Following the extension of this week’s rally yesterday, the US dollar is currently solidifying its gains from the previous day, indicating a positive trend in price movement. The retreat from the dollar’s peak has been modest. This week, the US finalized multiple trade agreements and achieved a trade truce with China, although skepticism regarding its Read More
The yen strengthened against the U.S. dollar during Asian trading on Friday, following remarks from Japan’s new finance minister indicating that the government is closely monitoring foreign exchange movements with heightened urgency. The yen was last recorded at 0.1% stronger against the U.S. dollar, standing at 154.01 yen per dollar, recovering slightly from its lowest Read More
The US has consented to refrain from obstructing subsidiaries of Chinese firms that have been sanctioned, as well as to not impose the port fee on Chinese vessels that reportedly initiated the recent tightening of China’s rare earth/magnet export restrictions. China has consented to a one-year suspension of those measures and has eliminated its levy Read More
The yen experienced a decline on Thursday following the Bank of Japan’s decision to maintain interest rates at their current levels. Meanwhile, other currencies remained stable within narrow ranges as investors assessed the implications of a trade agreement between U.S. President Donald Trump and Chinese President Xi Jinping. Trump indicated that he had consented to Read More
The dollar appreciated on Wednesday following Federal Reserve Chair Jerome Powell’s remarks, which countered market expectations for an additional rate cut at the U.S. central bank’s December meeting, subsequent to the anticipated rate reduction by the U.S. central bank. Wednesday’s rate cut faced opposition from two policymakers, as Governor Stephen Miran reiterated his stance for Read More
The market shows optimism regarding the likelihood of a deal being finalized between the US and China tomorrow. A decrease in the fentanyl tariff is anticipated, along with a proposed one-year postponement of the comprehensive export licensing requirement for rare earths and associated technology. Recent reports indicate that China has acquired two cargoes of US Read More
The U.S. dollar experienced a decline against the euro, Chinese yuan, and Australian dollar. This shift was driven by increased optimism surrounding a potential U.S.-China trade deal, which enhanced risk appetite and diminished the demand for the greenback. Overall movements in the currency markets were relatively subdued as traders anticipated several important central bank meetings Read More
The U.S. dollar halted its six-day ascent against the yen and continued its three-day decline versus the euro on Monday, as investors reacted positively to a potential U.S.-China trade agreement and prepared for a week filled with central bank meetings. The U.S. Federal Reserve concludes its two-day policy meeting on Wednesday, with rate decisions from Read More
The US dollar is currently appreciating against all G10 currencies today; however, it has yet to surpass the ranges established earlier this week. The Dollar Index is experiencing an upward trend for the fourth consecutive session this week, successfully rebounding from last week’s 0.55% decline. The dollar shows a varied performance against emerging market currencies. Read More
The U.S. dollar remained stable on Friday, poised for a modest weekly increase against key competitors as investors prepared for postponed inflation data, which is expected to have little impact on the Federal Reserve’s decision to reduce interest rates in the upcoming week. Concerns regarding the trade war resurfaced as U.S. President Donald Trump announced Read More
