The dollar rebounded from recent lows on Thursday, maintaining its upward momentum following the release of minutes from the Federal Reserve. The documents indicated that policymakers are not in a hurry to reduce interest rates, with several members expressing willingness to consider rate hikes if inflation remains persistent. U.S. yields experienced an uptick, while the Read More
The US dollar experienced a decline to new session lows against multiple currency pairs late in the North American afternoon yesterday; however, there has been minimal continuation of this trend today. The dollar shows strength against the majority of G10 currencies today amid low trading volumes. The key points feature an unanticipated dovish stance maintained Read More
The US dollar exhibits a varied performance against the G10 currencies. The positive response to Japan’s five-year bond auction contributed to the ongoing rally in JGBs. Even with the lower yields, the yen’s approximately 0.25% increase positions it as the leading performer among G10 currencies today. In anticipation of a hawkish hold by the Reserve Read More
The dollar faced challenges on Wednesday, especially in relation to the Japanese yen and Australian dollar, as traders expressed concerns over potentially disappointing U.S. payrolls data. Nonfarm payrolls are expected to have risen by 70,000 last month, following a 50,000 increase in December, according to a survey of economists. A significant deviation from these projections, Read More
The US dollar is experiencing a reduction in this week’s gains against the majority of G10 currencies today. The Australian dollar has rebounded from a two-week low established earlier today and stands out as the sole G10 currency to appreciate against the greenback this week. The Reserve Bank of Australia increased interest rates earlier this Read More
The various elements at play, coupled with Japan’s finance minister’s appeal for market stability, appeared to have a positive effect. Japan’s 30- and 40-year yields decreased by approximately 15 basis points today following yesterday’s increase. The capital markets exhibit a delicate tranquility today, with the dollar primarily stabilizing against the G10 currencies. In the meantime, 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 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 maintained its strength against major currencies as market participants prepared for upcoming central bank decisions in Britain, Europe, and Japan. Sterling continued to trade lower following an unexpected decline in UK inflation, reinforcing the argument for a potential rate cut by the Bank of England. The yen reduced its losses from the prior Read More
The US Dollar is demonstrating ongoing weakness as it nears its third straight weekly drop on Friday. The anticipation of rate cuts by the US Federal Reserve in the upcoming year continues to apply downward pressure on the USD compared to its six main currency counterparts, as market participants get ready for the upcoming statements Read More
