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
On Wednesday, the dollar continued its decline from its two-week high as inflation data came in lower than expected, dampening expectations of a rate hike from the Federal Reserve soon. This was amid worries that rising oil costs could lead to inflation. Against the yen, the dollar fetched 162.08, reflecting a decline of 0.1%. The 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
The US dollar exhibits a mixed performance. The Japanese government has reportedly decided against a formal overhaul of the allocation of the government’s pension funds, contrary to prior indications before the weekend. As a result, both the yen and JGBs are experiencing a softer performance today. Since last week’s hawkish hold by the Reserve Bank Read More
The dollar appreciated against the majority of its counterparts as a resurgence of conflict in the Middle East heightened inflation concerns and increased the likelihood of interest rate increases by central banks worldwide. Against Japan’s currency, the dollar appreciated by 0.2% to reach 162.075 yen. The euro depreciated by 0.1%, settling at $1.1397, whereas the Read More
The dollar maintained its position on Thursday as markets anticipated crucial U.S. non-farm payrolls data. Meanwhile, the yen’s decline to 40-year lows against the dollar, coupled with thin trading in advance of a U.S. holiday, kept traders vigilant for potential intervention. The dollar index, which measures the greenback against a basket of currencies including the Read More
The recent rebound of the U.S. dollar is expected to diminish in the coming months, as declining oil prices alleviate inflation concerns and reduce expectations for Federal Reserve rate hikes, according to a majority of foreign exchange strategists surveyed in a poll. However, a significant minority believes that the dollar’s strength is likely to persist. Read More
The robust appreciation of the dollar observed in recent days is currently undergoing consolidation. The G10 currencies are exhibiting limited fluctuations within narrow ranges. Most of them are approximately 0.1%. The New Zealand dollar and Norwegian krone have experienced a slight decline. The Canadian dollar is poised to potentially prolong its decline for the 11th Read More
The US Dollar’s rally is extending today; however, the market exhibits caution regarding potential intervention by Japanese officials. The Dollar Index has remained stable since last Tuesday. It has increased by slightly over 2% following the Federal Reserve’s hawkish stance announced last week. For the second consecutive session, the dollar is appreciating, despite the absence Read More
Conflicting news from the Middle East initially elevated oil prices and dampened risk-taking appetites; however, US-Iran negotiations persist, with both parties indicating progress. Oil prices have retreated. The dollar is predominantly stronger, yet it has maintained its position above last week’s lows relative to the euro and sterling. The yen halted a five-day decline ahead Read More
