Tag Archives: USD

USD Mid-day Analysis

The Dollar has some macro-economic differential head winds this morning in the face of a positive 2ndquarter UK GDP release.

FX majors mostly tread water with EUR steady at 1.336 and USDJPY marginally higher to 102.5.

We are surprised that the Dollar is weaker this morning in the face of slack inflation and economic datafrom the Euro zone.

USDJPY nudged up to 102.59, but the AUDUSD and EURUSD are flat at 0.9297 and 1.3361,

Talk of disappointing growth in China, a lower UK inflation outlook, slack growth in Europe,

The yen couldn’t sustain early gains after a smaller-than-expected decline in Q2 GDP and is now flat on the day at 102.29 to the dollar.

The NZD/USD tested 0.8400 yesterday, but has sincerebounded to 0.8440, down 0.2% for the day.

A sharp range up extension in the Dollar overnight hints at the prospect of an upside breakout.

The USD strengthened against the G10 in Asia. The NZDUSD was the main developed currency mover,

The Dollar has regained some footing off news of softer Chinese commodity imports in July and

G10 FX rates drifted sideways, with EURUSD at 1.340, AUDUSD testing its Friday highs at 0.9282, and

Leveraged funds saw the biggest weekly increase in net long USD positioning since February 2013.