The dollar’s advance stalled on Thursday following a generally benign U.S. inflation reading overnight, which prompted traders to reduce their expectations for a near-term Federal Reserve interest rate hike. As of Asia’s midday, the US dollar had barely moved against the yen, but it was still expected to recover roughly 1% this week as markets Read More
The breakdown of negotiations between the US and Iran, coupled with the US’s threat to block Iranian ports, signifies an escalation in the conflict that the markets did not foresee. Equities and bonds are experiencing a decline, while the dollar shows a general strengthening trend. However, to date, the actions seem to be measured. Iranian Read More
The US dollar is experiencing a reduction in this week’s gains against the majority of G10 currencies today. The Australian dollar has rebounded from a two-week low established earlier today and stands out as the sole G10 currency to appreciate against the greenback this week. The Reserve Bank of Australia increased interest rates earlier this Read More
