The dollar maintained its strength against major currencies as market participants prepared for upcoming central bank decisions in Britain, Europe, and Japan. Sterling continued to trade lower following an unexpected decline in UK inflation, reinforcing the argument for a potential rate cut by the Bank of England. The yen reduced its losses from the prior Read More
A soft-looking set of US jobs data yesterday caused the US Dollar Index to decline to its lowest levels since early October. The significant decline in energy prices is likely to benefit the energy-importing currencies across Europe and Asia. Today, the German Ifo may underperform in accordance with the local PMI releases, and a speech Read More
The U.S. dollar weakened, approaching a two-month low at the beginning of the Asian trading session on Tuesday, as market participants anticipated the release of various economic data, including the postponed November U.S. jobs report. The dollar index, which assesses the currency’s strength relative to a group of six major competitors, decreased by 0.2% to Read More
The dollar experienced a slight increase on Friday; however, it remained on track for its third consecutive weekly decline, impacted by the anticipation of rate cuts in the upcoming year. The dollar index, which measures the U.S. currency against six others, increased by 0.16% to 98.48, rebounding from a two-month low reached on Thursday, yet Read More
The results of the FOMC meeting are the primary point of interest today. Given that the market is pricing in at least two cuts next year, in contrast to the median projection from September which suggested that only one cut would be suitable, it is challenging to avoid expecting a hawkish cut. The dollar has Read More
The US dollar is exhibiting a somewhat weaker stance against the G10 currencies today. The yen stands out as it is currently trading at a seven-day low against the greenback. The Scandinavian currencies and the Australian dollar are performing the strongest. The Reserve Bank of Australia maintained a firm stance. Governor Bullock’s remarks prompted the Read More
The US dollar is primarily stabilizing in low-volume trading against the G10 currencies as the new week begins, with expectations mounting for the Federal Reserve to implement a third interest rate cut. The Reserve Bank of Australia convenes tomorrow, and there is anticipation that it may indicate its forthcoming decision is an increase. The Bank Read More
The U.S. dollar experienced an increase against major currencies on Monday amid volatile trading conditions, as the market anticipates a week filled with central bank meetings, particularly focusing on the Federal Reserve. An interest rate cut is largely anticipated; however, investors are preparing for indications of a more gradual easing cycle than previously expected. The Read More
The US Dollar is experiencing slight softness today, primarily maintaining the levels established in yesterday’s trading against the G10 currencies. The Australian dollar is at the forefront, achieving its highest level since September 18. The market has, however, dismissed unexpected data: a notable increase in German factory orders alongside a disappointing decline in household spending Read More
The U.S. dollar remained close to a five-week low against its major counterparts on Friday as investors prepared for a Federal Reserve rate cut anticipated next week. Markets are anticipating a quarter point reduction during the upcoming Federal Open Market Committee meeting on December 9-10, with particular attention on any indications regarding the extent of Read More
