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
The dollar experienced a slight increase on Friday; however, it remained on track for its third consecutive weekly decline, impacted by the anticipation of rate cuts in the upcoming year. The dollar index, which measures the U.S. currency against six others, increased by 0.16% to 98.48, rebounding from a two-month low reached on Thursday, yet Read More
The dollar experienced a decline following the FOMC decision announced yesterday. Today, there has been a notable absence of significant follow-through selling in both the Asian and European markets. The dollar exhibits a varied performance as market participants in North America resume trading activities. The Swiss franc has emerged as the strongest currency following the Read More
The results of the FOMC meeting are the primary point of interest today. Given that the market is pricing in at least two cuts next year, in contrast to the median projection from September which suggested that only one cut would be suitable, it is challenging to avoid expecting a hawkish cut. The dollar has Read More
The US dollar is exhibiting a somewhat weaker stance against the G10 currencies today. The yen stands out as it is currently trading at a seven-day low against the greenback. The Scandinavian currencies and the Australian dollar are performing the strongest. The Reserve Bank of Australia maintained a firm stance. Governor Bullock’s remarks prompted the Read More
The US dollar is primarily stabilizing in low-volume trading against the G10 currencies as the new week begins, with expectations mounting for the Federal Reserve to implement a third interest rate cut. The Reserve Bank of Australia convenes tomorrow, and there is anticipation that it may indicate its forthcoming decision is an increase. The Bank Read More
The US Dollar is experiencing slight softness today, primarily maintaining the levels established in yesterday’s trading against the G10 currencies. The Australian dollar is at the forefront, achieving its highest level since September 18. The market has, however, dismissed unexpected data: a notable increase in German factory orders alongside a disappointing decline in household spending Read More
The US dollar is showing signs of stabilization against the majority of G10 currencies today following its recent downturn. As the North American markets prepare to open, the greenback is showing slight gains against the G10 currencies, with the exception of the Japanese yen and Australian dollar. The flow of news is minimal. The market Read More
The euro reached a nearly seven-week peak against the dollar on Wednesday, supported by data indicating growth in euro zone business activity. In contrast, disappointing U.S. jobs data and anticipations of additional U.S. rate cuts exerted pressure on the dollar. In November, business activity in the euro zone experienced its most rapid growth in two-and-a-half Read More
The US dollar is experiencing pressure today. The recent stronger final PMI readings from Europe, coupled with a decline in US yields, have resulted in the greenback trading below last month’s lows against multiple G10 currencies. Even in instances where the data fell short, such as Australia’s Q3 GDP or Switzerland’s CPI, the currencies are Read More
