The U.S. dollar maintained its position at a one-month high on Tuesday as traders assessed a narrow yet persistent possibility of a rate hike at the Federal Reserve’s forthcoming meeting, despite declining oil prices alleviating some inflationary concerns. The dollar index, which measures the greenback against a basket of currencies including the yen and 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 US Dollar Index has experienced a decline, settling at approximately 101.00 during the early European session on Thursday. The DXY maintains a bullish sentiment above the 100-day SMA on the daily chart. The first upside barrier emerges at 101.45; the initial support level to watch is 100.60. The US Dollar Index, an index of Read More
The US Dollar Index has softened to approximately 101.15 during the Asian session on Wednesday. Market expectations indicate that the Federal Reserve is likely to maintain its current policy in the upcoming week, as evidenced by Fed funds futures reflecting an approximate 74.9% probability of this outcome. Houthi rebels have issued a warning regarding the Read More
There appears to be a state of anxious tranquillity in the foreign exchange market. The US dollar is predominantly trading within narrow ranges, exhibiting minimal changes in levels. The euro is currently experiencing a range of approximately 15 ticks, while the greenback is limited to a movement of less than a quarter of a yen. Read More
The U.S. dollar remained close to a one-month low on Thursday, as subdued inflation data bolstered expectations that the Federal Reserve may maintain a patient approach regarding interest rate increases. Meanwhile, the intensification of hostilities in the Middle East introduced additional upside risks to the inflation outlook. The greenback slipped against the Japanese yen for Read More
The US dollar is predominantly stronger today, yet remains largely confined within the established ranges observed recently against the majority of G10 currencies. The news stream is relatively sparse; however, the United States has intensified its military actions against Iran, and August WTI has returned to approximately $80 per barrel. The eurozone’s May industrial output Read More
The dollar steadied on Tuesday ahead of U.S. inflation data, with tensions in the Middle East lifting oil prices. Meanwhile, the yen maintained a soft tone amid caution regarding potential intervention and following policymakers’ remarks on state pension fund allocations. The dollar index, which measures the greenback against a basket of currencies including the yen Read More
With the uncertainty of the current geopolitical landscape, the US dollar is primarily stabilising, exhibiting a weaker tendency against the G10 currencies. Outside of the New Zealand dollar, which continues to benefit from yesterday’s rate hike, and the Canadian dollar, exhibiting slight weakness, the remaining G10 currencies are experiencing gains of less than 0.15% as Read More
The U.S. dollar stabilised close to a two-week low on Monday as investors reduced their expectations for a Federal Reserve rate increase this year, while the yen remained close to a 40-year low, leaving investors apprehensive about potential actions from Tokyo. The euro was at $1.1435, not far from its strongest level in two weeks, Read More
