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The Dow Jones Industrial Average (DJIA) churned on Friday before pushing into the high end for the day as investors shake off still-high US Personal Consumption Expenditure (PCE) Price Index inflation.
The Greenback transited another week where data releases and expectations of interest rate cuts by the Federal Reserve remained at the centre of the debate.
The US Dollar (USD) was all over the place on Thursday after the release of the preliminary US Gross Domestic Product (GDP) for the first quarter. The USD first jumped on the high Personal Consumption Expenditure (PCE) numbers in that release
The Dow Jones hit its lowest bids in a week after US Gross Domestic Product (GDP) figures missed forecasts and US Core Personal Consumption Expenditures (PCE) inflation came in higher than expected.
The continuation of the downward bias hurt the Greenback and prompted the USD Index (DXY) to recede to multi-day lows following disheartening GDP readings and higher inflation prints, all prior to Friday’s release of PCE data.
The US Dollar Index (DXY) is seen trading mildly down at 105.75 on Thursday and struggling to gain more ground following its extended rally in April.
The US Dollar (USD) is receiving another hit on Thursday and doesn’t seem to need much more to fall against the canvas with a KO.
The Dow Jones Industrial Average (DJIA) stumbled on Wednesday, falling from recent highs near 38,550.00 as investors ease off of Tuesday’s risk appetite.
The Greenback regained composure and kept the recent optimism in the risk complex on check ahead of the publication of US GDP figures and inflation gauged by the PCE later in the week.
The US Dollar Index (DXY) is trading mildly higher at 105.90, buoyed by high US yields amidst hawkish bets on the Federal Reserve (Fed).
The US Dollar (USD) is trying to recover on Wednesday after trading firmly in the red on Tuesday. The miss on the US Purchasing Managers Index (PMI) for both the Services and
The Dow Jones Industrial Average (DJIA) climbed on Tuesday after US Purchasing Managers Index (PMI) figures softened unexpectedly, bringing broad-market hopes for an earlier-than-expected rate cut from the US Federal Reserve (Fed) back to the forefront.
The US Dollar Index (DXY) is trading softly at 105.70 tallying daily losses on Tuesday's session.
Analysts at BBH share their near-term outlook for the US Dollar.
The US Dollar (USD) eases on Tuesday as the Euro rallies across the board. The move came on the back of a triple whammy in Eurozone data, with the preliminary Services component in the Purchasing Managers Index (PMI) for Germany, France and
The Dow Jones Industrial Average (DJIA) is on the run into the top side to open the new trading week, with the index climbing into a five-day peak above 38,400.00.
The US Dollar Index (DXY) is mildly edging higher on Monday, currently trading at 106.20.
The US Dollar trades broadly steady on Monday, with markets having a sigh of relief after the weekend remained fairly calm as there was no further retaliation from Iran towards Israel.
The US Dollar Index (DXY) is currently trading at 106.09, a mild loss from its recent peak of 106.35.
The Dow Jones Industrial Average (DJIA) is trading moderately higher on Friday with Wall Street indexes mixed on looming geopolitical concerns.
The Dow Jones Industrial Average (DJIA) is finally posting gains in January as investors digest the strong US economic outlook and pare back their interest rate cut hopes.
The Dow Jones Industrial Average (DJIA) is posting losses after a positive opening on Wednesday.
The US Dollar Index (DXY) stands at 106.10, showing mild gains.
Analysts at BBH share their near-term outlook for the US Dollar Index (DXY).
The US Dollar Index (DXY) eases slightly on Wednesday as it becomes increasingly clear that markets won the arm wrestling match with the US Federal Reserve (Fed).
Federal Reserve (Fed) Bank of New York President John William, a permanent voting member of the Federal Open Market Committee (FOMC), said on Tuesday that inflation has fallen across all categories over the last year and a half.
The Dow Jones Industrial Average (DJIA) is going through a moderate advance in a cautious session on Tuesday morning.
The US Dollar Index (DXY) is trading at 106.30 with gains on Tuesday, and the DXY continues to benefit from robust Retail Sales data revealed on Monday.
Analysts at BBH share their near-term outlook for the US Dollar Index (DXY).
The US Dollar Index (DXY) is currently trading higher near 106.05 on Monday, slightly down from its peak of 106.10 hit last week.