The dollar rose to multi-month highs on Friday as investors sought protection amid escalating Middle East conflict and uncertainty about deescalation. After another rollercoaster week, U.S. President Donald Trump again paused strikes against Iran’s energy facilities into April, despite Washington and Tehran’s conflicting diplomatic progress reports. As reported on Thursday that the Pentagon may send Read More
The dollar declined from multi-month peaks this week as rising energy prices disrupted the forecast for global interest rates, leaving the U.S. Federal Reserve as the sole major central bank not anticipated to raise rates this year. Prior to the onset of the U.S.-Israeli conflict with Iran at the end of February, market participants anticipated Read More
The US dollar experienced a significant rally during the Federal Reserve’s press conference yesterday, as interest rates surged in reaction to what many interpreted as a hawkish stance, particularly in light of Chair Powell’s framing. Today, there has been a lack of significant dollar sales, yet the technical damage sustained across numerous pairs remains unrectified. Read More
The dollar remained close to a 10-month high on Monday, marking a cautious beginning to the week, as investors prepared for a series of central bank meetings amid the ongoing U.S.-Israel conflict concerning Iran. This week, a minimum of eight central banks, such as the U.S. Federal Reserve, the European Central Bank, the Bank of Read More
The dollar was set on Friday to conclude its most robust weekly performance since October, supported by a series of better-than-anticipated economic indicators, a more aggressive stance from the Federal Reserve, and ongoing tensions between the U.S. and Iran that kept markets unsettled. Overnight, the dollar received an additional boost as data revealed that the Read More
The North American market experienced a decline in the dollar on Tuesday, yet there was minimal subsequent selling activity. Yesterday, the dollar was in demand in North America, and rather than countering this trend, European operators, more so than those in the Asia Pacific, have contributed to the greenback’s continued appreciation. The relatively hawkish FOMC Read More
The dollar rebounded from recent lows on Thursday, maintaining its upward momentum following the release of minutes from the Federal Reserve. The documents indicated that policymakers are not in a hurry to reduce interest rates, with several members expressing willingness to consider rate hikes if inflation remains persistent. U.S. yields experienced an uptick, while the Read More
The dollar maintained its position on Wednesday as geopolitical uncertainties kept markets cautious, with investors looking ahead to the Federal Reserve’s minutes for indications regarding potential future rate cuts. The yen remained stable following data that indicated a recovery in Japanese manufacturer sentiment, alongside President Donald Trump’s announcement regarding the initial phase of significant investments Read More
The dollar maintained its strength on Tuesday as markets anticipated signals, expected later this week, regarding the possible timing of rate cuts by the Federal Reserve. The yen reduced its losses from the previous day as disappointing Japanese economic data heightened expectations for increased government stimulus measures. The Australian dollar dipped following the publication of Read More
The US dollar remains strong against the G10 currencies as we approach the release of the US January CPI. The week commenced with reports indicating that Chinese officials were advocating for a reduction in exposure to US Treasuries. Supported by better-than-anticipated employment figures for January, the dollar reduced its declines. In a surprising turn of Read More
