CFTC Commitments of Traders: EUR long position trimmed. GBP longs is the largest since April 2018

CFTC Commitments of Traders: EUR long position trimmed. GBP longs is the largest since April 2018 Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT Weekly forex futures positioning data for the CFTC for the week ending Tuesday, March 2, 2021 EUR long 126K vs 138K long last week. Longs […]

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Dollar Is Increasingly Overvalued as Deficit Widens, IIF Says

© Reuters. Dollar Is Increasingly Overvalued as Deficit Widens, IIF Says (Bloomberg) — The dollar has become increasingly overvalued thanks to a swelling U.S. current-account deficit, according to the Institute of International Finance. China’s yuan is the mirror image, becoming increasingly undervalued, the IIF found in a periodic assessment of exchange-rate misalignments. “The biggest surprise […]

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Dollar Rises on Higher Yields; Sterling Gets Budget Boost

© Reuters. By Peter Nurse Investing.com – The dollar traded higher in early European trading Thursday, helped by rising U.S. Treasury yields, while traders look to a speech by Federal Reserve Chairman Jerome Powell later for guidance. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six […]

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US MBA mortgage applications w.e. 26 February +0.5% vs -11.4% prior

Latest data from the Mortgage Bankers Association for the week ending 26 February 2021 Market index 794.5 vs 790.6 prior Purchase index 269.7 vs 264.9 prior Refinancing index 3,850.4 vs 3,848.1 prior 30-year mortgage rate 3.23% vs 3.08% After the heavy decline in mortgage activity in the two weeks prior, things are slightly better last […]

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Canadian dollar adds to Monday’s rally as economy grows

© Reuters. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto TORONTO (Reuters) – The Canadian dollar edged higher against its U.S. counterpart on Tuesday, adding to the previous day’s rally as oil prices rose and domestic data showed faster-than-expected economic growth. Canada’s economy […]

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Crisis-hit Lebanese pound falls to new low of 10,000 to the dollar

© Reuters. Lebanese pound banknotes are seen at a currency exchange shop in Beirut BEIRUT (Reuters) – Lebanon’s pound tumbled on Tuesday towards 10,000 to the dollar, a record low for a currency battered by a financial meltdown that has fuelled poverty and unrest. The collapse, on a scale Lebanon has never seen, has slashed […]

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Dollar Edges Lower as Bond Yields Stabilize

© Reuters. By Peter Nurse Investing.com – The dollar weakened in early European trading Monday, with riskier currencies back in vogue as U.S. Treasury yields stabilized after last week’s hefty selloff in global bond markets.  At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, […]

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