Collinson FX: May 14: Markets eased overnight, following the surge in confidence

The dollar begins a new day looking to end its upward trend of the past days, with which it managed to reach the support of the $940. The United States currency in Chile rose almost $10 this Monday, in line with the advance of the currency in the world by the trade truce between China and the US, and now cuts much of that advance.The day for the markets today was marked by the inflationary data of the superpower.The CPI of the United States rose…

Collinson FX: May 14: Markets eased overnight, following the surge in confidence

Markets eased overnight, following the surge in confidence earlier in the week. The focus then turned to US CPI inflation data, released overnight, which was benign. This was a further boost to market sentiment.

A boost to risk sentiment weighs on the dollar - Monex Europe

USD Despite further positive developments when it comes to US-RoW trade on the back of President Trump’s visit to the Middle East, the dollar traded under pressure on Tuesday, giving back much of the gains that it made to start the week. Looking at the DXY index, it dropped from 101.80 to trade sub-101 overnight. Of course, the major release from Tuesday was US CPI for April, and this missed expectations to the downside. As we noted shortly afte…

Rali of the American bags seen last night after the bilateral agreement, which helped alleviate the tensions about an accentuated desceleration of the economy, shows a loss of momentum on this Wednesday.