US Dollar (USD) is trading heavy near the middle of its June-December range. USD is set for a choppy trading day as key US data hit the wire. US November nonfarm payrolls (NFP) comes today, BBH FX analysts report.
Today’s nonfarm payrolls report is set to influence market expectations for the Fed’s January meeting.
Fed officials highlighted the need for flexibility in monetary policy, with Miran cautioning that labor market weakness can emerge rapidly and Williams noting that policy is well positioned after last week’s rate cut.
The highlight of today's session will be the 1430CET release of the delayed NFP jobs report. We will receive job hiring updates for both October and November, ING's FX analyst Chris Turner notes.
The US labour market report breaks with tradition by landing on a Tuesday, but expectations are modest, with job growth seen at just 50k and little change in unemployment.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note near 98.25 during the early European trading hours on Tuesday.
The US Dollar (USD) is tracking a little lower on the session in broad, Dollar Index (DXY) terms but losses remain relatively contained and the index is holding a little above last week’s low. The CNY continues to strengthen, meanwhile, giving much of the Asian FX complex a lift.
The US Dollar (USD) is trading defensively across major currencies, with potential to drift toward the lower end of its June–December range.
Markets are focused on US macro data and Federal Reserve (Fed) communication, with November NFP expected to show weak job growth and a higher unemployment rate.
The Dow Jones Industrial Average (DJIA) retreated from record intraday highs on Friday alongside its major index peers as investors continued rotating out of technology and into value-oriented sectors. The Dow briefly hit a new intraday record before pulling back 0.3%.
The US Dollar (USD) is broadly consolidating despite soft sentiment, with the Dollar Index (DXY) heading for a third straight weekly decline and mirroring its 2016–17 trajectory.
USD recovered some of yesterday’s losses and trading close to the middle of its range in place since June. The MSCI All Country World Index rallied to a record high yesterday underpinned by Fed easing and resilient global economic activity.
Following the Federal Open Market Committee (FOMC) meeting, the US Dollar (USD) softened broadly while risk proxies, non-USD currencies, precious metals, and even crypto assets saw constructive moves. DXY last seen around 98.46 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The US Dollar (USD) continued to slide, pressured by a jump in initial jobless claims to 236k—the largest weekly rise since March 2020—and lingering softness in the labor market, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The US Dollar (USD) weakened further after the Fed meeting, with Dollar Index (DXY) closing near 98.00 as rate expectations shifted lower and seasonal pressure added to the bearish tone, ING's FX analyst Frantisek Taborsky notes.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, seems vulnerable near its fresh seven-week low of 98.13 posted on Thursday.
The Dow Jones Industrial Average (DJIA) surged to a fresh record on Thursday as investors rotated out of pressured tech names and into stocks tied more closely to economic growth following the Federal Reserve’s (Fed) latest interest rate cut.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note near 98.55 during the Asian trading hours on Thursday.
The Dow Jones Industrial Average (DJIA) climbed on Wednesday after the Federal Reserve (Fed) delivered its third straight quarter-point rate cut, lifting the Dow by over 1.2% and nudging the S&P 500 higher while the Nasdaq hovered near flat.
The US Dollar Index (DXY) tumbled to fresh intraday lows on Wednesday after the Federal Reserve (Fed) delivered a widely anticipated third straight interest rate cut, lowering its main policy rate to its lowest level in three years.
The US Dollar Index (DXY)is trading practically flat on the daily chart, following a rejection at the 99.30 area on Tuesday, with downside attempts contained above the 99.00 line, as investors bid their time awaiting the outcome of the Federal Reserve meeting, due on Wednesday, at 19:00 GMT.The DXY,
US Dollar (USD) is mixed and still trading just under its 200-DMA. 10-year Treasury yields testing the top-end of its 3.95%-4.20% range in place since September, and US equity futures are treading water, BBH FX analysts report.
It's FOMC day and a 25bp rate cut – which would take the target rate to 3.50-3.75% – is around 90% priced in. The big focus will be the Summary of Economic Projections (SEP), the number of dissenters against the 25bp cut, and then Chair Powell's press conference, ING's FX analyst Chris Turner notes.
The Dow Jones Industrial Average (DJIA) withered on Tuesday, shedding another 120 points in a second straight soft day.
The US Dollar (USD) has eased back a little this morning, reversing some of the gains seen yesterday, as markets hold on to broader ranges ahead of tomorrow’s FOMC decision.
The US Dollar (USD) remains under pressure as Treasury yields ease and US equity futures tread water, with today’s ADP and October JOLTS reports providing a crucial read on labor demand ahead of the upcoming Fed meeting, BBH FX analysts report.
The US Dollar (USD) edged higher as markets scaled back expectations for Fed cuts in 2026, with the Dollar Index (DXY) hovering near 99, while investors await a busy week of US labor and trade data, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The Dow Jones Industrial Average fell back from the 48,000 handle on Monday as investor expectations for an upcoming interest rate cut from the Federal Reserve (Fed) were overridden by a fresh upswing in 10-year Treasury yields.
The US Dollar (USD) is narrowly mixed in quiet trade as investors await this week’s key event—Wednesday’s FOMC decision, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The US Dollar (USD) is mixed this morning, consolidating just above last week’s lows as investors await the New York Fed’s November survey of consumer expectations, BBH FX analysts report.