The US Dollar (USD) steadied near yesterday’s highs as investors focus on today’s November CPI release. Fed Governor Waller’s dovish comments highlight that policy rates remain above neutral, keeping the door open for future easing despite sticky inflation around 3% y/y, BBH FX analysts report.
The Dollar Index (DXY) found support at 98.000 following November’s weak payrolls report, which confirmed ongoing labor market softness but was not weak enough to prompt an early Fed rate cut.
The US Dollar (USD) traded in a subdued range overnight as markets await tonight’s November CPI report, which could sway expectations for 2026 rate cuts.
The Dollar Index (DXY) remains supported above 98.00 as recent US data and Fed commentary have had little impact, with attention shifting to today’s ECB meetings for potential near-term direction, ING's FX analyst Chris Turner notes.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after registering little gains in the previous session and trading around 98.50 during the European hours on Thursday.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to build on the previous day's modest recovery gains and oscillates in a narrow band during the Asian session on Thursday.
The US Dollar (USD) gained amid holiday positioning and a Trump-imposed Venezuelan oil blockade, though slowing labor market trends suggest the Fed could ease more aggressively in 2026.
A double-NFP data release always had the potential to fuel a spike in volatility and a shift in market pricing into year-end, but alas it was not to be with the data certainly indicating still weak labour market conditions, but just not weak enough to see global investors reconsider the current prof
USD recovered strongly against all major currencies after hitting a ten-week low yesterday. Gold and crude oil prices got a modest boost after the US ratchet-up pressure on Venezuela. President Donald Trump ordered a total blockade of all sanctioned oil tankers going into and leaving Venezuela.
Combined October and November US jobs data reinforced downside risks to the labor market, with unemployment rising to 4.6%, while markets now await Fed’s Christopher Waller’s speech for further clues ahead of Thursday’s ECB meeting, ING's FX analyst Chris Turner notes.
US Dollar (USD) eased around the November payrolls report, which highlighted ongoing labor market weakness but lacked the severity to shift rate cut expectations, keeping the Fed’s easing bias intact ahead of Thursday’s CPI release.
The US Dollar (USD) edges higher during the Asian session on Wednesday and recovers further from its lowest level since early October, around the 97.90-97.85 region, touched the pervious day.
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.