News

Dow Jones Industrial Average surges higher after NFP jobs beat forecasts

The Dow Jones Industrial Average (DJIA) punched in firm gains on Thursday, testing its highest bids in five months after US Nonfarm Payrolls (NFP) showed more jobs were added in June on a seasonally-adjusted basis than markets feared.

Source  Fxstreet1751567307
Dollar Index steadies near 97.00 as US employment report reveals a resilient labour market

The Dollar Index (DXY) is attempting a recovery in the American session on Thursday, following the latest release of US employment data, which highlighted a resilient labor market.

Source  Fxstreet1751551712
US Dollar holds steady ahead of US NFP

The US Dollar (USD) is treading water on Thursday, trading flat in a tight range as traders turn their focus to the upcoming Nonfarm Payrolls (NFP) report at 12:30 GMT.

Source  Fxstreet1751544355
USD little changed versus core majors ahead of NFP – Scotiabank

Markets are not quite at a standstill but they are not far off. The US Dollar (USD) is mixed against its major currency peers but movement is minimal among the core majors, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Source  Fxstreet1751542346
DXY: Eyes on payrolls, ISM services – OCBC

US Dollar (USD) traded mixed overnight, with losses seen vs. TWD, THB and precious metals but traded largely firmer against most currencies including GBP, AUD, NZD and MYR. DXY was last at 96.83 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Source  Fxstreet1751536383
USD: Too early to say we've reached 'peak bearishness' on the USD – ING

While forecasters are overwhelmingly bearish on the dollar now – and some are bearish on a multi-quarter basis too – one possible shoe still to drop is the possibility of early Fed rate cuts, ING's FX analyst Francesco Pesole notes.

Source  Fxstreet1751535067
US Dollar Index (DXY) languishes below 97.00 with all eyes on US payrolls data 

The US Dollar Index (DXY), which measures the value of the Dollar against the world’s six most traded currencies, keeps wavering below the 97.00 area, unable to take off from multi-year lows, after having lost more than 2% during the last two weeks.

Source  Fxstreet1751529373
Dow Jones Industrial Average churns amid Vietnam trade deal and sharp ADP jobs contraction

The Dow Jones Industrial Average (DJIA) tested the low side on Wednesday, knocking back the early week’s bullish tilt after ADP Employment Change figures widely missed the mark and came in well below forecasts.

Source  Fxstreet1751480826
US Dollar rebounds modestly as Powell stays cautious about rate cuts

The US Dollar (USD) is trading with a slightly positive tone on Wednesday, bouncing back a bit after hitting the lowest level since February 2022 on Tuesday.

Source  Fxstreet1751458220
USD gains modestly on position adjustment – Scotiabank

The US Dollar (USD) eased yesterday, leaving the Dollar Index (DXY) at a new cycle low briefly, while Canada was enjoying its national holiday.

Source  Fxstreet1751456144
USD: The more unconventional, the weaker – Commerzbank

Unfortunately, there is currently only one major topic on the foreign exchange market: the US Dollar (USD). And the storm clouds seem to be gathering.

Source  Fxstreet1751455823
DXY: Pace of decline may moderate – OCBC

USD’s pace of decline somewhat moderated overnight, in response to better-than-expected US data – ISM manufacturing, prices paid, JOLTS job openings. DXY was last at 96.90 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Source  Fxstreet1751453540
USD: All focus on data – and soon, tariffs – ING

Fed Chair Jerome Powell stuck to his usual cautious tone in Sintra, reiterating a strict data-dependent approach that is set to keep the dollar extremely sensitive to jobs and inflation figures.

Source  Fxstreet1751452199
Dow Jones Industrial Average climbs as investors pivot away from tech

The Dow Jones Industrial Average (DJIA) rose to its highest levels in around five months on Tuesday, testing above 44,500 for the first time since early February. Equity markets were overall mixed, with declines in tech stocks keeping other major indexes under wraps.

Source  Fxstreet1751393500
US Dollar weakens as fiscal, tariff risks mount

The US Dollar (USD) continues to face selling pressure, with the US Dollar Index (DXY) currently trading around 96.45, its lowest level since February 2022, as it continues its descent for the ninth straight day.

Source  Fxstreet1751374279
USD: What comes after the weak start to the year? – Commerzbank

The euro gained 13.8% against the US dollar in the first six months of this year, marking the best start to a year against the greenback since its introduction. In the last three months alone, the euro gained 9%, representing one of its best quarters against the US dollar.

Source  Fxstreet1751368079
US Dollar Index (DXY) dives below 96.00 following upbeat Eurozone data

The US Dollar remains on the back foot on Tuesday, weighed by renewed concerns about the US fiscal health, growing trade uncertainty and investors’ bets on Fed cuts, as President Trump continues attacking the Fed Chair, Jerome Powell.In this context, the US Dollar Index (DXY) extended its decline fo

Source  Fxstreet1751364393
DXY: Under pressure – OCBC

US Dollar (USD) continued to trade under pressure as recent US economic data (Chicago PMI, Dallas Fed manufacturing activity) disappointed overnight, while markets increasingly priced in expectations of Federal Reserve rate cuts.

Source  Fxstreet1751361970
US Dollar Index falls to fresh lows near 96.50 ahead of ISM Manufacturing PMI data

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing its losing streak for the ninth successive day. The DXY is trading around 96.70, marking fresh lows since March 2022, during the Asian hours on Tuesday.

Source  Fxstreet1751342546
Dow Jones Industrial Average holds onto near-term highs on Monday

The Dow Jones Industrial Average (DJIA) gapped into fresh 19-week highs at the start of the new trading week, testing above 44,000 for the first time since mid-February.

Source  Fxstreet1751311983
USD steady but retains a weak undertone – Scotiabank

The US Dollar (USD) is steady to slightly lower at the start of what may be a relatively quiet and somewhat disjointed week, given holidays in North America, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Source  Fxstreet1751283064
USD: Is this week big and beautiful? – ING

The first half of July could prove pivotal for the FX market, with three events in focus: the Senate vote on the "One Big Beautiful Bill Act" (OBBBA), which US President Donald Trump wants passed by 4 July, Thursday’s US jobs data, and the expiration of the reciprocal tariff pause on 9 July.

Source  Fxstreet1751280633
DXY: Trading heavy overall – OCBC

US Dollar (USD) consolidated near recent lows, driven by tentative optimism on trade talks, comments from Trump on Fed Chair and in reaction to softer US data last Friday. DXY traded heavy; last at 97.15 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Source  Fxstreet1751275657
Dow Jones Industrial Average accelerates into the high end as interest rate cut bets climb

The Dow Jones Industrial Average (DJIA) gained ground on Friday, driven by a combination of investor expectations that the US will figure out how to secure trade deals that circumvent its own ringfence of threatened tariffs, and rising expectations of more rate cuts from the Federal Reserve (Fed) by

Source  Fxstreet1751050207
Dollar Index remains weak as core PCE inflation rises, Personal spending fall

The US Dollar Index (DXY) is nearing 97.00 support as investors digest the latest batch of inflation data released out of the United States.

Source  Fxstreet1751032593
USD limps into the weekend – Scotiabank

The US Dollar (USD) is limping into the end of the week and the end of the month. Intraday trends across the major currencies are mixed but the Dollar Index (DXY) itself is still tracking a little lower overall on the day for a (so far) fifth consecutive daily drop.

Source  Fxstreet1751023806
USD: Still waiting on the data catalyst – Commerzbank

US data sent very mixed messages yesterday to a market seeking validation of recent dovish Fed speculation. 1Q GDP was revised again, showing an even bigger quarter-on-quarter annualised contraction of -0.5% compared to the previously reported -0.2%.

Source  Fxstreet1751021310
Dow Jones Industrial Average floats higher on tepid Thursday

The Dow Jones Industrial Average (DJIA) rose to its highest figure in 16 weeks on Thursday, testing above 43,300 for the first time since late February.

Source  Fxstreet1750961203
USD drop extends on Fed focus, weak technicals – Scotiabank

The US Dollar (USD) is weaker this morning, falling for a fourth day in a row and extending below the recent lows for the DXY in the upper 97 zone to reach its lowest since early 2022.

Source  Fxstreet1750938496
US Dollar Index refreshes three-year low near 97.00 as Trump attacks Fed’s independence

The US Dollar (USD) faces a sharp selling pressure on Thursday as United States (US) President Donald Trump lashed out on Federal Reserve (Fed) Chair Jerome Powell again for arguing in favor of holding interest rate cuts in the upcoming policy meetings in his semi-annual testimony before the Senate

Source  Fxstreet1750937943
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