USD The US dollar was in a weaker spot yesterday even as it put up a fight against the comdolls. Data from the US economy came in mixed, with JOLTS job openings showing a gain and the NFIP small business index declining. Fed head Yellen's speech might be a strong catalyst for directional plays today…

USD The US dollar regained ground to the higher-yielders, except for the euro, franc, and yen. Risk aversion allowed the safe-haven currency to get back on its feet even though there were no major reports released. JOLTS job openings and wholesale inventories data are due today. EUR The euro advanced to the dollar and comdolls…

USD The US dollar gave up more ground to its peers when US data came in mostly weaker than expected. Headline durable goods orders fell 4.4% while core durable goods orders dropped 1.2%. Pending home sales rose 0.1% only instead of showing the projected 1.0% gain. Advanced GDP data is due today and a 0.8%…

USD The US dollar had a volatile time during the FOMC statement, as the currency initially rallied but instantly gave back its gains. According to the Fed, they are monitoring the global financial and economic developments closely, removing the reference on balanced risks to their outlook. FOMC officials also reiterated that they would continue to…

USD The US dollar gave up ground when risk appetite picked up during the latter trading sessions once more, as oil prices made a strong rebound. Data from the US economy came in mixed, with the CB consumer confidence improving and beating expectations. However, the flash services PMI and Richmond manufacturing index showed declines. For…

USD The US dollar regained ground in recent sessions when risk-off flows dominated price action. There have been no reports out of the US yesterday but the slump in oil prices was enough to send traders scurrying back to the safe-havens. The US flash services PMI, CB consumer confidence index, and Richmond manufacturing index are…

USD The US dollar gave up more of its recent gains on Friday, although it regained ground to the euro, yen, and franc. Data from the US economy was stronger than expected, as the flash manufacturing PMI rose from 51.2 to 52.7 versus the projected 51.5 figure. Existing home sales also rose from 4.76M to…

USD The US dollar was forced to return its wins before the end of the trading session when risk appetite picked up. Data from the US was mixed, as the Philly Fed index improved from -5.9 to -3.5 while initial jobless claims showed a larger than expected rise of 293K versus the projected 279K figure.…

At the post-decision press conference, ECB President Draghi surprised participants with dovish remarks. Draghi very specifically noted that the committee would review and possibly reconsider monetary policy at the next meeting in March, when the latest round of ECB staff forecasts will be published. He repeated several times that the ECB has not only been…

USD The US dollar had a pretty volatile day, as it benefitted from risk aversion in the earlier trading sessions but gave up most of its gains later on. Data from the US was mostly weaker than expected, with both headline and core CPI missing forecasts. For today, only the natural gas storage and crude…

USD The US dollar was off to a weak start when risk-taking took place but soon regained the top spot when the market mood turned sour. There have been no major reports out of the US then, as the IMF's decision to lower global growth forecasts was one of the biggest reasons for the return…

USD  The US dollar had a pretty quiet trading day since there were no major reports released and traders were off on a holiday. For today, there are still no major reports lined up, which suggests that the US currency could take its cue from market sentiment and US equities. EUR The euro was stuck…

USD US economic data came in mixed last Friday, although the numbers were mostly weaker than expected. Headline retail sales fell by 0.1% as expected while core retail sales dropped by 0.1%. The headline PPI showed a 0.2% dip in producer prices while the core figure posted a 0.1% uptick. The Empire State manufacturing index…

USD The US dollar had a generally stronger performance throughout the day, especially after US equities kicked off the session with a strong start. Data from the US economy came in mixed, as import prices showed a smaller than expected 1.2% drop while initial jobless claims were higher than expected. FOMC member Bullard reiterated that…

USD The US dollar had a mixed performance, as it resumed its rally against the commodity currencies but gave up ground to the euro and franc. Fed official Evans reiterated that tightening should proceed at a gradual pace while the Beige Book noted that the inflation outlook is still grim. For today, initial jobless claims…

USD The US dollar had a mixed performance lately, as the lack of top-tier catalysts left it functioning as a counter currency instead of driving any directional moves. According to FOMC member Fischer, the US central bank stands ready to make adjustments if any issues arise during the normalization process. For today, the US Beige…

USD The US dollar returned some of its recent wins to the commodity currencies but regained ground to the euro and the Japanese yen. Data from the US economy was actually stronger than expected, as the labor market conditions index ticked higher, but Fed official Lockhart's remarks downplayed the odds of a March Fed rate…