The Dollar rallied broadly in N.Y. on Monday, taking the DXY to two-plus month highs of 92.44, up from overnight lows of 92.00. USD short-covering appeared to be the main driver through the session, which was prompted by the better ADP jobs report, and the advent of month and quarter-end. The higher than forecast private payrolls print likely raised expectations for Friday’s BLS employment report. Other incoming data on Wednesday saw pending home sales spike higher, and the Chicago PMI come in near expectations. We expect FX activity to slow into Friday’s key jobs data. Thursday’s U.S.

The dollar majors have been trading with little directional impulse. EUR-USD has settled in a narrow range near 1.1900, holding just above yesterday’s nine-day low at 1.1878, and USD-JPY has been plying a sideways range near the 110.50 level, above Tuesday’s eight-day low at 110.48. Cable has remained heavy, though so far holding yesterday’s nine-day nadir at 1.3815.

The dollar majors have been trading with little directional impulse. EUR-USD has settled in a narrow range near 1.1900, above yesterday’s nine-day low at 1.1878, and USD-JPY has been plying a sideways range near the 110.50 level, above Tuesday’s eight-day low at 110.48. Cable has remained heavy, though above yesterday’s nine-day nadir at 1.3815.

The Dollar firmed up some in early N.Y. trade on Tuesday, holding a small safe-haven bid, likely the result of concerns over the growth in the delta variety of Covid globally. The DXY printed seven-session highs of 92.19, though later eased back to 91.19 into the London close. Incoming data was strong, seeing a big jump in consumer confidence, and a record y/y rise in house prices. Wall Street and Treasury yields were little changed on the day, likely as investors head to the sidelines ahead of Friday’s key June jobs report.

The dollar has been trading with a firming bias, overall, posting fresh highs versus many currencies. The spate of cautious trading in world stock markets, due to concerns about the highly transmissible Delta variant’s spread in Asia and elsewhere, has revived some safe haven demand for the U.S. currency. Data out of Asia have been adding to the wary sentiment. Out of Japan today, while retail sales rose, the jobless rate hit a five-month high as a consequence of virus restrictions. This followed weekend data showing profits at Chinese industrial companies falling in May.

The dollar has been trading with a firming bias, overall, posting fresh highs versus some currencies, such as the pound and Australian dollar, although so far remaining off highs seen yesterday against other currencies, such as the euro. The spate of cautious trading in world stock markets, due to concerns about the highly transmissible Delta variant’s spread in Asia and elsewhere, has revived some safe haven demand for the U.S. currency. Data out of Asia have been adding to the wary sentiment.

The dollar moved modestly higher early in the session on Monday, later giving back much of its gains, as Treasury yields fell fairly sharply. The DXY moved from London lows of 91.71, topping at 92.01 in morning trade, before pulling back to 91.82. Incoming data was light, with only the Dallas Fed index on tap. It fell slightly, but remains at lofty levels, and had no impact on the FX market. Wall Street was mixed, though the NASDAQ was the outperformer, rising to fresh record highs, and up as much as 0.7% intra day on lower Treasury yields.

The major currencies have been seeing narrow ranges for the most part so far in early week trading, with the pound being something of an exception in posting moderate gains. Cable rose above Friday’s high in making 1.3940, up from Friday’s closing levels near 1.3875. The UK currency also lifted above its Friday highs versus the euro.

The dollar majors have been seeing narrow ranges for the most part so far in early week trading, with the pound being something of an exception in posting moderate gains. Cable rose above Friday’s high in making 1.3940, up from Friday’s closing levels near 1.3875. The UK currency also lifted above its Friday highs versus the euro.

The dollar is softer in overall narrow ranges. EUR-USD has ticked back into the mid 1.1900s, and USD-JPY has drifted off yesterday’s 15-month high at 111.12. The pound has settled after rotating lower on the back of the BoE’s cautious messaging yesterday following its June policy review. Cable has edged back to levels around 1.3900, above yesterday’s three-day low at 1.3889, while the pound fractionally extended yesterday’s low versus the euro. AUD-USD edged out a two-day high at 0.7599 while the U.S. dollar retraced some of the gain seen yesterday versus the Canadian dollar.