The U.S. dollar reached three-month lows on Thursday following the Treasury Department’s efforts to stabilise a bond market rout that had driven long-end yields to their highest levels since 2007, diminishing support for the currency. The dollar index, which measures the U.S. currency against six other units, was at 98.813, around its lowest level since Read More
The U.S. dollar hovered close to multi-month lows against major peers on Wednesday as Treasury yields receded from recent highs, with investors anticipating the minutes of the Federal Reserve’s latest policy meeting for insights into the trajectory of interest rates. The euro inched higher to $1.1577, remaining close to the two-month high reached earlier this Read More
The U.S. dollar remained close to multi-month lows against most major currencies on Tuesday as traders recalibrated their expectations regarding near-term monetary tightening. However, the looming threat of an escalation in the Middle East conflict contributed to a fragile sentiment. The euro fetched $1.1581 in early Asian hours, remaining close to the two-month high of Read More
The US Dollar Index has experienced a decline, settling at approximately 99.50 during the Asian session on Monday. US retail sales decreased by 0.6% month-over-month in July, following a 0.2% increase in June. Discussions between the US and Iran aimed at addressing the Middle East conflict continue to be at an impasse. The US Dollar Read More
The US Dollar Index has experienced a decline, settling at approximately 99.90 during the Asian session on Friday. The US PPI inflation remained stable in July, bolstering expectations that the Fed will abstain from increasing interest rates in the upcoming month. Fed’s Barkin stated that a rate hike remains a ‘open question.’ The US Dollar Read More
The dollar’s advance stalled on Thursday following a generally benign U.S. inflation reading overnight, which prompted traders to reduce their expectations for a near-term Federal Reserve interest rate hike. As of Asia’s midday, the US dollar had barely moved against the yen, but it was still expected to recover roughly 1% this week as markets Read More
The dollar edged up slightly during Asian trading on Wednesday, gaining limited strength following renewed assaults on shipping in vital Middle Eastern waterways, as currency markets remained on edge in anticipation of forthcoming inflation data later in the global day. The yen was 0.1% weaker against the dollar at 159.44, reaching its softest levels of Read More
The US Dollar Index extends its recovery to 99.85 from Friday’s lows at 99.41. Waning hopes for a rapid peace agreement in Iran, coupled with assertive remarks from Federal Reserve officials, have given a renewed impetus to the USD. Bulls must surpass the 100.00 threshold to validate a more substantial correction. The US Dollar Index Read More
The U.S. dollar remained close to a two-month low against major currencies on Monday as investors anticipated this week’s inflation data for insights into the Federal Reserve’s interest rate trajectory. The euro edged higher to $1.1558, hovering near its strongest level since mid-June, while sterling remained steady at $1.3490, close to a five-week peak. The Read More
The U.S. currency’s appeal as a shelter was bolstered by uncertainties about an Iran peace deal, which caused the dollar to move higher against the yen and euro on Friday, building on gains from the previous day. The greenback also received support from elevated Treasury yields following a report that referenced sources close to Federal Read More
