The dollar slipped at the start of Asian trading on Monday as hopes of a deal to reopen the Strait of Hormuz pushed oil prices below $100 per barrel, even as the Trump administration played down the chances of reaching an agreement with Iran soon. Against the yen, the U.S. dollar experienced a decline of Read More
The dollar remained close to a six-week high on Friday, following a turbulent overnight session marked by mixed signals regarding a U.S.-Iran peace deal. Nevertheless, investors clung to hopes of potential progress. Washington and Tehran maintained their divergent positions regarding Iran’s uranium stockpile and the control of the Strait of Hormuz. However, U.S. Secretary of Read More
The dollar is exhibiting a stronger tendency, rebounding from the previous day’s declines during the North American afternoon session. A disappointing employment report coupled with a lacklustre PMI has positioned the Australian dollar as the weakest among the G10 currencies, a notable shift from its leading status just a day prior. The dollar continues to Read More
The U.S. dollar held steady just below a six-week high on Thursday, pulling back as optimism grew regarding Washington’s potential agreement with Tehran to address the ongoing conflict in the Middle East. The Australian dollar faced a downturn following an unforeseen rise in the unemployment rate, which has now reached its peak since 2021. This Read More
The US dollar is predominantly stronger, although the Australian and New Zealand dollars are showing resilience against this trend. The euro is currently fluctuating within a range of approximately 15 ticks around $1.16. Meanwhile, despite a rally in Gilts driven by lower-than-anticipated inflation figures, sterling is finding it challenging to regain the $1.34 level. The Read More
The U.S. dollar maintained its position close to a six-week high on Wednesday as investors adjusted to the potential necessity for elevated interest rates to combat inflation stemming from the Iran war, consequently pushing the Japanese yen back into the intervention zone. The ongoing uncertainty regarding the conclusion of the Middle East conflict has negatively Read More
The G7 finance and central bankers’ meeting concludes today. The United States is applying pressure on its allies through the threat of increased tariffs on European Union vehicles, contingent upon the approval of the trade agreement by July 4, leading to strained diplomatic interactions. Officials in Greenland have indicated that the United States’ desire to Read More
The dollar stabilized during Asian trading on Tuesday, as market participants processed U.S. President Donald Trump’s declaration of a halt to a proposed military action against Iran to facilitate negotiations. The U.S. dollar index, which gauges the greenback’s strength against a basket of six currencies, increased by 0.1% to 99.076, drawing bids after breaking a Read More
The dollar initially strengthened against the majority of G10 currencies but faced selling pressure in Europe, leading to a lower opening in the North American session, with the exception of its performance against the Japanese yen. Japan’s Prime Minister Takaichi has reassessed her previous hesitance and has endorsed a supplemental budget aimed at assisting households Read More
The dollar strengthened against most major currencies on Monday as renewed tensions in the Middle East pushed oil prices higher and a global bond selloff reduced risk appetite, while the weakness of the yen kept traders vigilant for potential Japanese intervention. The euro was last quoted at $1.1609, while sterling was valued at $1.3305, with Read More
