The dollar fell to a one-week low against major currencies on Wednesday as the U.S. government faced a shutdown, which is expected to postpone the release of important employment data. Government funding lapsed at midnight in Washington following the inability of Republicans and Democrats to reach a last-minute interim agreement. Senate Republican Leader John Thune Read More
The U.S. dollar experienced a decline against most currencies, with the exception of the yen, on Tuesday. This movement comes in anticipation of a potential U.S. government shutdown, which may hinder the release of the monthly jobs report scheduled for this week. Investor attention was directed towards the looming U.S. shutdown. Government funding is set Read More
The US dollar is generally weaker compared to the G10 currencies and emerging market currencies. The Reserve Bank of Australia’s hawkish hold has contributed to a nearly 0.5% increase in the Australian dollar, reaching a four-day high above $0.6700. The Japanese yen has increased significantly, even in light of disappointing industrial production and retail sales Read More
The US dollar is continuing the decline observed prior to the weekend. It is exhibiting a weaker performance against all the G10 currencies and the majority of emerging market currencies today. However, the intraday momentum indicators are stretched, and it is likely that some US participants will prefer to wait for the outcome of President Read More
The dollar experienced a decline on Monday in anticipation of numerous U.S. economic reports that may offer additional insight into the Federal Reserve’s interest rate trajectory, while the increasing likelihood of a U.S. government shutdown also became a significant concern. The Asian session saw relatively muted currency movements, although the dollar relinquished some of its Read More
The dollar maintained its position against the euro and sterling on Friday, preserving significant gains as investors anticipated U.S. consumer spending data following stronger-than-expected growth figures that tempered expectations for additional easing by the Federal Reserve this year. The euro remained close to a three-week low at $1.1667, while sterling showed little movement at $1.3351 Read More
The dollar experienced a rally in North America yesterday, and it appears that the foreign exchange market is poised for its leadership once more today. The greenback is holding steady against the G10 currencies, remaining within tight ranges close to yesterday’s peak without making further gains. The dollar shows a mixed performance against the major Read More
The foreign exchange market is quiet today. The greenback is trading within narrow ranges, showing a slightly softer bias against most G10 currencies, except for the Swiss franc and Canadian dollar. The news flow is minimal, and the leadership in the North American market appears to be anticipated. The US has initiated a new sectoral Read More
The U.S. dollar strengthened against currencies such as the yen, Swiss franc, and euro on Wednesday, following Federal Reserve Chair Jerome Powell’s cautious remarks regarding further easing overnight. The dollar increased by 0.54% to 0.795 against the Swiss franc, aiming to end two straight sessions of losses. The euro declined against the dollar following an Read More
Following a rally in the latter part of last week, the dollar has been consolidating at lower levels over the past two sessions. It has returned to a bid today amid minimal news, showing gains of 0.25%-0.50% against the G10 currencies. The Australian dollar stands out, maintaining slight gains, buoyed by the stronger CPI reading Read More
