The US dollar continued to trade at a lower level on Wednesday, following a reduction in stress within European bond markets. Market participants are now focused on the upcoming release of Federal Reserve minutes and speeches from its policymakers, seeking indications regarding a possible rate hike. The euro experienced its most significant increase in seven 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 hovered near a two-month high on Tuesday as volatile oil prices and a rapid climb in Treasury yields provided support. However, gains were constrained as traders awaited US data this week for insights into the Federal Reserve’s rate trajectory. The euro traded close to its lowest point in three months at $1.1367 following Read More
The dollar maintained its position at a two-month high on Thursday, following a robust manufacturing report that rekindled concerns over inflation and increased expectations for interest rate hikes. Additionally, a lacklustre Treasury auction resulted in rising yields across the curve, further bolstering the US currency. The broad dollar strength pushed the euro to $1.1378, a Read More
The dollar exhibited strength on Tuesday as renewed Gulf attacks triggered a global bond selloff and heightened inflation concerns, while the yen fell below 160 per dollar once more, despite increasing pressure on the Bank of Japan to consider raising interest rates. U.S. President Donald Trump issued threats of additional strikes against Iran following the Read More
The U.S. dollar remained close to a two-month low against major currencies on Monday as investors anticipated this week’s inflation data for insights into the Federal Reserve’s interest rate trajectory. The euro edged higher to $1.1558, hovering near its strongest level since mid-June, while sterling remained steady at $1.3490, close to a five-week peak. The Read More
The dollar strengthened alongside U.S. Treasury yields on Friday, maintaining its position near a 40-year high against the yen. This movement was influenced by a surge in oil prices and the resurgence of a global trade war, which heightened concerns regarding inflation. Sterling languished around a three-week low, trading at $1.3313 in early Asia, following Read More
The dollar appreciated against the majority of its counterparts as a resurgence of conflict in the Middle East heightened inflation concerns and increased the likelihood of interest rate increases by central banks worldwide. Against Japan’s currency, the dollar appreciated by 0.2% to reach 162.075 yen. The euro depreciated by 0.1%, settling at $1.1397, whereas the Read More
The U.S. dollar remained close to a two-month high on Tuesday, strengthening against most major currencies as uncertainty in the Middle East dampened risk appetite and traders increased their expectations for a Federal Reserve rate hike later this year. On Monday, Iran and Israel ceased their attacks on one another following a request from U.S. Read More
The dollar advanced alongside U.S. Treasury yields on Friday, positioning itself for its most significant weekly increase in over two months, as rising inflationary pressures from elevated energy prices bolstered expectations of a Federal Reserve rate hike this year. Markets were closely monitoring the second day of a summit between U.S. President Donald Trump and Read More
