In Asia, trade was relatively quiet on Thursday, but the dollar remained at its highest level in 18 months as hawkish minutes from the US Federal Open Market Committee indicated that policymakers saw inflation as the largest threat to their outlook. Following a 0.3% increase on Wednesday, the dollar index remained unchanged at 102.25, indicating Read More
The dollar remained close to a two-month peak on Thursday, bolstered by a sustained increase in US Treasury yields, which were partly influenced by worries regarding ongoing global price pressures arising from the conflict in the Middle East. Data indicating that US inflation increased less than anticipated in August, coupled with downward adjustments to July’s Read More
The dollar was poised for its first consecutive weekly gains in over three months on Friday, as rising Treasury yields and increasing expectations of additional Federal Reserve rate hikes maintained the greenback close to multi-month highs. The strength of the dollar has driven the euro down to a two-month low of $1.1370, positioning it for Read More
As rising oil prices increased Treasury yields and strengthened anticipation that the Federal Reserve will hike interest rates this week, the dollar edged up to trade close to a two-week high on Tuesday. It also gained support as risk appetite diminished following the decline in stock markets, with AI-related shares facing pressure after industry leaders Read More
The yen’s surge that commenced in the middle of last week persisted today. The greenback declined from above JPY160 to just under JPY153 today, marking its lowest level in seven months. There remains a lack of evidence indicating any official intervention. The swaps market persists in pricing in a rate hike for next week, with Read More
The dollar maintained its position close to a two-week high on Monday as market participants increased their expectations for a rate hike following hawkish comments from Federal Reserve Chair Kevin Warsh and escalating tensions in the Gulf region. Meanwhile, the yen faced challenges near the significant 160-per-dollar threshold. The U.S. central bank will “have work Read More
The U.S. dollar exhibited limited fluctuations on Thursday in anticipation of the Jackson Hole symposium, while the yen remained stable following comments from a Bank of Japan policymaker, who did not dismiss the possibility of a rate hike next month but refrained from providing a clear indication of such a move. The euro appreciated by Read More
The dollar exhibited a rangebound performance during early Asian trading on Wednesday, as a sense of uneasy calm permeated the currency markets. Investors are poised for inflation reports from significant economies, including the U.S., in anticipation of the Jackson Hole symposium scheduled for this weekend. The greenback remained confined within the narrow trading range it Read More
The U.S. dollar faced challenges in maintaining its gains against major counterparts on Tuesday, as investors analysed Washington’s broadened sanctions related to Iran and the renewed initiatives aimed at alleviating pressure on longer-dated Treasury yields. The euro was a shade higher at $1.1668, hovering near a three-month peak hit last week, while sterling was 0.1% Read More
The U.S. dollar hovered close to multi-month lows against major peers on Wednesday as Treasury yields receded from recent highs, with investors anticipating the minutes of the Federal Reserve’s latest policy meeting for insights into the trajectory of interest rates. The euro inched higher to $1.1577, remaining close to the two-month high reached earlier this Read More
