TAG: Dollar
Dollar at one-month high as Fed rate-cut bets fizzle out
The dollar hit a one-month high as Treasury yields climbed on growing speculation that the Federal...
8 months ago
Softer Dollar Continues on Monday
Muted Markets on MondayThe US Dollar is under pressure on Monday as we begin with a quieter start to the week due to the bank holiday in the US and Canada. Last week, a sharp drop in US retail sales curtailed the initial rally we’d seen on the back of a s...
7 months ago
The Dollar is more armoured division than currency
There’s just no getting past the supremacy of the dollar, much as skeptics of American influence wish for it or lonely yen bulls cry for relief. The greenback has been frequently tipped to retreat, only for it to blow away everything in front of it. This...
6 months ago
NFP Preview: Dollar in focus
(AI Video Summary) The impact of the NFP report due this Friday The upcoming non-farm payroll (NFP) report this Friday is going to have a big influence on the market. If the data shows a higher number than expected, it could change people's expectations a...
6 months ago
Dollar Slump Deepens as Traders Await NFP Tomorrow
Weak ISM Services Hits DollarThe US Dollar is turning sharply lower into the back of the week, ahead of tomorrow’s keenly awaited March labour reports. Yesterday, the ISM services reading was seen unexpectedly dropping to 51.4 from 52.6 prior, below the 5...
6 months ago
Elevated USD Volatility Risk This Week
USD Volatility RiskWe’re seeing plenty of USD volatility risk this week as traders brace for the latest US inflation readings, due on Wednesday. On Friday, the latest US jobs data once again came in above forecasts, further muddying the waters for those l...
6 months ago
Dollar Spikes on Inflation Upset
CPI Squashes June Rate Cut HopesThe US Dollar has moved firmly higher on the back of yesterday’s March inflation reading. Annualised headline CPI was seen rising to 3.5% from 3.2% prior, above the 3.4% the market was looking for. With inflation proving en...
6 months ago
Dollar Index At Highs Ahead of Retail Sales
Fading Fed Easing ExpectationsThe US Dollar is starting the week on a softer footing as traders brace for the next set of US data points with retail sales and empire state manufacturing due later today. The Dollar Index was seen breaking out to fresh high...
6 months ago
Powell Says Rates To Stay High As Long As Needed
Dollar in DemandThe US Dollar is holding at highs as we move through the middle of the week. Monday’s better-than-forecast retail sales data, hot on the heels of last week’s bumper inflation reading, has further strengthened the view that the Fed won’t be...
5 months ago
Asian currencies can't fight the dollar on a rampage
Paul O'Neill, a Treasury secretary under George W Bush, ran into controversy on his first overseas trip when he had the temerity to question the often celebrated, and sometimes bemoaned, strong-dollar policy. O'Neill inherited the mantra from the Clinton...
5 months ago
Dollar Softens on Fresh PMI Declines
US PMIs Miss… AgainThe US Dollar was seen softening yesterday on the back of a weaker-than-forecast set of PMI readings for last month. The March manufacturing PMI was seen falling to 49.9 from 51.9 prior, well below the 52 expected. The dip back into con...
5 months ago
Dollar Drops on Heavy GDP Miss
US GDP Misses MarkThe US Dollar continues to soften on Friday as traders digest a weaker-than-forecast advanced GDP print yesterday. The first look at Q1 GDP came in at 1.6%, down from the prior quarter’s 3.4% and well below the 2.5% the market was lookin...
5 months ago
Big Week For USD - What to Watch
Dollar Softer on MondayThe US Dollar is looking a little softer through early trading on Monday as traders brace for plenty of volatility risk this week with both the May FOMC and April NFP due. The greenback has been a little softer over the last week, w...
5 months ago
NFP Plunge Puts Fed Easing Back in Focus
NFPs Undershoot ForecastsThe US Dollar is looking a little more stable on Tuesday after Friday NFP-driven sell-off saw the DXY finding support into lows, trading back above the 104.95 level for now. The greenback came under heavy selling pressure into th...
5 months ago