The U.S. dollar traded little changed in early European trading on Tuesday, supported somewhat by rising geopolitical tensions, although it remained near its recent lows ahead of the Federal Reserve’s impending interest rate cut. Job Market Data Boosts the Dollar The dollar rose on Tuesday as geopolitical tensions in the Middle East, Libya, and Ukraine […]
The U.S. dollar rose in early European trading on Wednesday but remains near seven-month lows, as the Federal Reserve minutes from its last meeting and likely revisions to payroll data point to a rate cut next month. The dollar loses strength in anticipation of Fed minutes and payroll revisions The dollar has been under pressure, […]
The U.S. dollar declined on Tuesday, approaching seven-month lows amid expectations that the Federal Reserve will cut interest rates in September. Dollar Weakens on Optimism Ahead of Fed Rate Cut The U.S. dollar has fallen by more than 2% over the past month, in line with U.S. Treasury yields, amid growing optimism that the Federal […]
The U.S. dollar fell ahead of the release of the Federal Reserve’s July monetary policy meeting minutes and Chairman Jerome Powell’s upcoming speech at Jackson Hole near the end of the week. Dollar Downtrend Begins To Gain Momentum The minutes, which will be released on Wednesday, and Jerome Powell’s speech on Friday are likely to […]
The U.S. dollar stabilized on Wednesday, benefiting from the previous night’s weakness ahead of the release of the July Consumer Price Index, while the British pound weakened following benign inflation data. Dollar Slides on CPI Expectations The U.S. dollar retreated on Tuesday after the Producer Price Index (PPI) for July came in below expectations, prompting […]
The U.S. dollar traded within a narrow range as traders awaited the July Producer Price Index (PPI) data, the first of the week’s inflation data, as a roadmap for future monetary policy decisions by the Federal Reserve. Dollar Awaits PPI Data The Producer Price Index, which measures changes in producer prices, is expected to rise […]
The U.S. dollar rose on Monday during a light trading day as traders awaited the release of key inflation data later in the week, seeking clues about the Federal Reserve’s upcoming policy decisions. Dollar gains on CPI expectations The dollar received support at the end of the previous week after better-than-expected U.S. jobs data led […]
The U.S. dollar rose on Wednesday, while Japan’s yen sank after the Bank of Japan tried to calm the turbulent waters by signaling that it will not raise rates further if markets remain highly volatile. Dollar recovers ground after sharp losses The dollar gained some ground on Wednesday, helped in part by the yen’s weakness […]
The U.S. dollar gained ground on Tuesday, reversing some of its recent losses as some calm returned to currency markets. Dollar Recovers After Heavy Losses In recent weeks, the dollar has been significantly affected by fears of a possible U.S. recession after a series of weak labor market data, which has triggered bets that the […]
The U.S. dollar fell sharply on concerns about U.S. economic growth, while the Swiss franc and Japanese yen saw strong safe-haven demand. Dollar Loses Ground on Recession Fears The dollar’s sell-off came after data released on Friday showed a significant cooling in U.S. job creation in July, and U.S. Treasury yields fell as traders began […]
