The U.S. dollar experienced a slight increase on Tuesday but faced challenges in building momentum. Traders stayed vigilant for possible coordinated currency intervention by authorities in the United States and Japan, while also anticipating Wednesday’s Federal Reserve interest rate decision. The recent attention in the foreign exchange market has centered on the yen, which has Read More
The US Dollar experienced significant selling pressure at the beginning of yesterday’s trading session. The apprehension surrounding joint intervention follows the pre-weekend Fed assessment of rates, seemingly conducted for the benefit of the US Treasury, and highlighted by remarks from Japanese officials, including Prime Minister Takaichi. In the meantime, a further unfortunate death linked to Read More
On Friday, the yen experienced a sudden strengthening, prompting market speculation regarding a possible rate check by authorities, which is frequently seen as a precursor to intervention. Meanwhile, the dollar was on track for its most significant weekly decline since June, as geopolitical tensions continued to unsettle investors. The yen was last observed slightly stronger Read More
The two sources of strain on the global capital markets have diminished. President Trump has retreated from military threats regarding Greenland and has decided against proceeding with the tariff threat on European countries set for February 1. Following a significant sell-off on Tuesday, reminiscent of the events in the UK during Prime Minister Truss’s tenure, Read More
The U.S. dollar maintained its overnight gains against major currencies on Thursday following President Donald Trump’s decision to retract a threat of tariffs on several European NATO countries, highlighting the framework of an agreement with NATO regarding control of Greenland. The safe-harbour Swiss franc faced pressure, declining significantly from a three-week high, as gold also Read More
The dollar remained close to three-week lows against the euro and Swiss franc on Wednesday, following White House threats regarding Greenland that prompted a widespread selloff in U.S. assets, impacting everything from the currency to US stocks and Treasury bonds. The yen faced significant pressure as Japanese government bond yields soared to unprecedented levels, raising Read More
The dollar experienced a decline for the second consecutive day during Asian trading on Tuesday, following threats from the White House directed at the European Union regarding the future of Greenland, which prompted a widespread selloff in U.S. stocks and government bonds. The dollar index, which gauges the strength of the greenback against a basket Read More
The dollar declined on Monday as investors, unsettled by U.S. President Donald Trump’s recent tariff threats against Europe regarding Greenland, sought refuge in the safe-haven yen and Swiss franc, reflecting a widespread risk-averse sentiment across markets. Over the weekend, Trump announced plans to implement an additional 10% import tariff starting February 1 on goods from Read More
The US dollar is experiencing a decline against all G10 currencies, yet the overall consolidation observed this week persists. Japanese officials have maintained their verbal intervention, and with the US holiday approaching on Monday, the likelihood of significant intervention appears to be increasing, prompting some yen shorts to cover their positions. Reports indicate that Machado’s Read More
The U.S. dollar experienced a slight decline on Friday; however, it was poised to achieve another weekly gain following stronger-than-anticipated economic data that diminished expectations for early interest rate reductions by the Federal Reserve. At 04:05, the Dollar Index, which monitors the performance of the greenback against a selection of six other currencies, was trading Read More
