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 US Dollar has bounced up from three-year lows on Monday, but remains depressed below the 97.00 level.
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 US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing its losing streak that began on June 19, while trading around 97.20 during the European hours on Monday.
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 US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining subdued for the seventh consecutive day and trading at around 97.30 during the early European hours on Friday, close to the 97.00 level, the lowest level since March 2022, recorded o
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, remains on the defensive near 97.25, its lowest level in three and a half years during the Asian session on Wednesday.
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
Pressure on the dollar has persisted as the combined effect of abating geopolitical risk and a dovish tilt by some Fed members keeps favouring short positions.
US Dollar (USD) continued to come under pressure on softer US housing data overnight and in reaction to report that Trump may consider nominating the next Fed Chair earlier around September or October. DXY was last seen at 97.20, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The US Dollar is trading lower for the sixth consecutive day on Thursday, as Trump’s attacks on Fed Chairman Jerome Powell have undermined confidence in the US central bank and revived the “Sell America” trade.
The NZD/USD pair extends its winning streak for fourth trading day on Thursday, rises to near 0.6065.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, tumbles to a fresh three-and-a-half-year low near 97.60 during the early European session on Thursday.
The Dow Jones Industrial Average (DJIA) missed the bullish train on Wednesday, churning chart paper near the 43,000 major price handle as Dow traders ease into a lull after a tense start to the week.
The US Dollar (USD) is a little firmer overall on the day so far but its broader performance only reflects a consolidation in this week’s sharp losses.
The US Dollar is trading with minor gains on Wednesday, trimming losses after a nearly 1.30% decline on the previous two days.
US Dollar (USD) drifted lower, on softer-than-expected US consumer confidence and in response to Fed Chair’s comments overnight.
Geopolitical risk has continued to diminish for markets, as the Israeli-Iranian truce has held since yesterday morning.
The US Dollar (USD) extended near-term bearish momentum, falling sharply and extending into a four-day decline as investors settle into a comfortable risk-on stance, stepping out of the safe-haven Greenback and into riskier assets as investors bank on a continued cooling of recent Middle East tensio
The Dow Jones Industrial Average (DJIA) rallied on Tuesday, with equity markets bolstered across the board as the Israel-US-Iran conflict looks set to continue cooling off. Crude Oil markets are receding, falling into two-week lows and further easing market fears.
The US Dollar Index (DXY) is trading lower on Tuesday following news of a ceasefire agreement between Israel and Iran, which has alleviated demand for the US Dollar (USD). At the time of writing, the DXY is trading near 97.65, just above the June low of 97.61.
The US Dollar is one of the worst performers on Tuesday, hammered by weaker demand for safe assets, after the ceasefire between Israel and Iran and higher hopes for further Fed easing in the coming months.The DXY, which measures the value of the US Dollar against the world’s six most traded currenci
While the 'ceasefire' between Israel and Iran declared by President Trump yesterday looks fragile—Israel is reportedly ordering a new strike on Iran after an alleged breach of the truce—markets continue to trade as if the conflict is over.