The US economy is experiencing a moderate slowdown, but indicators suggest that economic activity remains robust overall.
The Dow Jones Industrial Average (DJIA) edged back into the top end during the Friday market session, keeping bids north of 42,000 and sticking close to this week’s all-time record peaks.
The US Dollar (USD) trades broadly steady on Friday after Thursday’s sharp decline, when traders revalued the Greenback after the US Federal Reserve (Fed) joined the European Central Bank (ECB) and several others by starting its interest-rate cutting cycle.
Amid much intra-day volatility, the Dollar Index (DXY) is down around 0.5% on the week.
The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, is trading flat near 100.70 on Thursday as the market digests the Federal Reserve's (Fed) 50-basis-point (bps) cut.
The Dow Jones Industrial Average (DJIA) pierced the 42,000 psychological level on Thursday as equities drove higher in a broad-market bull run after the Federal Reserve (Fed) finally delivered its first rate cut in over four years.
The bold move from the Fed was accompanied by a significant shift in the Fed’s rate outlook.
The US Dollar (USD) trades back to where it was ahead of the US Federal Reserve (Fed) meeting during the European trading session on Thursday.
The Fed cut rates by 50bp yesterday, which came more as a surprise to economists' consensus than for markets, which had priced around a 65% probability of a half-point move.
The Greenback regained composure and bounced off multi-month lows as traders continued to assess the Fed’s 50-bps interest rate cut in quite a volatile session on Wednesday.
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, has declined ahead of today's Federal Open Market Committee (FOMC) decision.
The Dow Jones Industrial Average (DJIA) has pulled into Wednesday’s midrange near 41,500 as investors await the Federal Reserve's (Fed) first rate cut in over four years.
The US Dollar (USD) retraces and trades below 101.00, as measured by the US Dollar Index (DXY), ahead of the US Federal Reserve (Fed) interest rate decision on Wednesday.
Focus today on FOMC (2am SGT) – whether its 25 or 50bp cut and admittedly, this remains a close call.
Today’s Fed rate decision (1900 BST) is approaching. Markets have recently leaned narrowly in favour of a 50bp cut rather than 25bp, and ING’s FX analyst Francesco Pesole thinks that the September FOMC will deliver a 25bp cut, and this may be an exceptionally close call, he notes.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against other six major currencies, retraces its recent gains from the previous session.
The US Dollar remained stable at the start of the US trading session on Tuesday, showing little response to the release of Retail Sales data as anticipated.
The Dow Jones Industrial Average (DJIA) rose into a fresh record high for the second day in a row on Tuesday as investors jostle for position ahead of the Federal Reserve’s (Fed) hotly-anticipated rate cut during the midweek market session.
The Dollar Index (DXY) depreciated a third session by 0.4% to 100.76, approaching 100.55, the year’s weakest close on August 27, DBS FX strategist Philip Wee notes.
While the Fed’s guidance and policy decision tomorrow will signal whether the selloff in the USD over the past few sessions is overdone, the US election will set the scene for the greenback into year-end and through the start of the new year, Rabobank’s Senior FX Strategist Jane Foley notes.
The US Dollar (USD) is flat to slightly softer on the session but retains a weak undertone overall, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The US Dollar (USD) trades flat on Tuesday, with traders sitting on their hands ahead of Wednesday’s main event. The Federal Open Market Committee (FOMC) convenes on Tuesday to debate the upcoming US Federal Reserve’s (Fed) policy decision on
Since the middle of last week, the USD has weakened day by day, causing higher EUR/USD levels.
USD continued to trade on a back foot as markets re-price for higher likelihood of 50bps cut at upcoming FOMC, OCBC Frances Cheung and Christopher Wong note.
Markets have continued to consolidate their bearish dollar positions ahead of tomorrow’s FOMC announcement.
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, is extending a corrective decline amid rising dovish expectations for the Federal Reserve's (Fed) meeting on Wednesday.
The Dow Jones Industrial Average (DJIA) clipped into another record intraday bid to kick off the new trading week.
After clawing a bit of ground back Friday, the USD is starting a crucial week off back on the defensive, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The US Dollar (USD) trades substantially softer on Monday ahead of the US opening bell. The move comes after traders seem to become increasingly convinced that the US Federal Reserve (Fed) will opt on Wednesday for a big interest-rate cut. This adds
The US Dollar (USD) continued to trade on a back foot as markets re-price for higher likelihood of 50bps cut at upcoming FOMC, OCBC’s FX strategists Frances Cheung and Christopher Wong note.