Beginners

Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Indices

USD rebounds as risk appetite improves – Danske Bank

Source Fxstreet

The US Dollar (USD) caught a bid across G10 FX yesterday as safe-haven flows took a breather amid improved risk sentiment, with the JPY, CHF, and particularly gold weakening, Danske Bank's FX analysts report.

EUR/USD to retain a mild topside bias

"Softer May euro area inflation data had limited market impact, with around 57bp of ECB rate cuts still priced in for the full year and a 25bp cut effectively fully priced for tomorrow's meeting. In the US, the JOLTs report painted a mixed picture - job openings and hiring ticked higher against expectations, while involuntary layoffs also edged up modestly."

"Attention now turns to today's ADP employment report and ISM services data, ahead of Friday's May payrolls. Overall, we continue to see EUR/USD as a reflection of USD vulnerability rather than EUR strength."

"With policy risks elevated, economic momentum slowing, and investor confidence still fragile, the USD likely requires a clean, data-driven narrative shift to regain traction. Until then, we expect EUR/USD to retain a mild topside bias."

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

US Dollar's Decline Predicted in 2026: Morgan Stanley's Outlook on Currency Volatility Morgan Stanley forecasts a 5% drop in the dollar by mid-2026, attributed to continued Fed rate cuts. A recovery may follow as growth improves and funding currency dynamics shift favorably toward the euro and Swiss franc.

Author Mitrade

Nov 25, Tue

Morgan Stanley forecasts a 5% drop in the dollar by mid-2026, attributed to continued Fed rate cuts. A recovery may follow as growth improves and funding currency dynamics shift favorably toward the euro and Swiss franc.

U.S. Dollar Weakened by Dismal Manufacturing Data; Rate Cut Expected This Month The U.S. dollar remains under pressure as disappointing manufacturing data heightens expectations for a rate cut by the Federal Reserve at its upcoming meeting on December 10. Manufacturing PMI fell to 48.2, marking the ninth consecutive month of contraction.

Author Mitrade

Dec 02, Tue

The U.S. dollar remains under pressure as disappointing manufacturing data heightens expectations for a rate cut by the Federal Reserve at its upcoming meeting on December 10. Manufacturing PMI fell to 48.2, marking the ninth consecutive month of contraction.

Asian Shares Rebound as Wall Street Gains and Fed Rate Cut Anticipation Looms Asian markets stabilized thanks to Wall Street's recovery, with Bitcoin regaining $90,000. Investor focus shifts to a potential Federal Reserve rate cut, improving overall market sentiment ahead of December.

Author Mitrade

Yesterday 02: 20

Asian markets stabilized thanks to Wall Street's recovery, with Bitcoin regaining $90,000. Investor focus shifts to a potential Federal Reserve rate cut, improving overall market sentiment ahead of December.

Silver Pulls Back From Record High as Investors Await US Economic Data Silver prices fell on Wednesday, retreating from the previous session’s all-time peak, as traders turned cautious ahead of key U.S. economic reports that could influence the Federal Reserve’s policy path.

Author Mitrade

Yesterday 07: 59

Silver prices fell on Wednesday, retreating from the previous session’s all-time peak, as traders turned cautious ahead of key U.S. economic reports that could influence the Federal Reserve’s policy path.

Oil Prices Rise Amid Strikes on Russian Infrastructure and Stalled Ukraine Peace Talks Oil prices saw a modest increase as Ukrainian forces targeted Russian oil infrastructure, raising concerns over export disruptions. However, unexpected rises in U.S. crude inventories tempered market optimism, highlighting persistent demand weakness.

Author Mitrade

5 hours ago

Oil prices saw a modest increase as Ukrainian forces targeted Russian oil infrastructure, raising concerns over export disruptions. However, unexpected rises in U.S. crude inventories tempered market optimism, highlighting persistent demand weakness.

Related Instrument