Aussie Tumbles after Job Data, Dollar Extending Rally
Dollar stays generally firm in Asian session, following the post CPI rally overnight. Yen is some what helped by the selloff in stock markets despite rebound in US yields, and remains firm except versus the greenback. On the other hand,...
Dollar Rises as US CPI Jumped Sharply Again
Dollar rises sharply in early US session after much stronger than expected consumer inflation data, which hit multi-decade high. For now, New Zealand Dollar is the worst performer today, followed by Sterling and then Euro. Yen is retreating against the...
Yen Staying in Driving Seat With Falling Yields and Mild Risk-Off Sentiment
Falling global yields and mild risk off sentiment continue to boost Japanese Yen. On the other hand, Australian Dollar is leading other commodity currencies lower. But the forex markets are mixed elsewhere for now. Dollar and European majors are stuck...
Euro Shrugs Improve German Sentiment, Yen Stays Firm
Yen stays general firm after earlier rally today, and Dollar is following. Euro shrugs off better than expected German economic sentiment data. Sterling and Swiss Franc are mixed. Australian and New Zealand Dollar are currently the weakest. Gold is firm...
Yen Resumes Rally, Gold Eyeing Key Resistance
Yen’s rally resumes today while overall market sentiments are mixed. Asian stocks are treading water but US benchmark yield takes another dive. Swiss Franc is following as the second strongest for now. On the other hand, commodity currencies are trading...
Euro Supported by Improving Investor Confidence; USD, JPY and CHF Mildly Lower
Dollar, Yen and Swiss Franc turned slightly weaker in quiet markets today. Euro is supported by better than expected investor sentiment data, while Sterling also recovers. New Zealand Dollar is also trading higher but Australian and Canadian Dollar are lagging...
Yen Retreating in Quite Markets, But More Upside Still Likely
The financial markets are rather quiet today. Commodity currencies are paring back some of last week’s losses while Yen is retreating. But there is no change in the overall outlook, with the decline in Yen crosses more likely to continue...
Yen and Franc Followed Bonds Higher, Ignored Record Running Stocks
The developments last week were a bit confounding, as both stocks and bonds rallied notably. Yen and Swiss Franc followed the path of falling yields and rose as the biggest winner of the week. Dollar was not much helped by...
Dollar Surges after NFP, Breaking Out Against Euro
Dollar rises in early US session after better than expected employment data. It’s now attempting a breakout against Euro. Canadian Dollar is also firmer after job data. On the other hand, Sterling remains one of the weakest for the week,...
Yen and Franc Strong on Falling Global Yields, Dollar Looks into NFP
Yen and Swiss Franc are currently the strongest ones for the week and remain generally firm. Falling global benchmark treasury yields seem to be supporting both “safe-haven” currencies. Germany 10-year bund yield is back below -0.22, UK 10-year gilt yield...