The dollar ascended to a 19-month peak against major counterparts on Thursday, bolstered by increasing anticipations of a Federal Reserve rate increase, while the yen approached the significant 160-per-dollar threshold in the wake of a dovish address from a central bank official. Traders increased their positions on the likelihood of additional Federal Reserve tightening following Read More
The dollar maintained its strength close to a two-week peak in early Asian trading on Wednesday, driven by a stronger-than-anticipated inflation report and assertive remarks from Federal Reserve officials, which have intensified expectations for a rate hike by the central bank next month. The US dollar index, which measures the greenback’s strength against a basket Read More
The dollar exhibited strength against major currencies on Tuesday, following inflation data from the US that surpassed expectations, thereby reinforcing anticipations of an interest rate hike by the Federal Reserve in the upcoming month. Data indicated that the Consumer Price Index rose by 0.4% last month, surpassing the consensus forecast of a 0.3% increase as Read More
The US dollar traded close to a 1-1/2-year high against the euro and a seven-month high against the Australian dollar on Monday, following a significant surge on Friday, the largest in nearly six months, driven by strong US jobs data that increased expectations for higher interest rates. New Zealand’s currency rebounded from a seven-month low Read More
The US dollar maintained its strength against major currencies on Friday, bolstered by haven demand following a global selloff in AI stocks. However, lower Treasury yields limited the extent of its gains in anticipation of a closely monitored US payrolls report. Currencies are responding to the dynamics of the equity and bond markets, analysts noted, Read More
The dollar edged lower on Thursday following a decisive victory by Democrats in the US midterm elections, which alleviated a significant source of uncertainty and spurred a rally in global equities. The yen strengthened following the release of minutes from the Bank of Japan’s September meeting, which bolstered expectations for additional interest rate hikes. Meanwhile, Read More
The dollar experienced a significant decline against major currencies on Wednesday, following early results from the US midterm elections that indicated substantial gains for Democrats in their efforts to reclaim control of Congress from President Donald Trump’s Republicans. The immediate market reaction from investors was to divest from equities, exit the US dollar, and seek Read More
The dollar was on the defensive on Tuesday in markets cautious about US-Iran tension ahead of midterm elections, while the Aussie dipped after the Reserve Bank of Australia hiked rates as expected. Oil prices experienced a modest increase during early Asian trading, with Brent crude futures rising by 0.5% to $105.25, partially recovering from Monday’s Read More
The dollar and other major currencies remained stable on Monday as investors focused on this week’s US midterm elections, which have the potential to alter the balance of power in Congress and influence control over federal finances. In the realm of cryptocurrencies, bitcoin and ether are experiencing declines in value subsequent to the unprecedented $6.3 Read More
DXY declines as easing tensions in the Middle East diminish the demand for safe-haven assets and lower the probabilities of a rate hike by the Federal Reserve in December. US-Iran peace talks stabilise crude oil prices, contributing to a reduction in immediate inflation worries. Strong US GDP figures and a constrained labour market mitigate losses Read More
