The Yen extended its strength through the Asian session this morning and was higher against most of the majors on a combination of weaker macroeconomic data and selloffs in the equity sector. Starting with the release of the durable goods orders (-1.0% act v 1.0% exp/-0.8% prev) and continuing through

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Dovish RBNZ Hikes Rates

The dollar traded on weaker footing against the majors, slipping by nearly 0.6% versus the British pound to just shy of the 1.53-level and slipping by around 0.3% against the euro to 1.2776. The US equity indexes were largely flat on the session, with the Dow Jones and S&P 500

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FOMC Downgrades Outlook

Range bound trading inhibited the USD from making big moves against most of the majors as uncertainty put the traders on the sidelines awaiting an ice-breaking announcement or rumor. FOMC statement a day before, although unchanged, caused some restlessness in the equity markets and sent them lower.

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Markets Down On Fed Concerns