The dollar exhibits a generally softer stance, yet the consolidative tone remains intact. The yen stands out as the significant exception. Japanese officials have escalated their intervention measures, issuing stronger warnings. The market initially pushed the dollar’s gains to JPY159.45 before traders took some profits, resulting in a decline to approximately JPY158.60. The market appears Read More
The U.S. dollar regained strength, approaching a one-month high during early Asian trading on Wednesday, following U.S. CPI data that aligned closely with expectations. This development bolstered the belief that the Federal Reserve is likely to maintain its current stance later this month, even amid significant pressure from the White House to reduce interest rates. Read More
The US dollar remains largely within tight boundaries against the majority of G10 currencies today, in anticipation of the upcoming US CPI report and corporate earnings announcements. The yen stands out as a significant exception. The dollar has surged to JPY159.00 and has shown little sign of retreating. The apparent trigger is the increased speculation Read More
The dollar maintained its losses on Tuesday following the Trump administration’s initiation of a criminal investigation into Federal Reserve Chair Jerome Powell, a development that jeopardizes the central bank’s autonomy and confidence in U.S. assets. Investors were still attempting to understand the implications of the probe disclosed late on Sunday, a development that faced criticism Read More
The US dollar commenced trading on a stronger note, coinciding with Japan’s holiday observance. However, the announcement that the Justice Department issued grand jury subpoenas to the Federal Reserve on Friday regarding the renovations of the Fed’s headquarters unsettled the markets. Fed Chair Powell issued a concise statement rejecting the charges, asserting they were a Read More
The U.S. dollar experienced a decline from its peak in a month early on Monday, following the initiation of a criminal investigation by U.S. prosecutors into Federal Reserve Chair Jerome Powell, which heightened tensions with the Trump administration. The dollar index, which gauges the strength of the greenback against a basket of six currencies, was Read More
The dollar appreciated yesterday following data that indicated U.S. jobs growth was slower than anticipated, implying that the Federal Reserve may opt to maintain interest rates at their current levels later this month. The unemployment rate decreased to 4.4% last month, down from a revised 4.5% in November, according to the U.S. Labor Department’s report Read More
The U.S. dollar strengthened at the beginning of the Asian session on Friday, as market participants anticipated the upcoming release of the latest U.S. jobs report and prepared for an impending U.S. Supreme Court ruling regarding President Donald Trump’s utilization of emergency tariff powers. The dollar index, reflecting the strength of the greenback against a Read More
The dollar appeared poised for a third consecutive day of gains on Thursday, although the mixed signals from U.S. economic data prompted a degree of caution in the markets in anticipation of Friday’s nonfarm payrolls report. Data released on Thursday indicated that the U.S. labor market seems to be entrenched in a “no hire, no Read More
The dollar exhibited stability on Thursday as market participants assessed a range of data indicating that the U.S. economy is in a precarious state ahead of an important jobs report on Friday, while escalating geopolitical tensions maintained a cautious sentiment. The euro maintained its position at $1.1678 during early Asian trading hours, indicating a slight Read More
