The dollar held its ground on Friday as the latest data showed that inflation in the US is gradually slowing down to the Federal Reserve’s target of 2%. The core Personal Consumption Expenditures (PCE) index, which excludes food and energy prices, dropped to its lowest level since the first quarter of 2021, reaching 2.6% in […]
In a turbulent Thursday session, the euro touched a six-week low at $1.08215, marking a 0.58% decline. The dip came as the European Central Bank (ECB) decided to maintain its interest rates at an unprecedented 4%, causing concern about the eurozone’s economic trajectory. ECB President Christine Lagarde, addressing the media, emphasized that it was premature […]
In a week marked by robust U.S. economic performance, the dollar has continued its upward trajectory, showcasing resilience in contrast to its global counterparts. Central bankers’ cautious approach to rapid interest rate cuts has tempered market expectations, fostering the greenback’s ascent. Dollar Index Surges to 1.92% YTD The dollar index, a gauge measuring the currency […]
In response to disappointing Chinese economic data and mixed signals from global central banks, the dollar experienced a robust surge against major currencies on Wednesday, reaching its highest level in a month. The dollar index, gauging the greenback against a basket of six currencies, climbed by 0.32% to 103.69, marking its zenith since December 13. […]
The U.S. dollar flexed its muscles against the euro and the yen on Thursday, reaching a one-month peak against the Japanese currency. This surge followed the release of inflation data by the U.S. Bureau of Labor Statistics, defying market expectations and throwing the Federal Reserve’s interest rate cut plans into uncertainty. The Consumer Price Index […]
The U.S. dollar reached its highest point in over two weeks on Wednesday, driven by robust economic indicators and escalating Treasury yields. The dollar index, gauging the greenback against a basket of major currencies, exhibited a noteworthy surge of 1.24% to 102.60, building on the momentum gained with a 0.9% spike on Tuesday. Supporting the […]
The U.S. dollar grappled with uncertainties on Tuesday following the release of data revealing a more significant slowdown in November’s inflation than anticipated. This development has heightened expectations that the Federal Reserve may consider lowering interest rates in 2024, aligning with its recent dovish stance. The yen, in contrast, maintained its position near a five-month […]
The Swiss franc has achieved its highest standing against the dollar since January 2015, echoing a broader trend of dollar depreciation. The surge, witnessed on Friday, saw the Swiss franc rise by 0.5% to 0.8513 francs per dollar, surpassing the previous low recorded in July this year. This rally is part of a larger narrative […]
The dollar has recorded a notable dip, marking its lowest level in three days on Thursday. This move puzzled some as investors appeared to cast aside the risk aversion that had boosted the U.S. currency in the previous session. Eyes are now turned toward Friday’s release of U.S. inflation data, seen as a crucial guide […]
