forceful rebound turned into rout after January's CPI data crossed the wires.
After a 12% drop at the beginning of February, Crude Oil Bulls are left with a dilemma. The fundamental bullish argument has not changed. However, the price shock that saw the price drop from ~$8/bbl has left more questions than answer.
Since the end of the Bretton Woods system back in the early 1970s, the U.S. dollar has also moved in trends and cycles. Due to data availability, the chart below shows the trade weighted index of the greenback against the currencies of America's major trading partners from 1973 until January 2018, with ...
Crude oil prices inched higher on Friday morning, finding some traction after remaining largely flat on Thursday, as the US dollar fell to a three-low low overnight. Global benchmark Brent slipped 3 cents to settle at $64.33 a barrel on Thursday, while US West Texas Intermediate (WTI) crude gained 74 cents, ...
Currency markets drifted sideways in Asia Pacific trade. RBA Governor Philip Lowe testified in Parliament, but his remarks went seemingly unnoticed by markets busy digesting earlier volatility. Mr Lowe said that the next move in interest rates is likely to be up but added that he doesn't see a strong case for ...
The US Dollar has rebounded during the European trading session, placing it at session highs on Friday ahead of the US cash equity market open. But for the rebound, the DXY Index was on track for its lowest close of 2018, and its lowest closing level since December 2014. Both the Euro and the ...
The broader picture is a turnaround of the US Dollar after it reached new lows. Today, the USDJPY plunged below 106 in the early Asian session after the BOJ Governor's comments, which includes several references about “exit strategy” and subsequently USDJPY made Asian session low of 105.53, the ...
It was a big week for the US Dollar. As we opened trading on Monday morning, the Greenback was holding on to last week's gains, finding a bit of support above the 90.00 level on DXY. Given that this strength was showing after what's been an impressive year of losses made that observation all the more ...
Tehran, Iran - Iran has introduced new monetary measures to halt the devaluation of the country's currency, a move seen as a setback to President Hassan Rouhani's efforts to bring investment and create more jobs following a 2015 nuclear deal. The rial has been on a downward spiral, falling to an all-time ...
The US Dollar saw a quick-spike on the back of yesterday's US CPI report, but that strength was short-lived as sellers came back with aggression to push the Dollar back down towards three-year lows. The total movement from yesterday's high to this morning's low constitutes a -1.7% move in the Greenback ...
Tax cuts and increased spending plans will see the budget shortfall explode to more than US$1 trillion this year, while the added fiscal stimulus is likely to suck in more imports. Whatever the cause, the drop in the US dollar was a boon to prices for Australia's commodity exports with everything from gold to ...
What is going on and what does it mean for key US Dollar-based exchange rates? The past 24 hours have seen much head-scratching and burnt trading positions as the markets continue to play to their own tune by deploying a counter-intuitive reaction to strong US inflation data. The reversal and deep fall ...
The US dollar initially surged against the pound following the release of the latest US CPI figures on Wednesday as they revealed that the inflation rate remained unexpectedly robust, holding at 2.1 per cent in January. Traders were quick to latch onto the data as it meant that inflation remained within the ...
The US dollar jumped suddenly after yesterday's release of better than expected inflation data and then suddenly reversed into negative territory which left investor's scratching their heads as to why the later happened. Consumer Price Index figures on a monthly basis hit the market at 0.5 percent which was ...
The US dollar initially rallied as the US inflation report came out above expectations. Core CPI beat projections by rising by 1.8% y/y against 1.7% that was expected. Other inflation data came also came out above estimates. The specter of a faster pace of rate rises sent the US dollar higher against most ...
The rupee (INR) gained 20 paise against the US dollar (USD) today to hit a two-week high of 63.89. The rupee moved between 63.98 per dollar and 63.89 per dollar at the interbank forex market. On Wednesday, the rupee had gained by 23 paise to close at 64.09 against the US dollar on sustained selling ...
The U.S. dollar briefly jumped higher as January consumer price inflation rose 0.5% and beat expectations of a 0.4% increase, but pared its gains as the session went on. The core figure also did better than expected, climbing to 0.3% versus 0.2%. On the year, however, CPI was unchanged at 2.1%.
Despite stronger-than-expected inflation data and rising Treasury yields, the greenback took a nose-dive on Wednesday. Blamed it on a mixed bag of data. As the January consumer price index rose 0.5%, topping the average forecast for a rise of 0.4%, a separate report showed U.S. retail sales dropped ...
Bearish price action re-emerged in the US Dollar ahead of tomorrow's US Inflation figures. But that weakness appears to be unevenly distributed amongst major currency pairs, making for a series of interesting setups to be worked with for the remainder of this week. Talking Points: - If you're looking to ...
US Stocks, Treasury Yields and Market Volatility have all displayed sensitivity towards US inflation figures of recent, and this print will be widely-watched for clues towards what the Fed might do in the rest of 2018. - US Dollar strength from last has dissipated and bears have pushed prices back-below the ...
KINGSTON, Jamaica — The US dollar on Thursday, February 8, ended trading at J$126.28 up by 39 cents according to the Bank of Jamaica's daily foreign exchange trading summary. Meanwhile, the Canadian dollar ended trading at J$98.84 down from J$99.49 while the British pound sterling ended ...
"It suggests that China sees advantages in a weak US dollar - reverse of renminbi strength - as the weak US dollar helps keep the global economy via credit supported." China - with its history of intervening in currency markets - has shown a remarkable appetite for a stronger yuan so far. While the nation ...
Gold prices fell as the US Dollar marched higher alongside Treasury bond yields following supportive comments from Federal Reserve officials. That undermined the appeal of non-interest-bearing and anti-fiat assets epitomized by the yellow metal. New York Fed President Bill Dudley said the recent ...
THE pound to US dollar exchange rate is holding steady this morning as markets await the conclusion of the Bank of England's (BoE) first policy meeting of the ... The pound is currently at around $1.386 against the US dollar, which is largely unchanged from its opening levels but down over half a cent from ...
NEW YORK, Feb. 8 (Xinhua) -- The U.S. dollar declined against most major currencies in late trading on Thursday, as the rally earlier this week lost momentum. Investors had been selling riskier assets for the safer greenback amid stock market turmoil. On the economic front, in the week ending Feb.
After a day and a half reprieve, equity weakness began to show again in global markets, and we may not have yet heard the end of the development of that theme. Meanwhile, the Bank of England posed a hawkish twist that can keep currency traders busy in the weeks ahead, with attention being drawn to ...
This is because foreign borrowers struggle to repay US dollar loans, and begin dumping other assets in exchange for US dollars. Similar to other world reserve currencies, the dollar thus exhibits the characteristics of a safe haven asset. Forward-looking indicators, such as manufacturing PMIs, also point to ...
The US Dollar ended a seven-week losing streak – the longest in over 13 years – to post an advance against its major counterparts. A cautiously hawkish FOMC policy announcement helped cool selling pressure but the bulk of the advance came courtesy of a January's impressively strong employment ...
When Treasury Secretary Steven Mnuchin said to his Davos audience, “Obviously a weaker dollar is good for us as it relates to trade and opportunities,” and added that the dollar's short-term value is, “not a concern of ours at all,” he thought that he was just stating a fact that everyone in the audience knew ...
Despite a selloff in the stocks, the U.S. dollar, traditionally a haven in times of turmoil, is hovering near multi-year lows. It could see even more downside this year for two major reasons: Europe and China. The DXY U.S. dollar index ended January with losses of 3 percent, its worst drop in nearly 2 years, and ...


 

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