The U.S. Dollar Index (DXY) continues its impressive ascent, marking an eight-week winning streak with a recent surge past the 105.00 mark, its highest level since March. This remarkable run, not seen since 2014, is propelled by the steadfast rise in U.S. Treasury yields and the Federal Reserve’s resolute stance. The Federal Reserve has embarked […]
The U.S. dollar is on a winning streak, hitting a six-month high against a basket of currencies and reaching a 16-year peak against the Chinese yuan. This surge is propelled by robust indicators from the U.S. services sector and labor market, showcasing the resilience of the American economy amid global turbulence. The Dollar Index, gauging […]
In a week marked by anticipation and economic scrutiny, the U.S. dollar is poised for its first weekly loss in six weeks. Investors across the globe are currently digesting the recently released U.S. jobs report for August, which is expected to wield substantial influence over the Federal Reserve’s decision regarding the timeline for tapering its […]
In a continuation of its six-week winning streak, the U.S. dollar made modest gains on Tuesday, bolstered by expectations of pivotal economic data set to shape decisions regarding the Federal Reserve’s interest rates. The dollar index, a gauge of the dollar against a basket of global currencies, recorded a 0.44% uptick earlier today to reach […]
In the world of currency markets, the U.S. dollar stands tall, poised for a remarkable sixth consecutive week of ascension. Last week, all eyes were on Federal Reserve Chair Jerome Powell, who delivered a keynote speech at the Jackson Hole, Wyoming, gathering. Powell’s words resonated deeply, hinting at the potential necessity of forthcoming interest rate […]
In a notable shift, the US dollar took a step back from its recent 10-week peak on Tuesday as a renewed wave of global risk appetite prompted a rebound in the financial markets. This recovery comes on the heels of a sharp increase in US government bond yields and growing anxieties about the trajectory of […]
In a surprising twist of fate, the Euro (EUR) has showcased its remarkable resilience by orchestrating a robust and noteworthy recovery against the US Dollar (USD). The EUR/USD currency pair, which had faced adversity with a decline to a six-week low of 1.0861 earlier today, has now defied expectations by rebounding above the psychological barrier […]
The U.S. dollar showcased a resilient performance on Friday, bolstered by a noteworthy uptick in producer prices during July. This development triggered an interesting interplay with the ongoing speculation surrounding the Federal Reserve’s stance on interest rate adjustments. The Producer Price Index (PPI), a key metric gauging the cost of services, surprised markets with its […]
In a concerning turn of events, the Russian ruble finds itself in a precarious position, hitting a new 16-month low on Wednesday. The currency’s recent woes can be attributed to a combination of factors, with robust foreign currency demand and a limited supply acting as the primary culprits. These challenges are further compounded by Russia’s […]
