The US dollar traded close to a 1-1/2-year high against the euro and a seven-month high against the Australian dollar on Monday, following a significant surge on Friday, the largest in nearly six months, driven by strong US jobs data that increased expectations for higher interest rates. New Zealand’s currency rebounded from a seven-month low Read More
The dollar edged lower on Thursday following a decisive victory by Democrats in the US midterm elections, which alleviated a significant source of uncertainty and spurred a rally in global equities. The yen strengthened following the release of minutes from the Bank of Japan’s September meeting, which bolstered expectations for additional interest rate hikes. Meanwhile, Read More
The dollar was on the defensive on Tuesday in markets cautious about US-Iran tension ahead of midterm elections, while the Aussie dipped after the Reserve Bank of Australia hiked rates as expected. Oil prices experienced a modest increase during early Asian trading, with Brent crude futures rising by 0.5% to $105.25, partially recovering from Monday’s Read More
The dollar and other major currencies remained stable on Monday as investors focused on this week’s US midterm elections, which have the potential to alter the balance of power in Congress and influence control over federal finances. In the realm of cryptocurrencies, bitcoin and ether are experiencing declines in value subsequent to the unprecedented $6.3 Read More
The US dollar maintained its strength on Wednesday, reaching a two-week peak in anticipation of policy decisions from various central banks, including the Federal Reserve. In contrast, the kiwi dollar experienced a significant decline following the unexpected decision of the country’s central bank to keep interest rates unchanged. Most of the dollar’s counterparts exhibited little Read More
The US dollar continued to face downward pressure on Wednesday, following a decline to a three-week low in the prior session. This was attributed to a decrease in Treasury yields and crude oil prices, which diminished the currency’s attractiveness. The Australian dollar hovered close to a three-week high against the greenback, as Reserve Bank of Read More
The US dollar experienced fluctuations at the onset of trading on Tuesday, as a modest rebound in investor confidence supported higher-yielding currencies. However, escalating political risks in Europe persisted in challenging traders’ composure. The euro maintained its position at $1.1216, whereas the British pound experienced a modest increase of 0.1%, reaching $1.3308. The Australian dollar Read More
The dollar edged up from near its lowest levels of the month at the start of trading in Asia on Monday as violent protests in France put pressure on the euro. The euro declined by 0.1% to $1.1225 as trading commenced in Asia. The largest component of the dollar index, the decline of the common Read More
The dollar languished on Wednesday as traders awaited fresh signals regarding the timing of interest rate hikes to address ongoing inflationary pressures. The greenback weakened from an 18-month high in the previous session as oil prices eased and investors reassessed the AI-fueled rally that has supported demand for US assets. The euro maintained its gains Read More
The dollar retreated in Asian trade on Tuesday following a holiday in certain US markets, while bond yields and oil prices experienced a decline, coinciding with a downturn in global stocks. The US dollar index, reflecting the greenback’s strength against a basket of six currencies, declined by 0.2% to 102.39, faltering as it neared its Read More
