Dollar Rises on Strong NFP, Yen Selling Persists
Dollar jumps broadly in early US session after stronger than expected headline non-farm payroll numbers. For now, the greenback is still behind Canadian and Australian Dollar in the weekly race, however. On the other hand, Yen’s selloff is extending again,...
Dollar Dips Mildly after Poor ADP Job Data
Dollar weakens mildly further after worse than expected ADP job data. But selloff is limited as traders are probably cautious ahead of tomorrow’s non-farm payrolls. But overall, Yen remains the worst performing one for the week. Sterling and Euro are...
Yen Accelerating Down, Aussie Rising With Loonie
Australian Dollar is leading commodity currencies higher again, on the back of positive market sentiment. The Aussie is additionally support by better than expected GDP data, which affirms the case for more RBA rate hike. Canadian Dollar is also firm,...
Euro Dips Despite Record Inflation, Dollar Recovering
Euro is trading broadly lower today even though inflation high another record high. The common currency and European indexes are somewhat weighed down by EU’s decision to ban two-thirds of Russian oil imports immediately. Dollar is rebounding following some risk...
Risk-on Sentiment Back, Dollar Decline Continues
Markets are generally in risk-on mode in Asian session today, with rallies in major indexes, oil prices and cryptos. Dollar is extending recent correction and would likely continue further. Yen and Swiss Franc are the next weakest. On the other...
Dollar Extended Correction as Stocks Rebound Finally Started
Dollar’s correction continued last week and ended as the worst performer. Late rebound in stocks and extended correction in treasury yields are both weighing on the greenback. Yen followed as the second weakest, mainly on risk-on sentiment. On the other...
Dollar and Yen Recovering Slightly in Indecisive Markets
The moves in the financial markets are so far rather indecisive. While US stocks rebounded overnight, Asian indexes turned softer. Dollar and Yen are recovering slightly after yesterday’s selloff. Commodity currencies are retreating. European majors are mixed. While Euro and...
Swiss Franc Won the Week, But Aussie Could Jump on Turnaround Sentiment
It was another roller-coaster week. Swiss Franc ended as the strongest one after SNB Chairman Thomas Jordan surprisingly said it’s ready to act if inflation solidified. But it should reminded that he reiterated the readiness on intervention too. Euro was...
Swiss Franc Staying as Winner, Yen Catching Up
Risk aversion is once again a clear main theme of the day, with European indexes in deep red while US futures point to extended selloff. Safe-haven flows are also pushing benchmark global yields lower, with Germany 10-year yield back at...
Swiss Franc Jumps on Risk Aversion, Dollar and Yen Lag Behind
Markets are back in risk-off mode as down dropped more than -1100 pts overnight. Dollar and Yen tried to rebound but there was no follow through buying. Indeed, both remain the worst performing ones for the week. Instead, safe-haven flow...