On Friday, the major currencies in the foreign exchange market remained subdued amid thin year-end trading. The U.S. dollar lingered close to its 12-week lows as investors evaluated Japanese economic data and considered the implications of potential future interest rate cuts in the United States. Trading volumes in the Asian and European foreign exchange markets Read More
The U.S. dollar weakened on yesterday, as data indicating robust growth in the world’s largest economy did not alter the prevailing sentiment on a currency facing pressure from anticipated Federal Reserve interest rate cuts next year. The report reinforced expectations that the Fed will refrain from reducing rates at its late January meeting, with current Read More
The U.S. dollar was on track for its worst annual performance in over twenty years on Wednesday, as investors anticipated that the Federal Reserve would have the capacity to lower rates further next year, even while some of its counterparts appeared poised to increase them. The greenback remained weak during Asian trading, as a strong Read More
The yen appreciated against the U.S. dollar, reflecting a technical recovery following warnings from Japanese officials about “one-sided and sharp” currency fluctuations. This statement indicated a preparedness to implement necessary measures, which analysts interpreted as a clear indication of potential intervention. The Japanese currency received a boost from a generally weaker dollar, which has faced Read More
The US Dollar Index strengthens to approximately 98.55 during the early European session on Friday. The US Consumer Price Index increased by 2.7% year-over-year in November, which was below expectations. Cooling US inflation may create opportunities for the Federal Reserve to implement rate cuts. The US Dollar Index, which reflects the value of the US Read More
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
