The U.S. dollar stabilised at the beginning of Asian trading on Thursday following the Federal Reserve’s decision to maintain its policy interest rate. Chair Kevin Warsh’s comments left markets uncertain regarding the resolution of divisions within the rate-setting committee. The dollar index, which measures the greenback’s strength against six currencies, nudged up 0.1% to 100.89 Read More
The dollar strengthened alongside U.S. Treasury yields on Friday, maintaining its position near a 40-year high against the yen. This movement was influenced by a surge in oil prices and the resurgence of a global trade war, which heightened concerns regarding inflation. Sterling languished around a three-week low, trading at $1.3313 in early Asia, following Read More
The US Dollar Index has experienced a decline, settling at approximately 101.00 during the early European session on Thursday. The DXY maintains a bullish sentiment above the 100-day SMA on the daily chart. The first upside barrier emerges at 101.45; the initial support level to watch is 100.60. The US Dollar Index, an index of Read More
The US Dollar Index has softened to approximately 101.15 during the Asian session on Wednesday. Market expectations indicate that the Federal Reserve is likely to maintain its current policy in the upcoming week, as evidenced by Fed funds futures reflecting an approximate 74.9% probability of this outcome. Houthi rebels have issued a warning regarding the Read More
The US dollar exhibits a mixed performance, yet predominantly shows strength, indicating a likely firm conclusion to the week. Japan’s finance minister issued a warning of potential “decisive action” if deemed necessary; however, the yen did not react accordingly. The yen has experienced its weakest performance for four out of the last five weeks, despite Read More
The dollar maintained its position on Friday, yet it was set to experience a weekly decline following a subdued U.S. inflation report this week, which prompted traders to reduce expectations for immediate rate hikes from the Federal Reserve. Meanwhile, escalating tensions in the Middle East dampened market sentiment. Iran and the United States engaged in Read More
The dollar steadied on Tuesday ahead of U.S. inflation data, with tensions in the Middle East lifting oil prices. Meanwhile, the yen maintained a soft tone amid caution regarding potential intervention and following policymakers’ remarks on state pension fund allocations. The dollar index, which measures the greenback against a basket of currencies including the yen Read More
With the uncertainty of the current geopolitical landscape, the US dollar is primarily stabilising, exhibiting a weaker tendency against the G10 currencies. Outside of the New Zealand dollar, which continues to benefit from yesterday’s rate hike, and the Canadian dollar, exhibiting slight weakness, the remaining G10 currencies are experiencing gains of less than 0.15% as Read More
The U.S. dollar maintained its strength against the majority of major currencies on Thursday, as renewed hostilities between the U.S. and Iran spurred safe-haven demand, while rising oil prices intensified expectations for interest rate increases, thereby exerting pressure on the Japanese yen. The dollar fetched 162.425 yen, remaining close to its strongest level in a Read More
The US dollar exhibits strength against the G10 currencies, with the exception of the Japanese yen.It is currently positioned around the JPY162 mark during the European morning, with options amounting to $2.2 billion set to expire later today. Germany reported a 0.9% rise in May industrial output, exceeding expectations and aligning with the largest increase Read More
