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 Index may be on the verge of reaching a nearly 18-month high of 102.53, as noted on Monday. The 14-day Relative Strength Index at 75.6 indicates that the asset is currently in overbought territory. The primary support is positioned at the lower boundary of the ascending wedge, approximately 101.70. The US Dollar 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 US Dollar Index has strengthened to approximately 100.45 during the early European session on Tuesday. Fed policymakers indicated the possibility of an additional rate increase prior to year-end, which bolstered the DXY. Market participants are closely monitoring the situation regarding potential discussions between the US and Iran. The US Dollar Index, an index of Read More
The US Dollar Index experienced a rally subsequent to a 25-basis-point increase, establishing a target range of 3.75%-4.00%. Fed Chair Warsh highlighted elevated inflation levels, with markets assigning a 49.8% likelihood to an interest rate hike in October. Maintaining positions above the critical nine- and 50-day EMAs indicates a positive short-term outlook, reinforcing a favourable Read More
The dollar was maintaining its recent gains on Wednesday, trading close to multi-week highs against several major peers in anticipation of a Federal Reserve decision that traders expect will initiate the first of several potential U.S. interest rate hikes. The dollar has appreciated this week in tandem with rising yields, making significant gains against the Read More
The potential downside for the US Dollar Index may be limited as market participants are factoring in a 60% probability of a Federal Reserve rate increase, according to the CME FedWatch Tool. Rising oil prices exacerbate inflation concerns, contributing to the mitigation of losses for the Greenback. The upcoming US CPI and PPI inflation reports Read More
The US Dollar Index has experienced a decline, settling at approximately 99.50 during the Asian session on Monday. US retail sales decreased by 0.6% month-over-month in July, following a 0.2% increase in June. Discussions between the US and Iran aimed at addressing the Middle East conflict continue to be at an impasse. The US Dollar Read More
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 US Dollar Index experiences a decline as the demand for safe-haven assets diminishes, coinciding with increasing diplomatic efforts aimed at reopening the Strait of Hormuz. Rebounding 10-year US Treasury yields may constrain the downside potential of the Greenback in light of diminishing inflation risks. Fed’s Schmid characterised the current policy as “not tight,” cautioning Read More
