The US dollar exhibited resilience in the wake of a turbulent week, with market sentiments swaying in response to hints of further rate hikes by Federal Reserve officials. Investors eagerly awaited Federal Reserve Chair Jerome Powell’s upcoming speech, seeking clarity on the central bank’s policy direction. After a sharp decline following the Fed’s decision to […]
The U.S. dollar has experienced a sharp decline, reaching its lowest level in six weeks. This downward spiral was triggered by underwhelming U.S. job data, which has subsequently dampened expectations of a Federal Reserve (Fed) rate hike in December. According to the latest statistics, the U.S. economy added only 150,000 jobs in October, falling significantly […]
The dollar index, which gauges the greenback against six major currencies, dipped marginally on Friday as investors fine-tuned their portfolios to close out the month. Nonetheless, the dollar wrapped up the week on a higher note, underpinned by robust U.S. economic indicators and anticipations of a Federal Reserve rate hike. In September, U.S. consumer spending […]
The US dollar clawed back from a month-low, spurred by lackluster economic data from the eurozone, which cast a shadow on the euro’s performance. In a surprising turn of events, the euro stumbled by 0.7% to $1.0594 after earlier gains, following a Reuters survey unveiling a decline in business activity across the eurozone. This unexpected […]
The US dollar’s recent surge, triggered by persistent price pressures revealed in US inflation data last week, seems to be losing steam, despite the robust fundamentals underpinning the American economy. The dollar index (DXY) has largely traded sideways against a basket of major currencies since its spike on October 12. This phenomenon has left market […]
The U.S. dollar maintained its position near an 11-month high on Wednesday, despite facing some pressure. China’s resurging economy triggered optimism, propelling Asian currencies and commodities upward. Yet, the greenback stood its ground, bolstered by rising U.S. yields driven by robust retail sales data. This comes as China’s GDP surpassed expectations, surging by 1.3% in […]
The U.S. dollar embarked on a vigorous ascent on Friday, buoyed by a surprising surge in inflation data, which has ignited expectations of the Federal Reserve keeping interest rates at higher levels for an extended duration. The dollar index, measuring the greenback against six major currencies, notched a 0.15% gain, pushing it to 106.73. This […]
In a notable market development, the US dollar has seen a weakening trend today. This decline is attributed to the recently released data on US inflation for the month of September, which revealed a slight moderation. Consequently, market expectations for further interest rate hikes by the Federal Reserve have eased. According to the latest Producer […]
The US dollar embarked on an impressive winning streak during the third quarter of 2023, surging for a remarkable eleven consecutive weeks. Such a resilient performance had not been witnessed since the heydays of Q3 2014. The primary catalyst behind this remarkable rally can be attributed to the surge in long-term Treasury yields. These yields […]
