The dollar continued to appreciate in line with our call, as GDP data came in stronger than expected and the Fed gave no hints of bending to Trump’s pressure, ING's FX analyst Francesco Pesole notes.
The US Dollar has nudged lower on Thursday, following a five-day rally, but remains right below two-month highs, with the psychological 100.00 on sight supported by solid US data and a hawkish message from Fed Chairman Powell, ahead of the release of the US PCE Prices Index report.The USD Index, whi
US Dollar (USD) bulls extended another leg up overnight following FOMC/Powell’s press conference, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The US Dollar Index (DXY) jittered on Wednesday following the Federal Reserve's (Fed) latest interest rate hold. The Fed's main reference rate remains steady at 4.25-4.5%, as many market participants expected.
The Dow Jones Industrial Average (DJIA) was little changed through the early Wednesday session, trading in a tight circle around 44,600 ahead of the Federal Reserve’s (Fed) latest interest rate decision.
Dow Jones futures tick up during the European trading session on Wednesday. The 30-stocks basket edges higher after a two-day decline, with investors awaiting the outcome of the Federal Reserve’s (Fed) monetary policy meeting at 18:00 GMT.
FX markets are relatively quiet with limited movement across all of the G10 currencies as we head into Wednesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The US Dollar (USD) has advanced further in the FX markets and after the biggest gain on Monday (1.0%) since mid-May, the dollar has advanced by a further modest 0.25%.
The US Dollar consolidates gains on Wednesday, following a four-day rally, as a series of trade deals between the US and key partners and relatively upbeat data have provided support ahead of a slew of key macroeconomic releases in the second half of the week.The USD Index, which measures the Greenb
This week’s strong USD performance has been driven by a combination of the US-EU deal, positioning adjustments, and month-end flows. These factors should start to fade now, shifting all the attention to data and the Fed.
Before the Federal Reserve meeting this evening (European time), which will include a highly anticipated press conference, we will receive a series of exciting data releases. The ADP employment survey is likely to receive less attention.
US Dollar (USD) strength moderated overnight, following the pullback in UST yields. DXY was last at 98.82 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is halting its four-day winning streak and trading around 98.80 during the Asian hours on Wednesday.
The Dow Jones Industrial Average (DJIA) softened on Tuesday, falling back for a second straight day as bullish-prone equity markets pivot into a defensive stance ahead of the latest interest rate decision from the Federal Reserve (Fed).
The US Dollar (USD) is holding firm on Tuesday after posting its strongest single-day gain since May, rallying 1.0% on Monday. The rally came after the United States (US) and European Union (EU) announced a major trade deal framework on Sunday.
The US Dollar (USD) has seen a solid advance so far this week as trade deals, or at least their outlines, are reached and US/China trade talks resume.
USD traded better bid overnight. The sell-off in European equities overnight and most Asian equities also weighed on sentiments. DXY was last at 98.83 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The Dow Jones Industrial Average (DJIA) tested all-new record highs early Monday, clipping into the high side in early trading before the weight of the upcoming week pushed investors back into familiar territory.
The US Dollar (USD) starts the week on a firmer note, extending its modest recovery since Thursday, as easing global trade tensions lift investor sentiment.
The US Dollar (USD) is strong and starting off the week with broad gains across all of the G10 currencies as markets respond to the news of a US/EU trade deal agreed over the weekend, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Markets have taken the news of a US-EU trade deal positively.
US Dollar (USD) traded mixed as markets await catalysts this week – JOLTS job openings (Tuesday); ADP employment, 2Q GDP (Wednesday); FOMC, core PCE (Thursday); NFP (Friday) while anticipating more trade deals/details ahead of 1 Aug tariff deadline.
Dow Jones futures rise ahead of the US market opening on Monday, trading around 45,160, up by 0.18%, during European hours. Meanwhile, S&P 500 Futures are up by 0.31% to 6,445, and Nasdaq 100 Futures appreciate 0.50% to trade near 23,530.
The Dow Jones Industrial Average (DJIA) rebounded on Friday, recovering its footing after a mild downturn during the previous session.
The US Dollar (USD) trades with a positive tone for the second straight day on Friday, drawing strength from upbeat US economic data and fresh optimism on trade.
After a torrid few days, the dollar managed to find a little support yesterday. The domestic data was mildly encouraging in that weekly jobless claims fell again, the service sector pushed the US composite PMI to the highest levels since last December, and June new home sales were not too weak.
Dow Jones futures trade slightly higher at the start of the European session on Friday.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in positive territory for the second consecutive day around 97.55 during the Asian trading hours on Friday.
The Dow Jones Industrial Average (DJIA) stumbled on Thursday, consolidating just below the 45,000 handle as earnings blunders drag down key overweighted stocks listed on the Dow Jones.
The US Dollar (USD) takes a breather on Thursday after sliding to a two-week low on Wednesday as renewed optimism around global trade deals boosted market sentiment.