AUD/USD pares gains on the day as dollar firms further in European morning trade

The dollar is gaining further as Treasury yields keep higher 10-year Treasury yields are nearly 10 bps higher currently, up to 1.74%, and that is continuing to push bids into the dollar in European morning trade. In turn, that has seen AUD/USD erase its earlier advance in a fall from 0.7840 to 0.7800. So, let’s […]

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Dollar pares losses as reflation trade sends yields higher

© Reuters. A U.S. Dollar banknote By Julien Ponthus LONDON (Reuters) – The U.S. dollar pared losses in early European trading after hitting multi-year lows against sterling and the Australian and New Zealand currencies as vaccine progress, expectations for faster economic growth and inflation sent bond yields higher. Yields on 10-year U.S. and German government […]

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Dollar pares gains, equities trim losses ahead of North American trading

The greenback falls to fresh lows on the day now It is shaping up to be groundhog day in the market as the dollar falls against most major currencies as it pares its earlier advance in the European morning. This comes as European indices are also trimming earlier losses with the DAX now seen down […]

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Pound Pares Some Gains as Johnson Warns of No-Deal Unless EU Changes Tack

© Reuters. By Yasin Ebrahim Forex – The pound pared some gains Thursday after U.K. Prime Minister Boris Johnson said it was likely a deal wouldn’t be reached unless the European Union eased its stance over key sticking issues including fishing quotas. was up 0.51% to $ 1.3576 though had been as high as $ […]

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Pound Pares Some Gains as Analysts Warn of Low Rate Hurdle

© Reuters. By Yasin Ebrahim Investing.com – The pound gave up some gains against the dollar after hitting a 10-week high as analysts suggest the low U.K. rates will keep a lid on sterling’s path higher even as Brexit deal looks likely. rose 0.2%  to $ 1.3312 after hitting a high of $ 1.3398 intraday. […]

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Dollar pares slight losses as the session gets underway

The greenback trades higher as European traders enter the fray The dollar has erased its earlier slight losses from Asia Pacific trading, and is now trading to a session high against the likes of the euro and pound in particular. EUR/USD is down to a low of 1.1801 and sellers defended the 100-hour moving average […]

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USD/JPY pares losses on the session but sellers still in near-term control

USD/JPY moves off earlier lows of 104.20 to 104.72 For bank trade ideas, check out eFX Plus The slight nudge higher comes as the dollar is also seen holding its ground a little on the session, with EUR/USD backing off 1.1900 to 1.1850 levels currently. For USD/JPY, there is the jawboning by Japanese policymakers to […]

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Cable pares early losses, buyers look to wrestle back some near-term control

GBP/USD bounces off earlier lows near the 1.2400 level For bank trade ideas, check out eFX Plus The pair was testing support near 1.2400 at the start of the session with stocks opening lower but amid the risk recovery in the past hour, the pair has bounced back to session highs of 1.2464 as dollar […]

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