The US Dollar Index has softened to approximately 101.15 during the Asian session on Wednesday. Market expectations indicate that the Federal Reserve is likely to maintain its current policy in the upcoming week, as evidenced by Fed funds futures reflecting an approximate 74.9% probability of this outcome. Houthi rebels have issued a warning regarding the Read More
As the Middle East war intensified, oil prices increased, and investor confidence remained shaky following last week’s volatility, the dollar saw a slight increase against the majority of its international counterparts at the beginning of Asian trade on Monday. The U.S. dollar experienced a 0.1% increase, reaching 162.48 yen, marking its highest point since July Read More
The US dollar exhibits a mixed performance, yet predominantly shows strength, indicating a likely firm conclusion to the week. Japan’s finance minister issued a warning of potential “decisive action” if deemed necessary; however, the yen did not react accordingly. The yen has experienced its weakest performance for four out of the last five weeks, despite Read More
The dollar maintained its position on Friday, yet it was set to experience a weekly decline following a subdued U.S. inflation report this week, which prompted traders to reduce expectations for immediate rate hikes from the Federal Reserve. Meanwhile, escalating tensions in the Middle East dampened market sentiment. Iran and the United States engaged in Read More
There appears to be a state of anxious tranquillity in the foreign exchange market. The US dollar is predominantly trading within narrow ranges, exhibiting minimal changes in levels. The euro is currently experiencing a range of approximately 15 ticks, while the greenback is limited to a movement of less than a quarter of a yen. Read More
The U.S. dollar remained close to a one-month low on Thursday, as subdued inflation data bolstered expectations that the Federal Reserve may maintain a patient approach regarding interest rate increases. Meanwhile, the intensification of hostilities in the Middle East introduced additional upside risks to the inflation outlook. The greenback slipped against the Japanese yen for Read More
The US dollar is predominantly stronger today, yet remains largely confined within the established ranges observed recently against the majority of G10 currencies. The news stream is relatively sparse; however, the United States has intensified its military actions against Iran, and August WTI has returned to approximately $80 per barrel. The eurozone’s May industrial output Read More
On Wednesday, the dollar continued its decline from its two-week high as inflation data came in lower than expected, dampening expectations of a rate hike from the Federal Reserve soon. This was amid worries that rising oil costs could lead to inflation. Against the yen, the dollar fetched 162.08, reflecting a decline of 0.1%. The Read More
The dollar steadied on Tuesday ahead of U.S. inflation data, with tensions in the Middle East lifting oil prices. Meanwhile, the yen maintained a soft tone amid caution regarding potential intervention and following policymakers’ remarks on state pension fund allocations. The dollar index, which measures the greenback against a basket of currencies including the yen Read More
The US dollar exhibits a mixed performance. The Japanese government has reportedly decided against a formal overhaul of the allocation of the government’s pension funds, contrary to prior indications before the weekend. As a result, both the yen and JGBs are experiencing a softer performance today. Since last week’s hawkish hold by the Reserve Bank Read More
