The US Dollar Index has softened to approximately 99.40 during the early European session on Thursday. Private US companies increased employment at a pace that fell short of expectations in August. Traders will pay keen attention to the US employment data for August, set to be released on Friday. The US Dollar Index, an index Read More
The dollar remained close to a two-week peak on Wednesday, as escalating tensions in the Middle East pushed oil prices upward, reigniting inflation worries and exerting upward pressure on bond yields. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.11% to 99.79, its highest Read More
The dollar exhibited strength on Tuesday as renewed Gulf attacks triggered a global bond selloff and heightened inflation concerns, while the yen fell below 160 per dollar once more, despite increasing pressure on the Bank of Japan to consider raising interest rates. U.S. President Donald Trump issued threats of additional strikes against Iran following the Read More
The dollar maintained its position close to a two-week high on Monday as market participants increased their expectations for a rate hike following hawkish comments from Federal Reserve Chair Kevin Warsh and escalating tensions in the Gulf region. Meanwhile, the yen faced challenges near the significant 160-per-dollar threshold. The U.S. central bank will “have work Read More
The U.S. dollar remained stable near a one-week high against major peers on Friday, as investors adopted a cautious stance ahead of Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole symposium, seeking insights into his policy outlook. The euro and sterling exhibited a subdued performance, hovering near one-week lows against the dollar, last Read More
The U.S. dollar exhibited limited fluctuations on Thursday in anticipation of the Jackson Hole symposium, while the yen remained stable following comments from a Bank of Japan policymaker, who did not dismiss the possibility of a rate hike next month but refrained from providing a clear indication of such a move. The euro appreciated by Read More
The dollar exhibited a rangebound performance during early Asian trading on Wednesday, as a sense of uneasy calm permeated the currency markets. Investors are poised for inflation reports from significant economies, including the U.S., in anticipation of the Jackson Hole symposium scheduled for this weekend. The greenback remained confined within the narrow trading range it Read More
The U.S. dollar faced challenges in maintaining its gains against major counterparts on Tuesday, as investors analysed Washington’s broadened sanctions related to Iran and the renewed initiatives aimed at alleviating pressure on longer-dated Treasury yields. The euro was a shade higher at $1.1668, hovering near a three-month peak hit last week, while sterling was 0.1% Read More
A fluctuating dollar hovered close to multi-month lows on Monday in a market disturbed by the U.S. Treasury’s commitment to repurchase additional long bonds, as traders anticipated details regarding sanctions on Iran and policy speeches scheduled for this week in the U.S. and Japan. The Canadian dollar experienced a decline of 0.2% in early trading, Read More
The dollar faced instability and appeared poised for a weekly decline on Friday, as investors regarded the U.S. Treasury’s bond buyback strategy as a mere short-term solution, while also expressing renewed apprehension regarding officials’ increasingly interventionist stance. U.S. Treasury Secretary Scott Bessent indicated overnight that he may further augment the government’s repurchases of Treasuries. This Read More
