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
The US Dollar Index has strengthened to approximately 100.45 during the early European session on Tuesday. Fed policymakers indicated the possibility of an additional rate increase prior to year-end, which bolstered the DXY. Market participants are closely monitoring the situation regarding potential discussions between the US and Iran. The US Dollar Index, an index of Read More
The US Dollar Index experienced a rally subsequent to a 25-basis-point increase, establishing a target range of 3.75%-4.00%. Fed Chair Warsh highlighted elevated inflation levels, with markets assigning a 49.8% likelihood to an interest rate hike in October. Maintaining positions above the critical nine- and 50-day EMAs indicates a positive short-term outlook, reinforcing a favourable Read More
The dollar was maintaining its recent gains on Wednesday, trading close to multi-week highs against several major peers in anticipation of a Federal Reserve decision that traders expect will initiate the first of several potential U.S. interest rate hikes. The dollar has appreciated this week in tandem with rising yields, making significant gains against the Read More
The US Dollar Index has experienced a decline, settling at approximately 99.90 during the Asian session on Friday. The US PPI inflation remained stable in July, bolstering expectations that the Fed will abstain from increasing interest rates in the upcoming month. Fed’s Barkin stated that a rate hike remains a ‘open question.’ The US Dollar Read More
A surging dollar has surpassed chart resistance and is on track for its most significant monthly gain in nearly a year on Thursday, as traders anticipate a robust U.S. economy supporting short-term interest rates while awaiting crucial inflation data. The dollar has surpassed the $1.14 threshold against the euro this week, reaching its peak in Read More
The U.S. dollar maintained its position at a more than two-month high on Thursday following a hawkish hold that spurred expectations for rate hikes, even in the context of a U.S.-Iran deal. Meanwhile, the weakness of the yen prompted new verbal warnings from Japanese officials. The U.S. central bank maintained its interest rates within the Read More
The dollar maintained its position against major counterparts on Wednesday following the United States’ military actions in Iran, as investors looked ahead to crucial U.S. inflation figures for insights into the Federal Reserve’s policy direction. The U.S. military on Tuesday initiated strikes against Iran following President Donald Trump’s assertion that Tehran had downed a U.S. Read More
The U.S. dollar maintained its position on Monday following a weekly decline, as market participants monitored developments in peace negotiations in the Middle East and anticipated indications regarding the timing of central bank actions. The six-currency dollar index experienced a slight decline last week amid optimism regarding a potential agreement between the United States and Read More
The dollar experienced an uptick due to heightened U.S. Treasury yields on Thursday, as market participants speculated on the likelihood of a Federal Reserve rate increase this year. Concurrently, a stalemate between the U.S. and Iran regarding the conflict in the Middle East prompted increased safe-haven inflows. The international spotlight was directed towards a much-anticipated Read More
