Altaf Noonari

The Dollar slipped some in early trade, seeing the DXY bottom at 91.51 from overnight highs of 91.90. The USD later bounced some, after most major currencies hit one-week lows versus the Greenback. Incoming data saw mixed Markit PMIs, and a weaker new home sales outcome, the latter of which, took th

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, tho

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