The US dollar edged lower on Monday, consolidating after recent swings, as attention shifted to upcoming US inflation data for guidance on interest rates. The dollar awaits important inflation data Last week, the dollar experienced significant swings as mixed US economic data cast doubt on the timing of Federal Reserve rate cuts this year. However, […]
The U.S. dollar gained ground on Thursday, trading in a tight range ahead of important U.S. inflation data next week, while the pound lost ground ahead of the Bank of England meeting. Tight trading range ahead of US CPI The dollar managed to stabilize this week, after the sharp losses of the previous week, as […]
The U.S. dollar gained ground on Wednesday, recovering after recent weakening in anticipation of a series of appearances by Federal Reserve members. Federal Reserve hearings to follow The dollar received a slight boost late Tuesday after Minneapolis Fed President Neel Kashkari indicated that both persistent inflation and a robust economy could persuade the central bank to keep interest rates […]
The U.S. dollar gained value at the start of Tuesday’s trading day in Europe, showing signs of recovery after significant declines over the previous weekend, while the Japanese yen continued to lose ground despite intervention warnings. The dollar is stable after Friday’s fall The dollar stabilized on Tuesday, showing small signs of recovery from last week’s losses after non-farm payrolls data failed to […]
On Monday, the U.S. dollar stabilized after last week’s decline in the wake of weaker-than-expected nonfarm payrolls data, which prompted market participants to look ahead to the timing of possible interest rate cuts by the Federal Reserve this year. Last week, the U.S. dollar fell to a three-week low amid speculation that the Fed might cut rates from multi-decade highs, […]
On Friday, the U.S. dollar is barely losing ground, with market activity quiet ahead of the monthly U.S. jobs report. Meanwhile, the yen is on track for its worst weekly loss in almost a year. The dollar awaits the jobs report The dollar has been in a downtrend for most of the week, following comments by Federal […]
The U.S. dollar stabilized on Thursday after a significant overnight loss, following Federal Reserve Chairman Jerome Powell’s firm dismissal of further rate hikes this year, while the Japanese yen experienced volatility amid speculation of potential intervention. Powell dismisses further rate hikes Federal Reserve Chairman Jerome Powell stated that the battle against inflation is more prolonged than […]
The U.S. dollar strengthened on Tuesday ahead of the Federal Reserve’s latest policy meeting on interest rates, while the Japanese yen weakened following suspected government intervention. Fed meeting approaching On a general view, the dollar has been in high demand this month, as a series of stronger-than-expected U.S. inflation data has caused currency market investors […]
For those following currency market trends, the U.S. dollar lost ground on Monday ahead of the Federal Reserve’s latest meeting, while the yen soared on speculation that Japanese authorities have intervened to support the currency. PCE data points to an untimely rate cut Despite gaining about 1% this month, the dollar lost ground in early […]
The yen (JPY) has lost nearly 10% of its value against the dollar this year, becoming the worst-performing G10 currency. It hit a new 34-year low and breached the 157 level against the dollar (USD) after the Bank of Japan signaled that monetary policy would remain loose, fueling speculation that Japanese authorities might soon intervene […]
