Tag Archives: USD
The Global Macro Pulse
USDJPY fell to a low of 101.66 on the day, but has since stabilized at 101.84. EUR has climbed higher, to 1.372. AUDNZD inched lower, to 1.081, as AUD fell slightly,
USD Mid-day Analysis
Seeing the Dollar tracking slightly lower this morning in the wake of easing hints from the ECB,highlights a currency that is slipping back out of favor.
The Global Macro Pulse
EUR edged higher to 1.3717 after briefly trading below 1.37 at the NY close. USDJPY reversed yesterday’s gain, falling steadily to 102.15.
Daily FX Wrap and Strategy
The NZD/USD was shunted around with the rest of themajors as markets responded to the US retail sales report. But overall, the currency is little changed,just 0.2% higher at 0.8630.
April Retail Sales Affected by Revisions to March
Retail sales increased 0.1 percent in April after March’s increase was upwardly revised to 1.5 percent.Revisions to March’s numbers were across the board. April’s control group retail sales were down 0.1 percent.
Import Prices Temper in April as Food and Energy Pull Back
Import prices unexpectedly fell in April, declining o.4 percent. The drop came as food and energy prices pulled back, but prices for core imported goods recorded mild increases. On balance, import prices remain tame.
USD Mid-day Analysis
While the Dollar forged a significant upward extension on the charts overnight, the market wasn’t ableto hold all of those gains.
The Global Macro Pulse
The Indian rupee was the main mover in Asia trading. USDINR gapped 0.8% lower to 59.60, its lowest level since July 2013, as exit polls projected a strong victory for the BJP-led coalition.
USD Mid-day Analysis
A slight retrenchment in the Dollar is being seen to start as the Dollar was probably a bit overdone intothe overnight highs. One might have expected
The Global Macro Pulse
The USD was broadly stable against major crosses. EUR was unchanged at 1.376 and AUD held in at 0.936. USDJPY rose slightly to 102.05 following a weaker-than-expected Japanese current account release but
FX: not there yet
Draghi did it. A strong correction in the EURUSD is not a change in trend, but the trend support is near…
The Week Ahead in FX
In the week ahead, investors will be looking ahead to the BoE’s quarterly inflation report for further indications of the expected course of monetary policy.