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26/04/2021

The dollar weakened in early European trading Monday, with risk sentiment on the rise as economic data point to a global economic recovery ahead of this week’s Federal Reserve meeting.

At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was 0.1% lower at 90.778, near levels not seen since the end of February.

USD/JPY was 0.1% lower at 107.81, EUR/USD traded up 0.1% at 1.2100, near a two-month high, GBP/USD gained 0.3% to 1.3914, while the risk-sensitive AUD/USD rose 0.3% to 0.7769.

Risk appetite has been boosted of late by strong signs of a global economic improvement, to the detriment of the safe haven dollar, with early April manufacturing activity indicators, released late last week, hitting record highs in the United States and also showing impressive improvement in Europe.

26/04/2021

The dollar was down on Monday morning in Asia as speculation mounts that the U.S. Federal Reserve will shun talk of tapering bond purchases when it hands down its policy decision later in the week.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.13% to 90.718 by 13:29 AM ET (5:29 AM GMT).

The USD/JPY pair edged down 0.16% to 107.73, with the dollar close to its lowest level against the Japanese currency since Mar. 4.

The AUD/USD pair gained 0.37% to 0.7773 and the NZD/USD pair was up 0.34% to 0.7212.

The USD/CNY pair inched down 0.09% to 6.4886 while the GBP/USD pair was up 0.21% to 1.3904.

26/04/2021

TOKYO (Reuters) - The dollar edged lower on Monday amid speculation that U.S. Federal Reserve Chairman Jerome Powell will shun talk of tapering bond purchases at a policy meeting this week.

The euro rose to a near two-month high against the greenback before data later on Monday forecast to show an improvement in German business sentiment, which would bolster hopes for a brighter economic outlook.

Powell is likely to face questions over whether an improving labour market and rising coronavirus vaccinations warrant a withdrawal of monetary easing, but most analysts expect him to say such talk is premature, which would put downward pressure on Treasury yields and the dollar.

20/04/2021

The dollar was down on Tuesday morning in Asia, remaining near a six-week low as the euro climbed on the back of a rallying COVID-19 vaccine rollout.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.14% to 90.927 by 1:23 PM ET (5:23 AM GMT), losing 2.5% from its five-month peak hit in March.

The USD/JPY pair inched up 0.02% to 108.18 after the dollar fell to as low as 107.975 yen, its weakest in more than six weeks.

20/04/2021

TOKYO (Reuters) - The dollar sank to a fresh 6-1/2-week low against major peers on Tuesday as the euro led a rally on the back of a brightening outlook for the region's vaccination programme.

The dollar had already been losing traction as U.S. bond yields retreated from a 14-month peak touched last month, reducing the greenback's yield allure.

The euro rose as high as $1.20715 for the first time since March 3, while the British pound touched a fresh one-month high at $1.40090, building on a 1% jump overnight.

20/04/2021

The dollar fell sharply against its rivals Monday as analysts declared the recovery in the greenback over, but stopped short of ruling out a "second wave" of strength on worries the Federal Reserve could raise rates sooner than expected.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.50% to 91.08.

"The short-term recovery of the dollar is over for now … [but] we cannot rule out the possibility of a 'second wave' of USD recovery," Commerzbank (DE:CBKG) said.

The bank suggested there was a risk the Federal Reserve could tighten monetary policy sooner-than-expected that would justify an "expensive" dollar. "The Fed could once again (as it did in 2015 to 2019) pursue a monetary policy in the medium term that is so qualitatively different from that of the ECB that an "expensive" dollar would be justified.

19/04/2021

The dollar was up on Monday morning in Asia but remained near a one-month low as Treasury yields hovered near their lowest levels in five weeks after the U.S. Federal Reserve reiterated its view that any spike in inflation will be temporary.

Improved risk sentiment amid a rally in global shares to record highs also capped gains for the U.S. currency.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged up 0.11% to 91.648 by 12:30 AM ET (4:30 AM GMT), hovering near the low of 91.484 hit during the previous week in a level not seen since Mar. 18.

The USD/JPY pair edged down 0.11% to 108.66.

The AUD/USD pair was inched up 0.01% to 0.7734, with the Reserve Bank of Australia releasing the minutes from its latest meeting on Tuesday. Meanwhile, the NZD/USD pair inched down 0.01% to 0.7140.

19/04/2021

TOKYO (Reuters) -The dollar was pinned near a one-month low to major peers on Monday, with Treasury yields hovering near the lowest in five weeks, after the U.S. Federal Reserve reiterated its view that any spike in inflation was likely to be temporary.

The safe-haven greenback was also held down by improved risk sentiment amid a rally in global stocks to record highs.

Bitcoin nursed losses from Sunday, when it plunged by as much as 14% to $51,541. It last traded around $57,020.

The dollar index, which tracks the currency against six rivals, was at 91.623, not far from the low of 91.484 marked last week, a level not seen since March 18.

The greenback bought 108.655 yen, near the lowest since March 24.

The euro changed hands at $1.1958, near the highest since March 4.

19/04/2021

"Typically shocks to hash rate do not cause price drops. A hash rate reduction slows transactions, which ironically makes it harder to move coins to exchanges for sale. The recent price drop is well within the bounds of typical volatility, it is noise not signal," said Edan Yago, co-founder at Bitcoin-based decentralised finance protocol Sovryn.

The retreat in Bitcoin also comes after Turkey's central bank banned the use of cryptocurrencies for purchases on Friday.

Edward Moya, senior market analyst at OANDA, said cryptocurrencies had been ripe for a pullback.

15/04/2021

LONDON (Reuters) - The U.S. dollar sank to a four-week low against other major currencies on Thursday as Treasury yields pulled back from last month's surge, with investors increasingly convinced the Federal Reserve will keep interest rates low for some time.

The Russian rouble sank more than 1% to 76.65 per dollar on reports the U.S. will announce sanctions on Russia as soon as Thursday for alleged election interference and malicious cyber activity.

The dollar index, which tracks the it against six other currencies, dipped to its lowest since March 18 at 91.535 in the European session before recovering to be basically flat at 91.590.

15/04/2021

In Eurozone economic news, today saw the release of the latest German Harmonised Index of Consumer Prices figure for March rise by 2%.

However, this failed to provide any notable influence on the EUR/USD exchange rate as investors are still cautious about the outlook for the Eurozone’s economy.

Europe’s Covid-19 vaccine rollout still remains an issue in the bloc, with the latest blow arriving in the form of the Johnson & Johnson vaccine following reports of blood clots.

As a result, this has put a break on some of the EU’s ability to rollout vaccines, meaning that the bloc is now lagging behind other key economies, including the UK.

15/04/2021

MOSCOW (Reuters) - Russia will cut its 2021 state borrowing plan more than expected and will offer only new OFZ treasury bonds from June 14, the date after which U.S. banks will be barred from buying rouble-denominated Russian state debt, the finance ministry said.

The United States imposed a broad array of anti-Russian sanctions, including on purchases of Russian debt, to punish Moscow for alleged interference in U.S. elections, cyber-hacking and other "malign" acts.

Commenting on the U.S. move, which battered the rouble and OFZ bonds, the finance ministry said on Thursday it decided to cut this year's borrowing plan by 875 billion roubles ($11.45 billion) and would be flexible over OFZ bond placement plans.

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