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
The dollar remained stable close to its highest point in two months on Wednesday, driven by expectations of imminent interest rate increases. Concurrently, declining oil prices, fuelled by hopes for a diplomatic resolution to the ongoing conflict in the Middle East, contributed to a sense of unease among investors. The euro was at $1.1446 in Read More
The US Dollar Index has strengthened to approximately 100.45 during the early European session on Tuesday. Fed policymakers indicated the possibility of an additional rate increase prior to year-end, which bolstered the DXY. Market participants are closely monitoring the situation regarding potential discussions between the US and Iran. The US Dollar Index, an index of Read More
The US Dollar Index experiences an uptick as market participants assign a 56.5% probability to the likelihood of an additional rate hike occurring in October. Fed Chair Kevin Warsh emphasises that enduring inflation continues to be excessively elevated, indicating the necessity for additional tightening measures. Kashkari emphasised that enduring inflation continues to be excessively elevated, Read More
The US Dollar Index posts modest gains around 100.30 on Friday as traders continue to assess the latest Federal Reserve rate hike and policy cues. On Wednesday, the US central bank opted to increase its benchmark interest rate by a quarter-percentage point, bringing it to a range of 3.75% to 4.00%. This marks the initial Read More
The US Dollar Index experienced a rally subsequent to a 25-basis-point increase, establishing a target range of 3.75%-4.00%. Fed Chair Warsh highlighted elevated inflation levels, with markets assigning a 49.8% likelihood to an interest rate hike in October. Maintaining positions above the critical nine- and 50-day EMAs indicates a positive short-term outlook, reinforcing a favourable Read More
The dollar was maintaining its recent gains on Wednesday, trading close to multi-week highs against several major peers in anticipation of a Federal Reserve decision that traders expect will initiate the first of several potential U.S. interest rate hikes. The dollar has appreciated this week in tandem with rising yields, making significant gains against the Read More
As rising oil prices increased Treasury yields and strengthened anticipation that the Federal Reserve will hike interest rates this week, the dollar edged up to trade close to a two-week high on Tuesday. It also gained support as risk appetite diminished following the decline in stock markets, with AI-related shares facing pressure after industry leaders Read More
The dollar strengthened on Monday, while the yen fluctuated close to a seven-month high as investors considered potential rate hikes from the Federal Reserve and the Bank of Japan later this week. Meanwhile, increasing oil prices, driven by the escalating conflict in the Gulf, tempered market sentiment. Global policymakers are contending with volatile pricing pressures Read More
The dollar remained close to its peak levels of the previous week on Friday, as tensions in the Middle East drove up oil prices and bond yields in anticipation of the U.S. inflation figures set to be released later in the day. The U.S. dollar index, which measures the currency against six peers, was trading Read More
