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