The U.S. dollar showcased resilience on Thursday, bolstered by encouraging figures on unemployment benefits, signaling a robust labor market and diminishing prospects of a Federal Reserve rate cut. According to the latest report from the Labor Department, initial jobless claims decreased by 9,000 to 218,000 during the week ending February 3, surpassing expectations set at […]
The U.S. dollar maintained its position close to a three-month peak on Tuesday, showing resilience against other major currencies despite a slight dip. The currency found support in robust U.S. economic indicators and a steadfast stance on interest rates by the Federal Reserve. Earlier expectations of imminent and substantial rate cuts by the Fed were […]
The US dollar marked its highest point this year on Friday following an impressive January jobs report. The Bureau of Labor Statistics revealed that the US economy generated a staggering 353,000 new jobs, surpassing market expectations of 180,000 and marking the most significant increase in a year. The data also showcased a steady unemployment rate […]
In a tight trading range, the dollar maintained its position on Tuesday as investors eagerly awaited the Federal Reserve’s imminent decision following their two-day meeting and the impending release of the latest U.S. jobs data. Analysts widely anticipate the Fed to maintain steady rates during Wednesday’s announcement. Despite a sharp decline from 88.5% a month […]
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 […]
