The US dollar is experiencing a slight decline, yet remains within the trading ranges established yesterday. The recent surge in Japanese unemployment has negatively impacted the yen, making it the sole G10 currency that is not appreciating against the dollar today. The weakened greenback indicates that the Canadian dollar is probably under-performing, showing only slight Read More
News
The dollar appreciated against the euro and yen on Thursday, with the greenback recovering against the Japanese currency following four consecutive days of declines, as traders assessed the implications of a potential U.S. government shutdown. The shutdown creates a void in government data, notably affecting the highly anticipated monthly jobs report for September that was Read More
The dollar declined to approach a one-week low on Thursday as traders assessed the implications of a potential U.S. government shutdown, while disappointing jobs data heightened expectations that the Federal Reserve will implement two additional interest rate cuts this year. The dollar index, which gauges the performance of the greenback relative to a basket of Read More
The dollar is exhibiting weakness and is trading close to session lows during the late European morning session. The flow of news is minimal, and significant portions of the US federal government continue to be inactive. China’s mainland markets are currently observing a holiday period. Among the G10 currencies, the Canadian dollar continues to underperform Read More
The US federal government is currently experiencing a partial shutdown due to the failure to approve appropriations necessary to commence the new fiscal year. The president has indicated a potential permanent termination of numerous “non-essential” government employees, while also noting that as of yesterday, approximately 150,000 federal workers have opted for the government’s buyout offer. Read More
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