Dollar Broadly Firm after Record PPI, But Lacks Momentum Against Yen
Dollar is trading broadly higher today, with help by upside breakout against Yen. The greenback on remains firm after record PPI reading. Sterling is currently the second strongest, followed by Euro. On the other hand, New Zealand Dollar is trading...
NZD Down Despite RBNZ Hike, CAD Awaits BoC
The forex markets trade in tight range in Asian session today. New Zealand Dollar got little support from the RBNZ 50bps rate hike. It’s actually trading as the weakest one for the day at the time of writing. As for...
Dollar and Yield Dip after CPI, Stocks Rebound
Dollar drops in early US session together with treasury yields after consumer inflation data. While headline CPI came in higher than expected, core CPI’s pick up missed expectations. Commodity currencies are trading generally higher as US futures point to a...
Dollar Turned Mixed as CPI Awaited, Yen Weakness Continues
Dollar turned a bit mixed in Asian session as markets await consumer inflation data from the US today. The greenback is losing some momentum against Yen as it’s pressing a long term resistance level at 125.85. Meanwhile, it ticks down...
Yen Selling Steps Up a Gear on Rising Treasury Yields
Yen’s selloff intensifies today, following extended rally in major benchmark treasury yields. US 10-year yields breaks 2.75% handle for the first time since March2 019. Germany 10-year bund yield also breaches 0.8% handle. On the other hand, Japan 10-year JGB...
Yen Lower as a Busy Week Starts, RBNZ, BoC, ECB, UK GDP, US CPI Featured
Yen is trading broadly lower in Asian session today. But commodity currencies are also soft on mild risk-off sentiment. On the other hand, Euro and Dollar are the stronger ones, while Sterling and Swiss Franc follow. UK data will be...
Dollar Ended Broadly Higher as 10-Yr Yield Hit 2.7
Dollar was initially mixed last week but buyers jumped in after FOMC minutes revealed the quantitative tightening plan. US benchmark treasury yields also surged to highest level since 2019. Both Canadian and Australian Dollars followed as second and third strongest....
Dollar Strong on Rising Yields, Canadian Dollar Rises Slightly after Job Data
Canadian Dollar rises slightly after solid job data, but Dollar is also firm. The greenback is on track to end as the strongest one for the week, with help from extended rally in treasury yields. On the other hand, Sterling...
Euro Soft in Quiet Market, CAD Awaits Job Data
Overall, the markets are rather steady so far in the last trading day of the week. Major Asian indexes are treading water. That followed a late rebound in US markets overnight. Euro weakens mildly and remains the worst performer for...
Yield Curve Inversion, Stocks Rallied, Euro Rebounded
There were a couple of developments of last week to note. Firstly, US yield curve inverted for the first time since 2019. There is no reason to panic for the moment, but deeper inversion could set the tone in the...