US Dollar (USD) continued to drift higher, taking cues from a divisive Fed, OCBC's FX analysts Frances Cheung and Christopher Wong note. DXY last at 99.96 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Following the blackout period and last week's Fed meeting, the momentum behind officials' statements continues to grow.
This week is all about reassessing December Fed rate cut expectations. That process began with Chair Powell’s press conference last Wednesday and continues with FOMC member remarks and the limited data still being released, ING's FX analyst Francesco Pesole notes.
Dow Jones futures move down by 0.72% to trade below 47,150 during European hours, with the S&P 500 futures and Nasdaq 100 futures declining 0.92% and 1.25%, trading below 6,850 and 26,000, respectively, during the European hours ahead of the United States (US) regular opening on Tuesday.
The Dow Jones Industrial Average (DJIA) faced fresh declines on Monday, kicking off the new trading week with a 200-point decline. The Dow briefly tested below the 47,250 level for the first time in over a week, as 'Magnificent 7' concentrated investment gains lift other indexes.
The US Dollar (USD) is extending gains against the majors to start the week, building on last week’s post-FOMC strength to pull the DXY above the 99.50 zone to reach its highest since August, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
US Dollar (USD) is building on last week’s advances, BBH FX analysts report.
Risk currencies are not seeing the typical boost one would have expected after the US and China agreed on a one-year trade truce last week. We think there are two factors currently at play keeping the dollar the dominant story, ING's FX analyst Chris Turner notes.
Dollar Index (DXY) extended its rise this morning. DXY last at 99.87, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The US Dollar remains buoyed by the hawkish message delivered by the Federal Reserve (Fed) after its October monetary policy meeting.
Dow Jones futures remain steady above 47,700 during European hours, with the S&P 500 futures and Nasdaq 100 futures gaining 0.11% and 0.19%, trading around 6,880 and 26,050, respectively, ahead of the opening of the United States (US) regular session on Monday.
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 around 99.75 during the Asian trading hours on Monday. The DXY edges higher on the hawkish stance from the US Federal Reserve (Fed).
The Dow Jones Industrial Average (DJIA) is poised to end the trading week near where it started, with price action churning familiar territory around the 47,500 region.
The US Dollar (USD) is tracking a little higher overall into the end of the week, with a minor gain for the Euro (EUR) leaving it as the only currency in the green on the day, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Dow Jones Index futures are showing marginal gains during Friday’s European morning session, retracing some of Thursday's reversal.
The US Dollar (USD) remains broadly supported after Fed Chair Powell’s remarks tempered expectations for near-term easing. Markets now price roughly two-thirds odds of a December rate cut, down sharply from earlier in the week.
The US Dollar (USD) found more support yesterday on the tail effect of Fed Chair Powell’s hawkish press conference and, more marginally, the US-China trade deal, ING's FX analyst Francesco Pesole notes.
US Dollar (USD) extended its rise in what looked like 'buy rumor, sell the fact' post-Trump-Xi meeting and FOMC, while there were market chatters of month-end USD demand, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady and trading around 99.50 during the Asian hours on Friday.
The Dow Jones Industrial Average (DJIA) held in place on Thursday, churning chart paper near record highs as investors reconsidered their stance following the Federal Reserve’s (Fed) latest appearance.
The US Dollar (USD) is mixed to slightly firmer as markets grapple with a range of issues driving market sentiment, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The US Dollar is trading higher for the second consecutive day against a basket of currencies.
US Dollar (USD) and Treasury yields are consolidating their post FOMC meeting gains. The US and China agreed to a one year trade truce. Under the deal, both countries plan to cancel some tariffs, roll back export controls and reduce other trade barriers.
The US Dollar (USD) is broadly, albeit modestly, stronger after last night's FOMC statement and press conference. The statement was largely as expected, but the press conference turned into a kind of 'rate protest' from the Federal Reserve.
Not long ago, the long anticipated meeting between Donald Trump and Xi Jinping came to an end, but just from looking at the fx markets you might have missed it.
The Fed's monetary policy decision-making body, the FOMC, is deeply divided. That was probably the most important message from yesterday's meeting and press conference with Fed Chair Jay Powell. According to the Fed Chair, opinions on how to proceed differ significantly.
The Dow Jones Industrial Average (DJIA) shuddered on Wednesday, knocking lower after Federal Reserve (Fed) Chair Jerome Powell warned that the latest Fed interest rate cut may be the last rate move for a little while.
The US Dollar Index (DXY) churned after the Federal Reserve (Fed) delivered a widely-anticipated 25 basis point interest rate cut on Wednesday.
The US Dollar (USD) is running into today’s Fed decision slightly firmer but off its best levels as the DXY remains capped around the 99 level, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
US Dollar (USD) continued to ease slightly from recent highs. DXY last at 98.82, OCBC's FX analysts Frances Cheung and Christopher Wong note.