Afternoon US Dollar Wrap-Up
Traders are still a bit surprised at the recent strength in USD but are also suggesting that a top is coming very soon as studies are running into overbought conditions and underlying fundamentals may not justify such a lofty USD at this point.
Morning Forex Briefing
USD/JPY is sharply higher mostly on the back of aggressive non-USD cross spreading for Yen overnight and into European trade.
Afternoon US Dollar Wrap-Up
USD/JPY continued to grind higher on US investment buys, hedge funds and even a few trust accounts…
Morning Forex Briefing
The Greenback is marginally higher this morning after a solid overnight session on the buy side, some economic reports and technical considerations driving the USD higher into resistance again.
Afternoon US Dollar Wrap-Up
The USD continued to consolidate inside established ranges for the most part today, making a slight attempt for new highs against the JPY…
Morning Forex Briefing
Back from the Japanese holiday, traders in Tokyo saw aggressive trade in the Yen crosses overnight; perhaps in “catch-up” trade from their extended holiday sessions.
Afternoon US Dollar Wrap-Up
As expected, the USD remained inside established ranges for most of the trading day today after a quiet start overnight.
Morning Forex Briefing
The USD is decidedly mixed to start New York this morning, lower against Asian currencies and mixed to higher against the Europeans.
Morning Forex Briefing
The USD is mixed to firmer today after a quieter Asian start. Remaining in tight ranges overnight the USD continued to attract buyers but offers continued to be found on every advance.
Morning Forex Briefing
The USD is firmer in technical trade this morning after a very subdued start to the year yesterday; thin conditions from the holidays and President Fords day of mourning left the Greenback lifeless until Asian trading got underway Wednesday.
Morning Forex Briefing
2007 begins with the USD under selling pressure this morning after a lighter overnight session with residual holiday thin conditions continuing to affect trade.
Morning Forex Briefing
The USD continues to consolidate inside tighter ranges as the combination of holiday trade and thin conditions continue to keep traders wary of taking positions.