The dollar languished on Wednesday as traders awaited fresh signals regarding the timing of interest rate hikes to address ongoing inflationary pressures. The greenback weakened from an 18-month high in the previous session as oil prices eased and investors reassessed the AI-fueled rally that has supported demand for US assets. The euro maintained its gains Read More
The dollar retreated in Asian trade on Tuesday following a holiday in certain US markets, while bond yields and oil prices experienced a decline, coinciding with a downturn in global stocks. The US dollar index, reflecting the greenback’s strength against a basket of six currencies, declined by 0.2% to 102.39, faltering as it neared its Read More
The US dollar is on track for its third consecutive week of gains on Friday, standing at a 17-month high as a bond market rout has driven borrowing costs worldwide to multi-decade highs amid inflationary concerns stemming from rising oil prices. Investors faced significant turmoil on Thursday due to a pronounced global bond sell-off, which Read More
The dollar remained close to a two-month peak on Thursday, bolstered by a sustained increase in US Treasury yields, which were partly influenced by worries regarding ongoing global price pressures arising from the conflict in the Middle East. Data indicating that US inflation increased less than anticipated in August, coupled with downward adjustments to July’s Read More
The dollar was poised for its first consecutive weekly gains in over three months on Friday, as rising Treasury yields and increasing expectations of additional Federal Reserve rate hikes maintained the greenback close to multi-month highs. The strength of the dollar has driven the euro down to a two-month low of $1.1370, positioning it for Read More
The dollar remained stable close to its highest point in two months on Wednesday, driven by expectations of imminent interest rate increases. Concurrently, declining oil prices, fuelled by hopes for a diplomatic resolution to the ongoing conflict in the Middle East, contributed to a sense of unease among investors. The euro was at $1.1446 in Read More
The US Dollar Index experiences an uptick as market participants assign a 56.5% probability to the likelihood of an additional rate hike occurring in October. Fed Chair Kevin Warsh emphasises that enduring inflation continues to be excessively elevated, indicating the necessity for additional tightening measures. Kashkari emphasised that enduring inflation continues to be excessively elevated, Read More
The US Dollar Index posts modest gains around 100.30 on Friday as traders continue to assess the latest Federal Reserve rate hike and policy cues. On Wednesday, the US central bank opted to increase its benchmark interest rate by a quarter-percentage point, bringing it to a range of 3.75% to 4.00%. This marks the initial Read More
As rising oil prices increased Treasury yields and strengthened anticipation that the Federal Reserve will hike interest rates this week, the dollar edged up to trade close to a two-week high on Tuesday. It also gained support as risk appetite diminished following the decline in stock markets, with AI-related shares facing pressure after industry leaders Read More
The dollar strengthened on Monday, while the yen fluctuated close to a seven-month high as investors considered potential rate hikes from the Federal Reserve and the Bank of Japan later this week. Meanwhile, increasing oil prices, driven by the escalating conflict in the Gulf, tempered market sentiment. Global policymakers are contending with volatile pricing pressures Read More
