The U.S. dollar experienced a slight increase on Tuesday but faced challenges in building momentum. Traders stayed vigilant for possible coordinated currency intervention by authorities in the United States and Japan, while also anticipating Wednesday’s Federal Reserve interest rate decision. The recent attention in the foreign exchange market has centered on the yen, which has Read More
The US Dollar experienced significant selling pressure at the beginning of yesterday’s trading session. The apprehension surrounding joint intervention follows the pre-weekend Fed assessment of rates, seemingly conducted for the benefit of the US Treasury, and highlighted by remarks from Japanese officials, including Prime Minister Takaichi. In the meantime, a further unfortunate death linked to Read More
On Friday, the yen experienced a sudden strengthening, prompting market speculation regarding a possible rate check by authorities, which is frequently seen as a precursor to intervention. Meanwhile, the dollar was on track for its most significant weekly decline since June, as geopolitical tensions continued to unsettle investors. The yen was last observed slightly stronger Read More
The two sources of strain on the global capital markets have diminished. President Trump has retreated from military threats regarding Greenland and has decided against proceeding with the tariff threat on European countries set for February 1. Following a significant sell-off on Tuesday, reminiscent of the events in the UK during Prime Minister Truss’s tenure, Read More
The U.S. dollar maintained its overnight gains against major currencies on Thursday following President Donald Trump’s decision to retract a threat of tariffs on several European NATO countries, highlighting the framework of an agreement with NATO regarding control of Greenland. The safe-harbour Swiss franc faced pressure, declining significantly from a three-week high, as gold also Read More
The dollar exhibits a generally softer stance, yet the consolidative tone remains intact. The yen stands out as the significant exception. Japanese officials have escalated their intervention measures, issuing stronger warnings. The market initially pushed the dollar’s gains to JPY159.45 before traders took some profits, resulting in a decline to approximately JPY158.60. The market appears Read More
The dollar remained within narrow ranges on Wednesday as market participants awaited a series of U.S. economic reports that may influence the Federal Reserve’s interest rate perspective, a factor deemed more significant for currency movements than the current geopolitical issues. Markets have largely overlooked the escalating geopolitical tensions globally, as evidenced by the rally in 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
