The US Dollar is demonstrating ongoing weakness as it nears its third straight weekly drop on Friday. The anticipation of rate cuts by the US Federal Reserve in the upcoming year continues to apply downward pressure on the USD compared to its six main currency counterparts, as market participants get ready for the upcoming statements Read More
The dollar experienced a decline on Thursday following the Federal Reserve’s less aggressive stance than expected, which encouraged investors to short the currency in anticipation of two additional rate cuts in the upcoming year. The Fed, at the conclusion of its two-day policy meeting, lowered rates by 25 basis points as anticipated. However, remarks from Read More
The U.S. dollar strengthened on yesterday, driven by stronger-than-expected job-market data that highlighted a robust labor market in advance of the Federal Reserve’s expected rate cut. Policymakers are likely to focus on inflation risks that may limit additional easing measures. Markets are preparing for additional central bank decisions ahead of the weekend. On Tuesday, the Read More
The yen remained close to a 10-month low on Friday, yet received some support as Japanese officials intensified their verbal interventions to curb the currency’s drop, while the dollar was poised for its strongest week in over a month. The yen experienced a brief uptick in early Asian trading following comments from Japanese Finance Minister Read More
