10 Feb 2015
Forex Movers: USD on the offensive; Oil down after three positive days
FXStreet (San Francisco) - The US dollar is trading higher on Tuesday after rumors that the European Commission is working on a solution with Greece. China also reported a weaker than expected inflation in January, opening the door to further monetary easing from the PBoC.
The 10-Y Treasurys rose to 2% and fueled USD while hit the Japanese Yen. Stocks opened to the upside while the oil declined after 3 positive days. The WTI broke below the S1 and currently is pricing at $50.90.
The US dollar index $DXY is advancing 0.20% on the day to the current 94.68. That led the dollar to be the winner of the day and to post the top four movers to the upside: USD/BRL, +1.89% to 2.8190; USD/ZAR, +0.98% to 11.702; USD/RUB, 0.89% to 66.318; and the USD/JPY, 0.53% to 119.27.
To the downside, losers of the day are: EUR/NOK, -0.71% to 8.5575; USD/NOK, -0.67% to 7.5639; and the AUD/USD, -0.54% to 0.7758. The Aussie is trading down as declining oil prices and China weak domestic demand is adding pressure to the AUD as China is the first exportation partner of Australia.
On majors, EUR/USD is 0.08% down at 1.1320 after recovering from 1.1270 traded overnight. The GBP/USD is 0.09% positive at 1.5260 after recovering all losses performed in the European session.
The 10-Y Treasurys rose to 2% and fueled USD while hit the Japanese Yen. Stocks opened to the upside while the oil declined after 3 positive days. The WTI broke below the S1 and currently is pricing at $50.90.
The US dollar index $DXY is advancing 0.20% on the day to the current 94.68. That led the dollar to be the winner of the day and to post the top four movers to the upside: USD/BRL, +1.89% to 2.8190; USD/ZAR, +0.98% to 11.702; USD/RUB, 0.89% to 66.318; and the USD/JPY, 0.53% to 119.27.
To the downside, losers of the day are: EUR/NOK, -0.71% to 8.5575; USD/NOK, -0.67% to 7.5639; and the AUD/USD, -0.54% to 0.7758. The Aussie is trading down as declining oil prices and China weak domestic demand is adding pressure to the AUD as China is the first exportation partner of Australia.
On majors, EUR/USD is 0.08% down at 1.1320 after recovering from 1.1270 traded overnight. The GBP/USD is 0.09% positive at 1.5260 after recovering all losses performed in the European session.