The Dollar Index failed to break its losing streak yesterday, extending it for the eighth consecutive session, thereby matching the longest decline since April 2011. The current trend could conclude today if the dollar maintains its upward momentum. In light of the stronger than anticipated GDP figures from the UK and China, along with a Read More
The U.S. dollar remained close to its lowest point since early March against major currencies on Thursday, as optimism from the White House regarding a peace deal with Iran lifted sentiment and prompted traders to move away from safe-haven positions. President Donald Trump stated that the U.S.-Israeli conflict with Iran was “close to over,” while Read More
The U.S. dollar approached six-week lows on Wednesday, having given up nearly all the gains achieved since the onset of the Iran war, as indications of renewed discussions between Washington and Tehran bolstered risk appetite. Tehran has effectively closed the Strait of Hormuz, a vital passage for a fifth of global oil and gas shipments, Read More
The US dollar is exhibiting a stronger inclination today. The Dollar Index is poised to potentially end its seven-day downward trend. President Trump has suggested that the “war is close to over”. Recent days have shown an improved risk appetite, indicating that the market is anticipating this development. A new round of negotiations between the Read More
North American participants dismissed the negativity observed in the Asia Pacific and European markets yesterday following the collapse of US-Iran negotiations over the weekend. The prevailing optimism was palpable, accompanied by reports indicating that further negotiations are being considered during the ceasefire set to expire next week. The dollar is experiencing a general decline. Today, Read More
The dollar maintained its position on Tuesday, yet it is poised for a seventh consecutive daily decline, as market participants assessed the supply risks stemming from a U.S. blockade of Iranian shipping in the Strait of Hormuz, juxtaposed with optimism for a diplomatic resolution between Washington and Tehran. The dollar index, which measures the greenback Read More
The breakdown of negotiations between the US and Iran, coupled with the US’s threat to block Iranian ports, signifies an escalation in the conflict that the markets did not foresee. Equities and bonds are experiencing a decline, while the dollar shows a general strengthening trend. However, to date, the actions seem to be measured. Iranian Read More
The dollar surged against other major currencies in light trading late on Sunday, as investors turned to the relative safety of the U.S. currency following protracted discussions between Washington and Tehran that did not result in a peace agreement, pushing markets into a seventh week of uncertainty. On Sunday, President Donald Trump announced that the Read More
The dollar exhibits a mixed performance against the G10 currencies today, in anticipation of the March US CPI report. The dollar bloc and the Japanese yen are facing challenges. Nonetheless, the tone predominantly reflects a consolidative stance. Equities exhibited an upward trend in the Asia Pacific region, albeit with a few exceptions, and also in Read More
The dollar on Friday was poised for its most significant weekly decline since January, as other currencies appreciated amid optimism that a ceasefire in the Gulf will be sustained and oil shipping will recommence. The future trajectory of the markets is expected to depend on the results of the discussions taking place over the weekend Read More
