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
Following the extension of this week’s rally yesterday, the US dollar is currently solidifying its gains from the previous day, indicating a positive trend in price movement. The retreat from the dollar’s peak has been modest. This week, the US finalized multiple trade agreements and achieved a trade truce with China, although skepticism regarding its Read More
The yen strengthened against the U.S. dollar during Asian trading on Friday, following remarks from Japan’s new finance minister indicating that the government is closely monitoring foreign exchange movements with heightened urgency. The yen was last recorded at 0.1% stronger against the U.S. dollar, standing at 154.01 yen per dollar, recovering slightly from its lowest Read More
