The US Dollar began the week with gains as depicted by the US Dollar Index (DXY) after US President Donald Trump eased tensions with China, following last Friday’s threats to adding further duties on Chinese goods.
Risk proxies come under pressure while safe-haven proxies were better bid into NY close last Friday following the unexpected twist in US-China relations, from Friday into the weekend.
The US Dollar found support at the 98.80 area after retreating from the mid-range of the 99.00s on Friday, following Trump’s threat to impose 100% tariffs on China.
President Trump's threats of higher US tariffs on China last Friday led to some decisive price action in FX and bond markets. USD/CNH traded sharply higher, but the DXY dollar index dropped even more as investors felt the fallout would be greater on the US than on China.
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 stronger note near 98.85 during the Asian trading hours on Monday.
The Dow Jones Industrial Average (DJIA) soured sharply on Friday, plummeting to its lowest bids in nearly three weeks and declining over 900 points top-to-bottom after US President Donald Trump pulled out of trade talks with Chinese President Xi Jinping and vowed to sharply increase import tariffs o
The US Dollar Index (DXY) drops by 0.48% to trade around 98.90 on Friday at the time of writing, extending its recent weakness as global investors react to a new escalation in trade tensions between the United States (US) and China.
The US Dollar (USD) is consolidating ahead of the long weekend in North America following four solid days of gains in the Dollar Index (DXY), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
US Dollar (USD) takes a breather after closing-in on its August high. We’re still flying blind amid the ongoing US government shutdown, with key economic data releases on hold.
It’s becoming increasingly clear that this week’s US Dollar (USD) rally is turning into a broader rethink of the consensus short-dollar trade of the past few months, ING's FX analyst Francesco Pesole notes.
Dow Jones Index futures are showing minor gains during Friday’s European morning session, but remain close to the weekly low on Thursday.
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 softer note near 99.30 during the early European session on Friday. Traders brace for comments from Federal Reserve (Fed) policymakers later on Friday.
The Dow Jones Industrial Average (DJIA) knocked sharply lower on Thursday following a week-long meandering period. The Dow tumbled into the 46,300 region after opening the American market session near 46,600, knocking the major equity index down around 300 points at the time of writing.
US Dollar (USD) keeps charging across the majors, closing-in on the upper bound of its range dating back to June. We’re still flying blind amid the ongoing US government shutdown, with key economic data releases on hold and visibility on the economy sharply reduced.
After a strong few days, the dollar rally has started to stall. Notably, the media pushing the hawkish elements of the FOMC minutes failed to move both the dollar and short-dated US yields last night.
Dow Jones futures remain steady near 46,850 during European hours on Thursday, ahead of the regular session opening in the United States (US). The S&P 500 futures hover around 6,800, while Nasdaq 100 futures inch higher 0.03% to stay near 25,350.
The US Dollar has bounced up strongly from session lows at 98.65 area in Asia to resume its broader bullish trend, returning above the 99.00 level to test Wednesday’s highs at 99.06 at the early European session.The US Dollar Index, which measures the value of the USD against a basket of six majors,
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 98.75 during the Asian trading hours on Thursday. The DXY edges lower amid US government shutdown concerns.
The Dow Jones Industrial Average (DJIA) tilted back into the bullish side on Wednesday, recovering recently lost ground and retesting the 46,800 level as major indexes look to reestablish their top-heavy stance.
With no major US data releases amid the government shutdown, markets remain subdued as investors await news on when the delayed September labor report will be published. While tonight’s FOMC minutes may shed light on internal divisions, they are unlikely to move the dollar.
The dollar’s strong performance since the start of the week has largely stemmed from negative political developments weighing on the euro and yen. These two currencies make up 71% of the DXY index, which is now at its highest since early August, ING's FX analyst Francesco Pesole notes.
Dow Jones futures added 0.12% to trade above 46,900 during European hours on Wednesday, ahead of the regular session opening in the United States (US). The S&P 500 futures rise 0.17% to trade above 6,750, while Nasdaq 100 futures gain 0.21% to remain around 25,100.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the third successive day and trading around 98.90 during the Asian hours on Wednesday.
The Dow Jones Industrial Average (DJIA) knocked lower on Tuesday, following the broader market into the low side. Investors are reconsidering their disregard for the US government shutdown that has dragged into its second week and shows no signs of resolution.
The US Dollar (USD) remains well supported with broad gains against all of the G10 currencies, building on Monday’s strength in an environment of elevated political uncertainty in the US and France, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The US Dollar Index (USD) has gone a little bid this week – largely down to the weakness in the yen, which has a 14% weight in the DXY. At the same time, the dollar is an expensive short position given its 4.15% per annum one-week interest rate.
Dow Jones futures edge down by 0.24% to trade below 46,850 during European hours on Tuesday, ahead of the regular session opening in the United States (US). The S&P 500 futures decline 0.13% to remain below 6,800, while Nasdaq 100 futures fall 0.11% to trade around 25,150.
US Dollar (USD) traded subdued overnight in absence of key data. DXY last seen at 98.38 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The US Dollar has shrugged off concerns about the US government shutdown and expectations of Federal Reserve monetary policy easing, to appreciate for the second consecutive day.
The Dow Jones Industrial Average (DJIA) struggled to keep its footing on Monday, kicking off the new trading week opening at record highs above 46,800. The Dow slipped early on Monday after investors briefly showed frayed nerves, but general market sentiment continues to drift into the high side.