The dollar experienced a decline on Wednesday following private-sector U.S. jobs data that raised concerns regarding the labor market’s stability. Investors are also preparing for an upcoming U.S. government reopening, which is anticipated to release a backlog of economic data. Recently, payroll processor ADP reported that U.S. companies are eliminating over 11,000 jobs weekly as Read More
The U.S. dollar appreciated against the safe-haven yen and the growth-sensitive Australian dollar on Tuesday, as investors adopted a more cautious stance on risk and redirected their attention to forthcoming data anticipated after the conclusion of the U.S. government shutdown. In early Asian trade, the yen reached its lowest point since February, while the risk-sensitive Read More
The possible end of the longest US government shutdown in history in the near future has boosted risk appetites, leading to a widespread rise in equities while the dollar remains largely stable. The dollar exhibits mixed results when compared to the G10 currencies. The Japanese yen appears to have been negatively impacted by the rise Read More
The U.S. dollar appeared poised to conclude the week approximately stable on Friday, as market participants aimed to weigh the Federal Reserve’s aggressive stance against ongoing apprehensions regarding the U.S. economy. Meanwhile, investors were evaluating the implications of data that raised concerns about the global economic outlook: In October, Chinese exports experienced an unexpected decline, Read More
The dollar experienced a decline in early Asia trade on Friday, contributing to a downward trend among major currencies. Investors, faced with a lack of official data regarding the U.S. labor market, reacted to indications of weakness reflected in private sector surveys. The dollar index, which measures the greenback’s strength against a basket of six Read More
On Thursday, the U.S. dollar experienced a decline against the euro and Swiss franc for the second consecutive session, as data indicated a weakening U.S. labor market, which heightened expectations for another rate cut this year. Meanwhile, sterling appreciated following the Bank of England’s decision to maintain rates steady in anticipation of this month’s budget. Read More
The risk aversion that swept through foreign-exchange markets in Asia on Wednesday largely faded by the European morning, as the safe-haven yen lost its gains and Antipodean currencies strengthened. The Swiss franc maintained its strength, while the U.S. dollar exhibited stability during the session, following a peak not seen since April 1 at the close Read More
Tumbling equities and softer yields indicate a risk-off session. The US dollar, however, is predominantly stronger. In the context of G10 currencies, it required an additional round of verbal intervention and declining Treasury yields to enable the yen to withstand the dollar’s influence. Approximately 50% of currencies have declined by 0.5% or more, with the Read More
The dollar strengthened to a near three-month high on Monday as investors anticipated the release of data this week to assess the health of the U.S. economy and evaluate its potential impact on the Federal Reserve’s hawkish stance. The yen remained close to an 8-1/2-month low, influenced by significant interest rate differentials between the U.S. Read More
