The Dow Jones Industrial Average (DJIA) fell through an extended overnight session, with American markets shuttered for the Juneteenth holiday.
The US Dollar (USD) has advanced in overnight trading, with markets trading with a distinct whiff of risk aversion amid reports that the US is planning for a possible strike on Iran in the coming days, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The two major US macro events yesterday (the FOMC and TIC data) left very few marks on FX. Markets are understandably attaching limited value to dot plot projections given the high uncertainty of the tariff impact and recent oil volatility.
US President Donald Trump said that he would have a meeting in an hour, to discuss the Iran-Isreal conflict, and reaffirmed that Iran should have made a deal. He added that if Iran wants to come to the White House, he may do that.
The US Dollar Index (DXY) whipsawed on Wednesday after the Federal Reserve's (Fed) Federal Open Market Committee (FOMC) kept interest rates unchanged, as investors had broadly expected.
The Dow Jones Industrial Average (DJIA) is churning the charts in near-term consolidation, stuck near the 42,350 level as investors hunker down and await the Federal Reserve’s (Fed) latest rate call.
The US Dollar Index (DXY), which measures the value of the Greenback against a basket of six major currencies, is trading slightly lower on Wednesday after gaining about 0.7% the previous day.
The US Dollar (USD) has edged back a little from its overnight peaks and stocks are flat to slightly firmer while crude prices have eased a little as investors dial back geopolitical worries, at least for the moment, and focus on the Fed, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theo
US Dollar (USD) rebounded as markets grapple a challenging environment of higher oil prices and falling equities amid ongoing geopolitical uncertainties. DXY was last at 98.64, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The US Dollar (USD) remained bid on Tuesday amid an escalation of the conflict between Israel and Iran, which boosted the Greenback due to its haven appeal.
Markets enter panic mode on headlines indicating United States (US) President Donald Trump has become more inclined to strike Iran's nuclear facilities, according to senior White House officials, as cited by Fox News.
The Dow Jones Industrial Average (DJIA) lost some ground on Tuesday, declining below 42,500 as equity markets roil beneath the weight of the burgeoning Israel-Iran conflict.
The US Dollar (USD) is trading narrowly mixed amid subdued FX turnover, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
US Dollar (USD) continued to trade near recent lows as markets navigate higher oil prices owing to geopolitical tensions, tariff uncertainties and central bank meetings this week. Dollar Index (DXY) was last at 98.17 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The situation in Israel and Iran has shown few signs of de-escalation, and while that is offering intermittent support to the dollar, it has so far failed to generate a major rebound in the greenback, ING's FX analyst Francesco Pesole notes.
The Dow Jones Industrial Average (DJIA) found firmer footing on Monday, kicking off the new trading week on a high note and paring away most of the late-week losses that pushed indexes into the red last Friday.
The US Dollar (USD) is softer overall, crude oil is lower while the ILS is some 2% stronger and risk appetite is firmer at the start of what is likely to be a busy week for markets, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note, Scotiabank's Chief FX Strategist Shaun Osborne notes.
US Dollar (USD) remains a touch firmer amid geopolitical escalation between Israel and Iran. DXY was last at 97.93 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The Dow Jones Industrial Average (DJIA) fell on Friday, shedding over 600 points from the previous day’s close as investors pulled back following Israel’s unexpected wave of strikes on Iran. Consumer sentiment data rebounded more than expected, helping to ease Friday’s downside momentum.
The US Dollar Index (DXY) is trading higher on Friday, with markets shifting focus on Israel’s war against Iran.
The dollar is stronger across the board this morning after Israel attacked Iran's nuclear facilities. The main transmission channel from this specific geopolitical risk and FX is the price of oil, which has rallied around 8% since the Israeli strike.
US Dollar (USD) fell overnight as US PPI data underwhelmed. DXY was last at 98.32 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The US Dollar collapsed to more than three-year lows on the back of increased inflows into the safe-haven universe, while investors continued to gauge simmering geopolitical effervescence, trade uncertainty and prospects of a couple of rate cuts by the Fed this year.
The Dow Jones Industrial Average (DJIA) caught a bullish bid on Thursday, bolstered by better-than-expected Producer Price Index (PPI) inflation data for May.
During a press conference, US President Donald Trump revealed that Iran must negotiate tougher and added that he’d love to avoid a conflict with Tehran. He commented that an Israeli strike could happen but added, “I don’t want to say Israeli strike is imminent.”
Risk aversion and hopes of Fed cuts are punishing the USD.Markets are growing sceptical about Trump's ability to cut significant trade deals.Recent Fed-ECB divergence is putting additional pressure on the US Dollar.,A mix of scepticism about US trade deals and hopes of further interest rate cuts by
The US dollar depreciated yesterday following the weaker-than-expected US inflation figures and the EUR/USD exchange rate was able to rise towards its April high this morning.
US Dollar (USD) fell on softer than expected CPI. This puts focus on PPI data tonight (8:30pm) before the lead up to FOMC next week. DXY was last at 98.40 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
It is fair to say that dollar price action has been poor.
The Dow Jones Industrial Average (DJIA) rose on Wednesday, bolstered by cooler-than-expected Consumer Price Index (CPI) inflation data for May, as well as a tentative trade policy framework following two days of trade talks in London.