The U.S. dollar remained close to a two-month low against major currencies on Monday as investors anticipated this week’s inflation data for insights into the Federal Reserve’s interest rate trajectory. The euro edged higher to $1.1558, hovering near its strongest level since mid-June, while sterling remained steady at $1.3490, close to a five-week peak. The Read More
The U.S. currency’s appeal as a shelter was bolstered by uncertainties about an Iran peace deal, which caused the dollar to move higher against the yen and euro on Friday, building on gains from the previous day. The greenback also received support from elevated Treasury yields following a report that referenced sources close to Federal 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
The U.S. dollar maintained its position at a one-month high on Tuesday as traders assessed a narrow yet persistent possibility of a rate hike at the Federal Reserve’s forthcoming meeting, despite declining oil prices alleviating some inflationary concerns. The dollar index, which measures the greenback against a basket of currencies including the yen and the 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 U.S. dollar maintained its strength on Tuesday as traders adjusted their positions in anticipation of a more hawkish Federal Reserve. Meanwhile, oil prices experienced a rebound after significant declines, and the yen approached a four-decade low. U.S. Treasury yields sustained their elevated levels following a notable increase on Monday, with yields on the interest-rate-sensitive Read More
The dollar advanced alongside U.S. Treasury yields on Friday, positioning itself for its most significant weekly increase in over two months, as rising inflationary pressures from elevated energy prices bolstered expectations of a Federal Reserve rate hike this year. Markets were closely monitoring the second day of a summit between U.S. President Donald Trump and Read More
The dollar experienced an uptick due to heightened U.S. Treasury yields on Thursday, as market participants speculated on the likelihood of a Federal Reserve rate increase this year. Concurrently, a stalemate between the U.S. and Iran regarding the conflict in the Middle East prompted increased safe-haven inflows. The international spotlight was directed towards a much-anticipated Read More
The dollar remained close to a one-week peak on Wednesday as risk sentiment deteriorated following a strong U.S. inflation report that pushed Treasury yields upward, while oil prices edged higher amid renewed uncertainty in the Middle East. The euro was positioned at $1.1735 while the sterling was at $1.3532, with both currencies experiencing a decline Read More
The dollar remained close to its peak in over two weeks on Thursday, following a shift towards a more hawkish stance from certain Federal Reserve policymakers, which propelled yields to a one-month high. Meanwhile, the Japanese yen’s rise above 160 heightened concerns regarding potential intervention risks. Fed Chair Jerome Powell concluded his eight-year tenure with Read More
