The US dollar recovered from strong overnight declines, as a return to risk appetite and a jump in domestic bond yields lent the greenback support through the New York afternoon.
The US dollar tumbled for yet another trading day, as bearish Non-Farm Payrolls data sent the greenback significantly lower against major trading counterparts.
The US dollar continued on overall bearish momentum, as disappointing Factory Orders data allowed greenback bears to push the currency lower ahead of tomorrow’s critical Non-Farm Payrolls report.
The Japanese yen continued to rally higher against its higher yielding counterparts, as continued tumbles in the Dow Jones Industrial Average led to pronounced carry trade liquidation.
The British pound set fresh multi-decade highs against the downtrodden greenback, with overall momentum and reported technical difficulties allowing the GBPUSD through 2.0600 on the day’s trade.
The US Dollar remained at multi-decade lows against major counterparts, as a relatively quiet calendar forced little volatility across greenback pairs.
The US Dollar receded to fresh multi-decade lows against the euro, as renewed worries over the domestic subprime lending sector dogged the greenback through New York trade.
The US Dollar continued near multi-decade lows on a trade-weighted basis, with the morning’s Producer Price Index and Treasury Inflow Capital reports doing little to boost the currency.
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