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US dollar pummelled Surge in risk sentiment sends US dollar reeling The US dollar wilted overnight before the onslaught of bullish risk sentiment that swept Wall Street after Friday’s Non-Farm Payrolls and the overnight ISM Non-Manufacturing PMI data. The dollar index fell 0.47% to 92.57, although it has recovered slightly in Asia to 92.68. Notably, despite the robust ISM data and aggressive equity rally, US yields drifted lower, undermining US dollar support. The fall overnight leaves the do...

The US dollar pushes higher again March 9, 2021SharePrint US dollar gains on US yields, inflation fears The dollar index pushed higher again overnight, rising 0.37% to 92.31. Rising US yields, structurally short positioning and a myopic fixation on growth-driven inflation continue to lift the greenback, notably versus G-7 and commodity currencies. Nowhere is that more apparent then EUR/USD, where the single currency has fallen to a 4-month low at 1.1800. With the ECB expected to be dovish this ...