The US Dollar Index strengthens to approximately 98.55 during the early European session on Friday. The US Consumer Price Index increased by 2.7% year-over-year in November, which was below expectations. Cooling US inflation may create opportunities for the Federal Reserve to implement rate cuts. The US Dollar Index, which reflects the value of the US Read More
The dollar maintained its strength against major currencies as market participants prepared for upcoming central bank decisions in Britain, Europe, and Japan. Sterling continued to trade lower following an unexpected decline in UK inflation, reinforcing the argument for a potential rate cut by the Bank of England. The yen reduced its losses from the prior Read More
A soft-looking set of US jobs data yesterday caused the US Dollar Index to decline to its lowest levels since early October. The significant decline in energy prices is likely to benefit the energy-importing currencies across Europe and Asia. Today, the German Ifo may underperform in accordance with the local PMI releases, and a speech Read More
The U.S. dollar weakened, approaching a two-month low at the beginning of the Asian trading session on Tuesday, as market participants anticipated the release of various economic data, including the postponed November U.S. jobs report. The dollar index, which assesses the currency’s strength relative to a group of six major competitors, decreased by 0.2% to Read More
The dollar experienced losses on Monday, while the euro and sterling remained stable in anticipation of their respective central bank decisions this week. Attention is firmly directed towards the rate outlooks across major economies as the new year draws near. Currencies predominantly maintained narrow ranges during Asian trading hours, as market participants prepared for a Read More
The US Dollar is demonstrating ongoing weakness as it nears its third straight weekly drop on Friday. The anticipation of rate cuts by the US Federal Reserve in the upcoming year continues to apply downward pressure on the USD compared to its six main currency counterparts, as market participants get ready for the upcoming statements Read More
The dollar experienced a slight increase on Friday; however, it remained on track for its third consecutive weekly decline, impacted by the anticipation of rate cuts in the upcoming year. The dollar index, which measures the U.S. currency against six others, increased by 0.16% to 98.48, rebounding from a two-month low reached on Thursday, yet Read More
The dollar experienced a decline following the FOMC decision announced yesterday. Today, there has been a notable absence of significant follow-through selling in both the Asian and European markets. The dollar exhibits a varied performance as market participants in North America resume trading activities. The Swiss franc has emerged as the strongest currency following the Read More
The dollar experienced a decline on Thursday following the Federal Reserve’s less aggressive stance than expected, which encouraged investors to short the currency in anticipation of two additional rate cuts in the upcoming year. The Fed, at the conclusion of its two-day policy meeting, lowered rates by 25 basis points as anticipated. However, remarks from Read More
The results of the FOMC meeting are the primary point of interest today. Given that the market is pricing in at least two cuts next year, in contrast to the median projection from September which suggested that only one cut would be suitable, it is challenging to avoid expecting a hawkish cut. The dollar has Read More
