The U.S. dollar appeared poised to conclude the week approximately stable on Friday, as market participants aimed to weigh the Federal Reserve’s aggressive stance against ongoing apprehensions regarding the U.S. economy. Meanwhile, investors were evaluating the implications of data that raised concerns about the global economic outlook: In October, Chinese exports experienced an unexpected decline, Read More
The dollar experienced a decline in early Asia trade on Friday, contributing to a downward trend among major currencies. Investors, faced with a lack of official data regarding the U.S. labor market, reacted to indications of weakness reflected in private sector surveys. The dollar index, which measures the greenback’s strength against a basket of six Read More
On Thursday, the U.S. dollar experienced a decline against the euro and Swiss franc for the second consecutive session, as data indicated a weakening U.S. labor market, which heightened expectations for another rate cut this year. Meanwhile, sterling appreciated following the Bank of England’s decision to maintain rates steady in anticipation of this month’s budget. Read More
The dollar saw a notable drop, while European stocks rallied, after a remark from an official of the incoming U.S. administration suggested that President-elect Donald Trump would avoid imposing tariffs during his inauguration, set for later that day. European equity markets experienced significant increases in afternoon trading after Trump would postpone the implementation of import Read More
According to a survey, traders are expected to maintain a net short position on the U.S. dollar through November. This trend is anticipated as the currency is projected to weaken in the coming months due to ongoing expectations of multiple interest rate cuts by the Federal Reserve. Rate futures are presently indicating three to four Read More
The risk aversion that swept through foreign-exchange markets in Asia on Wednesday largely faded by the European morning, as the safe-haven yen lost its gains and Antipodean currencies strengthened. The Swiss franc maintained its strength, while the U.S. dollar exhibited stability during the session, following a peak not seen since April 1 at the close Read More
The dollar climbed to a four-month peak against the euro on Tuesday, as divisions within the Federal Reserve cast uncertainty on the likelihood of an additional rate cut this year. Meanwhile, a risk-off sentiment prompted investors to turn to the U.S. currency for safety. Meanwhile, the pound depreciated following the UK finance minister’s indication of Read More
Tumbling equities and softer yields indicate a risk-off session. The US dollar, however, is predominantly stronger. In the context of G10 currencies, it required an additional round of verbal intervention and declining Treasury yields to enable the yen to withstand the dollar’s influence. Approximately 50% of currencies have declined by 0.5% or more, with the Read More
The US Dollar is starting the new month with a strong performance. The currency has shown a slight increase against the majority of other currencies. Within the G10, the Australian dollar and Norwegian krone are at the forefront, exhibiting minimal gains. Among emerging market currencies, the Mexican peso’s increase of approximately 0.15% positions it at Read More
The dollar strengthened to a near three-month high on Monday as investors anticipated the release of data this week to assess the health of the U.S. economy and evaluate its potential impact on the Federal Reserve’s hawkish stance. The yen remained close to an 8-1/2-month low, influenced by significant interest rate differentials between the U.S. Read More
