The dollar is soft across the board as it has been giving back some of its gains of late. That said, even a 1% jump in cable is still unheard of with prices hovering above 1.0800 on the day. Elsewhere, the dollar spot in USD/JPY was down 0.3%, but still around 144.30 and close to … Read more
Yesterday’s Market Pack After the FED decided to raise interest rates by 75 bps on Wednesday evening, the USD was in a strong recession as the currency fluctuated. We saw that market sentiment continued yesterday, believing that there would be no such big walk in the near future. New Zealand’s Q1 GDP surprised the market … Read more
Thursday, June 2 Here is what you need to know: Rising U.S. bond yields continued to hit the greenback on Wednesday, and the US Dollar Index (DXY) recorded the biggest one-day gain in a month. DXY remains below consolidation levels below 102.50 as it converts to ADP Private Sector Employment Report and US Department of … Read more