The dollar maintained its position on Thursday as markets anticipated crucial U.S. non-farm payrolls data. Meanwhile, the yen’s decline to 40-year lows against the dollar, coupled with thin trading in advance of a U.S. holiday, kept traders vigilant for potential intervention. The dollar index, which measures the greenback against a basket of currencies including the Read More
The US Dollar Index is experiencing an upward trend, reaching approximately 101.30 during the early European session on Tuesday. Increasing probabilities of interest rate hikes in the United States, coupled with a positive outlook on the American economy, bolster the DXY. Traders prepare for the imminent release of the US June jobs report, scheduled for Read More
The US Dollar Index may experience an increase as traders incorporate the Federal Reserve’s hawkish policy outlook into their pricing strategies. The Greenback may weaken as the easing of safe-haven demand follows an initial peace agreement between the US and Iran. CENTCOM has removed all maritime restrictions on traffic moving to and from Iranian ports Read More
The Federal Reserve executed a hawkish hold yesterday. The increase in US rates has catalysed a notable appreciation of the dollar, which has continued to gain ground slightly today. The new Fed chair garnered predominantly positive evaluations and undermined the narratives that depicted him as subservient to the president’s preferences. He consistently emphasised his and Read More
The U.S. dollar maintained its position at a more than two-month high on Thursday following a hawkish hold that spurred expectations for rate hikes, even in the context of a U.S.-Iran deal. Meanwhile, the weakness of the yen prompted new verbal warnings from Japanese officials. The U.S. central bank maintained its interest rates within the Read More
Preparations for the Federal Reserve’s first policy decision under Chair Kevin Warsh weighed on Wednesday, causing the dollar to weaken. Risk appetite was supported by residual optimism over an interim U.S.-Iran peace accord, which dampened demand for the U.S. currency. The yen found little respite against a weaker greenback and teetered further into intervention territory, Read More
The dollar remained close to its 10-day lows on Tuesday, as a deal to conclude the Iran war enhanced risk appetite. Meanwhile, the yen hovered near the significant 160 level following the Bank of Japan’s rate hike, a move that was widely anticipated to address inflationary pressures stemming from the conflict. U.S. President Donald Trump Read More
The U.S. dollar reached a 10-day low against its major counterparts on Monday, following a preliminary agreement aimed at concluding the conflict between the U.S. and Iran. This development led to a decline in oil prices and an increased appetite for riskier assets. U.S. and Iranian officials announced on Sunday that they have reached an Read More
The U.S. dollar experienced fluctuations on Thursday due to new U.S. strikes in the Middle East, which negatively impacted market sentiment. Additionally, a spike in May U.S. consumer inflation reaching a three-year high contributed to investor apprehension regarding the Federal Reserve’s monetary policy outlook. The currency markets have exhibited a subdued performance this week, as Read More
The dollar maintained its position against major counterparts on Wednesday following the United States’ military actions in Iran, as investors looked ahead to crucial U.S. inflation figures for insights into the Federal Reserve’s policy direction. The U.S. military on Tuesday initiated strikes against Iran following President Donald Trump’s assertion that Tehran had downed a U.S. Read More
