Dollar weakness intensified as the currency hit a fresh yearly low, pressured by soft retail sales data and uncertainty over US tariff policies. The Bloomberg Dollar Spot Index slid as much as 0.5% on Friday, reaching session lows after weaker-than-expected January retail sales fueled speculation that the Federal Reserve may implement deeper rate cuts in […]
The U.S. dollar remains a cornerstone of global financial stability, as the Federal Reserve’s decisions reverberate across economies. Paul Gruen, Global Chief Economist recently shared insights on the Federal Reserve’s rate policy and inflation challenges. His analysis provides a clear lens into the U.S. dollar market’s resilience and potential vulnerabilities as economic dynamics evolve. . […]
US Dollar momentum turned softer in Wednesday’s European session following a notable drop in the JOLTS Job Openings report, which signaled the weakest labor demand in over three years. This data release lowered US Treasury yields, intensifying negative pressure on the US Dollar. The Federal Reserve’s (Fed) upcoming policy decision looms, with Friday’s Nonfarm Payrolls […]
This week brings four pivotal economic events that could significantly impact investment portfolios. These events may influence market sentiment and provide insights into the Federal Reserve’s future policy directions. This week, on Wednesday, October 30, the Q3 2024 GDP Growth Annualized (advance estimate) will give an early glimpse into the economy’s recent performance. Economists project […]
The U.S. dollar tumbled on Friday, falling to its lowest point since June 22, following the release of government data revealing a slowdown in job growth. This unexpected twist has given investors a breather, easing worries about the Federal Reserve’s plans for interest rate hikes. In a surprise turn of events, the official U.S. nonfarm […]
The US dollar index, known as the DXY index, has encountered significant challenges as it falls below a crucial support level, signaling a disconnect between the market and the US Federal Reserve’s hawkish stance on monetary policy. During its recent meeting, the Federal Reserve opted to maintain interest rates at their current levels. However, they […]
Market Analysis – April 4 US 30 has experienced difficulty breaking above the resistance level of 34209.0. After the price dropped below the 34209.0 resistance level in April, the market has not been able to recover. Multiple attempts to bridge the resistance level have failed. The Buyers are ascending once again to attack the same […]
Tuesday saw a little decline in the US dollar index (DXY), but it continued to trade close to levels reached earlier this week as a result of positive US services data that raised expectations for higher interest rates than had previously been anticipated. Meanwhile, following the Reserve Bank of Australia’s (RBA) eighth-time increase in as […]
The US dollar (USD) continued its decline on Thursday following the release of the Federal Reserve’s November meeting minutes, bolstering the idea that the bank would shift gears and hike rates gradually starting at its December meeting. A 50 basis point rate increase is expected to occur next month after four consecutive 75 basis point […]
