In Asia, trade was relatively quiet on Thursday, but the dollar remained at its highest level in 18 months as hawkish minutes from the US Federal Open Market Committee indicated that policymakers saw inflation as the largest threat to their outlook. Following a 0.3% increase on Wednesday, the dollar index remained unchanged at 102.25, indicating Read More
The US dollar continued to trade at a lower level on Wednesday, following a reduction in stress within European bond markets. Market participants are now focused on the upcoming release of Federal Reserve minutes and speeches from its policymakers, seeking indications regarding a possible rate hike. The euro experienced its most significant increase in seven Read More
The US Dollar Index may be on the verge of reaching a nearly 18-month high of 102.53, as noted on Monday. The 14-day Relative Strength Index at 75.6 indicates that the asset is currently in overbought territory. The primary support is positioned at the lower boundary of the ascending wedge, approximately 101.70. The US Dollar Read More
The US Dollar Index has strengthened to approximately 102.20 on Monday. The US economy generated 29,000 jobs in September, while the Unemployment Rate increased to 4.2%. Weaker-than-anticipated employment figures in the United States have led to a moderation in expectations regarding potential rate increases by the Federal Reserve. The US Dollar Index, an index of Read More
The US dollar is on track for its third consecutive week of gains on Friday, standing at a 17-month high as a bond market rout has driven borrowing costs worldwide to multi-decade highs amid inflationary concerns stemming from rising oil prices. Investors faced significant turmoil on Thursday due to a pronounced global bond sell-off, which Read More
The dollar remained close to a two-month peak on Thursday, bolstered by a sustained increase in US Treasury yields, which were partly influenced by worries regarding ongoing global price pressures arising from the conflict in the Middle East. Data indicating that US inflation increased less than anticipated in August, coupled with downward adjustments to July’s Read More
The dollar hovered near a two-month high on Tuesday as volatile oil prices and a rapid climb in Treasury yields provided support. However, gains were constrained as traders awaited US data this week for insights into the Federal Reserve’s rate trajectory. The euro traded close to its lowest point in three months at $1.1367 following Read More
The dollar inched higher to maintain proximity to a two-month high on Monday, as the US-Iran standoff continued to elevate oil prices while investors anticipated a data-rich week for further insights on inflation and the actions of central banks. The euro and sterling experienced a decline of 0.1% against the dollar, with the latest values Read More
The dollar was poised for its first consecutive weekly gains in over three months on Friday, as rising Treasury yields and increasing expectations of additional Federal Reserve rate hikes maintained the greenback close to multi-month highs. The strength of the dollar has driven the euro down to a two-month low of $1.1370, positioning it for Read More
The dollar maintained its position at a two-month high on Thursday, following a robust manufacturing report that rekindled concerns over inflation and increased expectations for interest rate hikes. Additionally, a lacklustre Treasury auction resulted in rising yields across the curve, further bolstering the US currency. The broad dollar strength pushed the euro to $1.1378, a Read More
