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
The U.S. dollar experienced an increase on Wednesday, recovering from its lowest point in almost a week, following Federal Reserve Chair Jerome Powell’s cautious remarks regarding further easing overnight. Nevertheless, markets continue to anticipate two additional rate cuts this year. The euro declined against the dollar following an unexpected drop in German business morale in Read More
The dollar’s rally that commenced during the Federal Reserve’s press conference last week encountered a halt yesterday, and the greenback is predominantly weaker today. In light of Sweden’s unexpected rate cut, the krona is outperforming the G10 currencies, showing a notable increase. The preliminary September PMIs exhibited a general softening; however, the overall impact appears Read More
The U.S. dollar experienced ongoing pressure during Asian trading on Tuesday as traders analyzed remarks from Federal Reserve members for insights regarding the trajectory of interest rates. The greenback experienced volatility, oscillating between gains and losses, ultimately trading flat after breaking a three-day winning streak on Monday, with the U.S. dollar index recorded at 97.326. Read More
Following a strong performance last week, the US dollar’s upward momentum was initially sustained against the majority of G10 currencies, although a slight wave of profit-taking later occurred. The extension occurred during the European morning, but there is potential for it to stall in North America. Multiple pairs are exhibiting options close to today’s peak Read More
Sterling experienced a slight increase against the dollar on Monday as investors took a moment to reassess after Friday’s selloff, which was influenced by fiscal concerns. The dollar experienced a slight decline as market participants anticipate upcoming speeches from Federal Reserve officials this week, which may offer additional insights into the U.S. interest rate trajectory. Read More
On Thursday, global equity markets reached a new peak, fueled by a continuing bull market. At the same time, the U.S. dollar gained strength against key currencies after reports indicated a decline in the number of Americans filing new claims for unemployment benefits last week. The pound saw a slight drop after the Bank of Read More
With the first Federal Reserve interest rate cut of 2025 now considered to be secured, world markets are eager for indications of how much more may follow. The dollar has managed to stabilize at four-year lows against the euro in anticipation of today’s decision. Futures remaining unchanged ahead of today’s market opening. Expectations for a Read More
