The dollar edged lower on Thursday following a decisive victory by Democrats in the US midterm elections, which alleviated a significant source of uncertainty and spurred a rally in global equities. The yen strengthened following the release of minutes from the Bank of Japan’s September meeting, which bolstered expectations for additional interest rate hikes. Meanwhile, Read More
The dollar and other major currencies remained stable on Monday as investors focused on this week’s US midterm elections, which have the potential to alter the balance of power in Congress and influence control over federal finances. In the realm of cryptocurrencies, bitcoin and ether are experiencing declines in value subsequent to the unprecedented $6.3 Read More
Major currencies exhibited limited fluctuations on Monday, marking the onset of a week characterised by significant central bank deliberations and corporate earnings reports. Concurrently, a decline in oil prices and Treasury yields exerted downward pressure on the dollar. Oil prices have softened, with Brent crude futures declining over 1% to approximately $115 a barrel after Read More
The US dollar experienced fluctuations at the onset of trading on Tuesday, as a modest rebound in investor confidence supported higher-yielding currencies. However, escalating political risks in Europe persisted in challenging traders’ composure. The euro maintained its position at $1.1216, whereas the British pound experienced a modest increase of 0.1%, reaching $1.3308. The Australian dollar Read More
The dollar edged up from near its lowest levels of the month at the start of trading in Asia on Monday as violent protests in France put pressure on the euro. The euro declined by 0.1% to $1.1225 as trading commenced in Asia. The largest component of the dollar index, the decline of the common Read More
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
