News
Important Only
US Dollar Index edges lower to near 104.20 after mix US PCE Inflation release
The US Dollar Index (DXY) falls slightly to near 104.20 in Friday’s New York session after the United States (US) Bureau of Economic Analysis (BEA) published the Personal Consumption Expenditure Price Index (PCE) report for June.Fxstreet
Fri, Jul 26
US Dollar Index remains below 104.50 as traders await the US PCE Price Index
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six other major currencies, retraces its recent gains ahead of the release of the US Personal Consumption Expenditures (PCE) Price Index for June.Fxstreet
Fri, Jul 26
Forex Today: Can US PCE confirm a rate cut in September?
The Greenback alternated gains with losses amidst further appreciation of the Japanese yen and a decent pullback in US yields across the curve, while firmer-than-expected US data appear to have trimmed some rate cut bets in September.Fxstreet
Thu, Jul 25
USD: The AI hangover and the exchange rates – Commerzbank
Strong US growth has a positive effect on the US Dollar (USD) via two channels: It allows the Fed to pursue a more restrictive monetary policy for longer, and to pay more attention to inflationary trends than it would if growth were weak.Fxstreet
Thu, Jul 25
US Dollar dips amidst mixed S&P PMI figures and steady Fed dovish outlook
On Wednesday, the US Dollar as measured by the DXY index went on a dip towards 104.20, largely influenced by mixed S&P PMI figures and the markets continuing to bet on a dovish Federal Reserve's (Fed) outlook.Fxstreet
Wed, Jul 24
Dow Jones Industrial Average treads water on Tuesday as investors await key data
The Dow Jones Industrial Average (DJIA) went nowhere fast on Tuesday, sticking close to the day’s opening bids as investors shuffle their feet ahead of a hectic US data schedule in the back half of the trading week.Fxstreet
Tue, Jul 23
USD: Equity recovery is keeping volatility low – ING
Away from US politics, FX markets remain very subdued. Volatility is low and the temptation will be to rotate back into carry even if there are risks associated with the preferred funding currency (Japanese Yen) or the preferred target currency (Mexican Peso), ING’s FX strategist Chris Turner notes.Fxstreet
Tue, Jul 23
US Dollar Index holds position below 104.50 despite a risk-off mood, higher yields
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six other major currencies, has recovered daily losses, trading around 104.30 during the early European hours on Tuesday.Fxstreet
Tue, Jul 23
US Dollar Index declines to near 104.00 due to heightened expectations of Fed rate cuts
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six other major currencies, edges lower after two days of gains, trading around 104.20 during the early European hours on Monday.Fxstreet
Mon, Jul 22
US President Joe Biden stands down from reelection, endorses Kamala Harris
Following a long week of political turmoil, United States (US) President Joe Biden announced on Sunday that he will end his reelection bid and will speak to the nation later this week in more detail about his decision.Fxstreet
Sun, Jul 21