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
Trump issued a “last chance” diplomacy warning to Iran; however, Tehran promptly dismissed the proposal. Iranian military leadership has issued threats to foreign warships, asserting their refusal to allow a second corridor in the Strait. Fed Official Williams expressed confidence that current interest rates are appropriately set to reduce inflation to 2%. The US Dollar Read More
The US Dollar Index has softened to approximately 99.70 during the Asian session on Monday. Trump announced that new discussions regarding Iran would commence on Monday, following his decision to cancel a scheduled military strike on the country. On Friday, attention will be focused on the US Non-Farm Payroll data. The US Dollar Index, an Read More
The Federal Reserve’s hesitance to implement measures, despite commitments to adhere to the inflation target that has remained unmet for over five years, has exerted downward pressure on the dollar.Then yesterday, it seems that Japanese officials may have intervened in the foreign exchange market, and as was the case earlier this year, the Federal Reserve Read More
