USD slips as US Yields drift – Scotiabank
The US Dollar (USD) is trading broadly lower on the day. Stocks are trading mixed (mostly lower in Asia, firmer in Europe, with US equity futures mixed) while bonds are broadly higher across the major markets.
Forex Today: Sentiment gauges in Europe and the US economy in the spotlight
The US dollar faced some profit-taking and lost momentum in line with a slight pullback in US yields, as risk sentiment improved mildly.
USD/JPY corrects to near 152.00, more upside likely amid BoJ rate hike uncertainty
The USD/JPY pair falls to near 152.00 in Thursday’s North American session after refreshing a 12-week high near 153.20 on Wednesday.
US Dollar pulls back as buyers take a breather
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, retreated on Thursday, giving up some of the gains accumulated during a solid week marked by a stellar performance.
Pound Sterling Price News and Forecast: GBP rebounds on moderate expansion in flash UK PMI
The Pound Sterling (GBP) bounces back to near 1.2970 against the US Dollar (USD) in European trading hours on Thursday after refreshing a two-month low near 1.2900 on Wednesday.
US Dollar afloat after US PMI are a touch stronger than expected
The US Dollar (USD) is unable to fight back against the profit taking that is taking place this Thursday. Despite upbeat US Purchase Managers (PMI) data, the Greenback is unable to pare back earlier losses. The picture though this Thursday is clearly
Silver Price Forecast: XAG/USD bounces back above $34 on safe-haven bid
Silver price (XAG/USD) rebounds strongly above $34.00 in Thursday’s European session after declining to near $33.40 on Wednesday.
EUR/USD finds cushion as US Dollar corrects, Eurozone PMI contracts again
EUR/USD adds some gains in the North American session on Thursday at the US Dollar’s (USD) expense.
AUD/USD recovers further from over two-month low, climbs above mid-0.6600s on softer USD
The AUD/USD pair builds on its steady intraday ascent through the first half of the European session on Thursday and recovers further from its lowest level since August 16, around the 0.6615-0.6610 region touched the previous day.
USD/CAD Price Forecast: Bulls have the upper hand despite corrective slide, 1.3800 holds the key
The USD/CAD pair attracts some sellers on Thursday and moves away from its highest level since early August, around the 1.3860-1.3865 region touched in reaction to the Bank of Canada's (BoC) oversized rate cut the previous day.
USD/CAD Price Forecast: Rally pauses near 1.3850 for a while
The USD/CAD pair corrects slightly to near 1.3820 in Thursday’s European session after posting a fresh 11-week high above 1.3850 on Wednesday.
EUR/USD recovers further from multi-month low, moves to 1.0800 ahead of flash PMIs
The EUR/USD pair gains some positive traction during the Asian session on Thursday and for now, seems to have snapped a three-day losing streak to its lowest level since early July, around the 1.0760 area touched the previous day.
NZD/USD moves above 0.6000 due to little change in US economic activity
NZD/USD gains ground as the US Dollar (USD) faced downward pressure following the release of the Federal Reserve’s (Fed) Beige Book on Wednesday.
Gold price maintains its bid tone above $2,730 level, bulls seem non-committed
Gold price (XAU/USD) witnessed an intraday turnaround on Wednesday and tumbled around $50 after hitting a fresh record high, around the $2,760 region.
Asian traders struggle after Wall St losses as US yields spike
Asian markets were mixed Thursday following steep losses on Wall Street as a spike in US Treasury yields led investors to scale back their expectations on interest rate cuts. Sentiment has been "weighed down by the move up in yields and push back on Fed rate cut expectations", said National Australia Bank's Rodrigo Catril.
Japanese Yen strengthens to 152.00 against USD, upside potential seems limited
The Japanese Yen (JPY) is seen oscillating in range against its American counterpart during the Asian session on Thursday and consolidating the previous day's slump to the lowest level since July 31.
Asian traders struggle after Wall St losses as US yields spike
Asian markets were mixed Thursday following steep losses on Wall Street as a spike in US Treasury yields led investors to scale back their expectations on interest rate cuts. Sentiment has been "weighed down by the move up in yields and push back on Fed rate cut expectations", said National Australia Bank's Rodrigo Catril.
Australian Dollar receives support from hawkish RBA, US PMI eyed
The Australian Dollar (AUD) edges higher against the US Dollar (USD) after the release of the domestic Purchasing Managers Index (PMI) on Thursday.
Dollar stands tall on bets for slower Fed cuts, potential Trump win
TOKYO :The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace of interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency.The dollar index, which measures the currency against six rivals i
USD/CAD moves away from post-BoC swing high, slides to 1.3825 on softer USD
The USD/CAD pair edges lower during the Asian session on Thursday and moves away from its highest level since August 5, around the 1.3860-1.3865 zone touched the previous day.
GBP/USD skids into new ten-week low ahead of global PMI prints
GBP/USD shed another half of a percent on Wednesday, tipping into a fresh ten-week low and grinding down toward the 1.2900 handle.
Forex Today: Markets’ focus shifts to the release of flash PMIs
Further gains saw the Greenback retest the area of three-month tops, helped by a decent bounce in US yields across the curve, persistent uncertainty around the US election and markets’ view of a more cautious Fed easing.
Canadian Dollar weakens further after outsized BoC rate cut
The Canadian Dollar (CAD) receded on Wednesday, backsliding another 0.2% against the US Dollar after the Bank of Canada (BoC) delivered a widely expected 50 bps rate cut.
Gold drop as US yields rise, markets await Retail Sales data
Gold price plunges from all-time high of $2,758 on Wednesday as US Treasury yields climbed, while the Greenback refreshes a two-month high, according to the US Dollar Index (DXY).
US Dollar adds more ground and shows no mercy
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, rose near a three-month high as traders flocked to the US Dollar on Wednesday.The rally was driven by persistent global economic divergence, a more hawkish Federal Reserve (Fed), and upbeat US growth projections by the International Monetary Fund (IMF).
Silver Price Forecast: XAG/USD corrects below $34.50 as US Yields surge
Silver price (XAG/USD) corrects sharply below $34.50 in Wednesday’s New York session after registering a fresh more than 12-year high slightly below $35.00 on Tuesday.
Stock market today: US stocks drop and bond yields climb as investors temper expectations for rate cuts
US stocks edged lower on Wednesday as investors continued to adjust their outlook for Fed rate cuts.Investors see a 69% chance the Fed will cut rates two
US Dollar resides near three-month high markets hiding for US election uncertainties
The US Dollar (USD)  rallies higher this Wednesday, hitting a fresh three-month high in the US Dollar Index (DXY)  ahead of the US Opening Bell, fueled by uncertainty ahead of the US presidential election and safe-haven inflow after equities extend
US Dollar stretches gains – Scotiabank
The US Dollar (USD) is extending gains this morning, pressuring the EUR below 1.08 and driving USDPY above 152 as US yields rebound from yesterday’s dip, leaving the 10Y yield within a whisker of 4.25%, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
USD/JPY extends uptrend on political uncertainty whilst USD benefits from economic outlook
USD/JPY is rising as pre-election concerns the ruling LDP party could lose weakens the Yen.
last updated on 24 Oct 22:27