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 […]
The dollar clawed back lost ground on Friday, following comments by New York Fed President John Williams, who emphasized that it is premature to discuss lowering interest rates in the United States. Earlier this week, the greenback faced a significant decline after signals from the Federal Reserve hinted at the cessation of rate hikes and […]
In a rollercoaster ride, the U.S. dollar faced turbulence on Tuesday following the publication of November’s consumer price inflation data. The U.S. Bureau of Labor Statistics reported a headline inflation rate of 3.1% year-on-year, marking a five-month low. Meanwhile, the core inflation rate held steady at 4%, aligning with market expectations. Despite the annual dip, […]
The U.S. dollar is gearing up for a critical week, where two major events could be game-changers: the release of the November inflation report on Tuesday and the highly anticipated Federal Reserve meeting on Wednesday. Market sentiment has been riding on the expectation that the Fed might slash interest rates by a whopping 100 basis […]
In a rollercoaster response to a mixed US jobs report, the dollar experienced fluctuations on Thursday, culminating in a modest change after revealing a lower unemployment rate but a sluggish pace of job creation in November. The Bureau of Labor Statistics reported that the US economy added 199,000 jobs last month, falling short of the […]
The US dollar strengthened its position, hitting a one-week high against a basket of currencies, propelled by a significant drop in job openings reported by the Labor Department’s JOLTS data. Job openings fell by 617,000 to 8.733 million in October, marking the lowest point in almost two years and missing analysts’ projections. This decline in […]
