US Dollar continues losing ground in light of weak CPI figures and UoM data. Markets still foresee a September rate cut. Despite hot PPI data, US Treasury yields are falling, diminishing allure of USD. The US Dollar Index (DXY) remains weak on Friday, sitting at April lows. This is largely a response to the soft […]
US Dollar loses momentum on decelerating CPI figures. Market now more certain of September cut. US Treasury yields fall, making traders lose interest in USD. The US Dollar has extended its losses and the DXY index slips further on Thursday, mainly due to the decelerating inflation figures from the US Consumer Price Index (CPI), which […]
US Dollar saw severe selling pressure after soft ADP figures from June. Markets boosted their bets for September Fed rate cut. FOMC minutes from the June meeting saw members acknowledging a ‘cool down’ of the economy. On Wednesday, the US Dollar, represented by the Dollar Index (DXY), declined to its lowest level since June 18 […]
The Minutes of the Fed’s June 11-12 policy meeting will be published on Wednesday. Details of Jerome Powell and Co’s hawkish hold and their inflation outlook will be scrutinized. Markets wager a roughly 67% chance of a Fed interest-rate cut in September. The Minutes of the US Federal Reserve (Fed) June 11-12 monetary policy meeting […]
In the first half of 2024, the global financial landscape witnessed an increase in the momentum of dedollarisation. The movement is driven by various geopolitical, economic, and strategic factors by countries seeking to diversify their currency holdings and reduce vulnerability to the US monetary policy and financial and economic sanctions, DBS macro analysts Philip Wee […]
US Dollar saw a slight dip at the end of the week, clearing daily gains. US Dollar finds support amid high US Treasury yields. May’s PCE data showed an unexpected deceleration in US inflation. The end of the week saw the US Dollar, as benchmarked by the DXY Index, settle near 105.80, after hitting a […]
The US Dollar trades firmly in the green against nearly all major peers. A light data calendar is ahead as markets digest hawkish Fed comments. The US Dollar index breaks through 106.00 and heads higher The US Dollar (USD) is outmatching other currencies on Wednesday for the second day in a row with some help from […]
The US Dollar recouped part of the ground lost following Monday’s negative session along with a decent bounce in US yields, while expectations for a Fed rate cut in September and December remained in place among investors. Source link
Central bank events in Europe gave the Dollar some support on Thursday, Francesco Pesole, FX Strategist at ING argues. DXY may trade closer to 106.00 “The surprise rate cut by the Swiss National Bank and a dovish hold by the Bank of England reinforced the notion that central banks in Europe are way ahead of the […]
US Dollar pauses as investors dissect recent comments from Federal Reserve officials. Markets appear skeptical about the Fed’s guidance and continue to anticipate potential cuts in September. Fed officials’ cautious remarks limit downside in the US Dollar. On Wednesday, the US Dollar as measured by the DXY Index (DXY) remained relatively unchanged around the 105.20 […]
The US Dollar trades comfortably in the green while the Japanese Yen and the Euro weaken. The BoJ said it is set to ease its bond-buying program in a very slow grind, while European sovereign bond yields increase due to political uncertainty in France.. The US Dollar index trades above 105.50 and could head towards […]
The US Dollar trades higher, with markets starting to label the Fed meeting as hawkish. Powell kept his cards close to his chest, not committing to any path for interest rates. The US Dollar index ticks up in that 30-day range between 104.00 and 105.50. The US Dollar (USD) trades overall in the green against […]
