The US dollar is experiencing a modest decline against the G10 currencies, with the exception of the Japanese yen, as the North American trading session commences. The markets in China and Japan continue to observe a holiday period. In the wake of the Reserve Bank of Australia’s third rate hike of the year, the news Read More
In markets with reduced activity due to the holiday, the dollar is generally weaker as anticipation builds for North American leadership. Given the recent increase in the yen, and contrary to our prior expectations, it seems that Japanese officials took significant action yesterday. The intervention could have been approximately $34.5 billion (~JPY5.4 trillion), which, if Read More
The dollar remained close to its peak in over two weeks on Thursday, following a shift towards a more hawkish stance from certain Federal Reserve policymakers, which propelled yields to a one-month high. Meanwhile, the Japanese yen’s rise above 160 heightened concerns regarding potential intervention risks. Fed Chair Jerome Powell concluded his eight-year tenure with Read More
The euro is currently fluctuating within a narrow band, slightly exceeding a quarter-of-a-cent below $1.1720 today. In early North American trading yesterday, the euro encountered support just above the pre-weekend low, which coincided with the 200-day moving average, slightly below $1.1680. It experienced a slight recovery, settling just above $1.1715 as European markets concluded their Read More
The US Dollar Index remains stable around 99.00, positioning itself for a weekly increase of 0.4%. Escalating tensions between the US and Iran have prompted investors to return to the US Dollar. On Friday, US Defense Secretary Hegseth is scheduled to conduct a conference regarding the conflict in Iran. The US Dollar remains robust against Read More
The dollar maintained stability and momentarily reached a one-week peak during Asian trading on Wednesday, as doubts regarding U.S. President Donald Trump’s declaration of an indefinite ceasefire with Iran increased the appeal for the safe-haven currency. The remarks made by U.S. Federal Reserve nominee Kevin Warsh during a Senate confirmation hearing were perceived as somewhat Read More
The US Dollar Index is showing an upward trend, currently positioned around 98.30 during the Asian session on Monday. The second round of negotiations with the US has been dismissed by Iran. Market participants are anticipating the release of the US March Retail Sales data later on Tuesday. The US Dollar Index, an index of Read More
The Dollar Index failed to break its losing streak yesterday, extending it for the eighth consecutive session, thereby matching the longest decline since April 2011. The current trend could conclude today if the dollar maintains its upward momentum. In light of the stronger than anticipated GDP figures from the UK and China, along with a Read More
The U.S. dollar remained close to its lowest point since early March against major currencies on Thursday, as optimism from the White House regarding a peace deal with Iran lifted sentiment and prompted traders to move away from safe-haven positions. President Donald Trump stated that the U.S.-Israeli conflict with Iran was “close to over,” while Read More
The US dollar is exhibiting a stronger inclination today. The Dollar Index is poised to potentially end its seven-day downward trend. President Trump has suggested that the “war is close to over”. Recent days have shown an improved risk appetite, indicating that the market is anticipating this development. A new round of negotiations between the Read More
