|Day's Range||6.763 - 6.821|
|52 Week Range||5.4495 - 7.2668|
The U.S. dollar posted gains in early European trade Thursday, as investors digested the latest downbeat comments from the Federal Reserve, while Asian data offered no real recovery clues. At 2:45 AM ET (0645 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.403, up 0.3%, EUR/USD dropped 0.1% to 1.0962, while USD/JPY rose 0.2% to 107.76. Earlier Thursday, a trade report from South Korea, a bellwether for global commerce, showed exports may be set to drop more than 20% in May for a second month.
Traders are turning far and wide for more current data on the economy than what the government provides, as they assess how deep the recession is and the degree and speed to which it will recover. Scheduling software company Homebase has been providing data on employment and hours worked on a daily basis during the crisis, which is a particularly useful real-time economic indicator because its customers are in the restaurant, food and beverage, retail and services businesses, where the job losses have centered. The bad news is that employment on May 5 was down 51% from pre-shutdown levels, but the good news is that employment on the worst day, April 12, was down 74%, according to the Homebase figures.
All this said, the lira isn't even close to being the worst performing emerging market currency this year - with the South African rand and the Brazilian real taking those 'plaudits'. The dollar has risen 34% against the rand and 30% against the real since Jan. 1.
Investing.com - The U.S. dollar is largely unchanged in European trade early Thursday, as a degree of calm prevails following the signing of the Sino-U.S. trade deal.
Investing.com -The Turkish lira jumped on Wednesday after U.S. President Donald Trump said he was lifting sanctions against Turkey “unless something happens that I'm not happy with.”
Investing.com - The U.S. dollar was lower against other currencies on Friday, while the euro was buoyed by hope that a Brexit deal will help mitigate risks of a recession in the bloc.
Investing.com – Turkish assets rose Thursday after Turkish President Recep Tayyip Erdogan agreed to a five-day ceasefire in Syria following a meeting with U.S. Vice President Mike Pence and Secretary of State Mike Pompeo.
Investing.com - The U.S. dollar was lower on Wednesday as retail sales fell for the first time in seven months in September, increasing chances of the Federal Reserve cutting interest rates later this month.
Investing.com -- Earnings season kicks into gear with JPMorgan, Goldman Sachs, Citi and Wells Fargo all reporting before the bell. Meanwhile, Asian and European markets get a boost from some more positive sounds out of Beijing and Brussels, while Turkey's financial markets shrug off "obliteration" from President Trump's sanctions. Here's what you need to know in financial markets on Tuesday, 15th October.
Investing.com – The lira and Turkish assets tumbled Friday after U.S. Treasury Secretary Mnuchin said U.S. President Donald Trump had authorized the Treasury Department to draw “very significant” new sanctions on Turkey
Investing.com -- Risk sentiment returned to the foreign exchange markets early Friday in Europe, with the Swiss franc and yen retreating against the dollar, and the dollar retreating against the pound as a week of turbulent newsflow drew to a comparatively quiet close.
Investing.com -- The dollar was slightly lower in early morning trading in Europe, but holding on to most of the gains it posted after Friday’s stronger-than-expected U.S. employment report forced a rethink on the Federal Reserve’s future interest rate path.
Investing.com -- The dollar continued its decline in early trading in Europe Tuesday, with the yen and euro strengthening as traders anticipate the erosion of the interest rate premium on dollar assets.