Tag Archives: DXY

The dollar steadied on Friday, but was on track to end the week lower after a six-week winning streak, while investors turned their focus to Donald Trump’s presidential inauguration and awaited the incoming administration’s policies. Earlier during the North American session, the US Dollar was easing in the last trading …

The US Dollar experienced a minor setback following the release of the December Producer Price Index (PPI) data, which came in below market expectations. This unexpected development ignited fresh debates about the trajectory of inflation and the potential impact on the Federal Reserve’s monetary policy.The softer-than-expected PPI figures, with core …

The US dollar has continued its upward trend since the beginning of the new trading week, during the North American trading session, supported by recent developments in the financial markets last week, particularly regarding the policies of US President-elect Donald Trump and US employment data. The most prominent of these …

The US stock market experienced a decline in the holiday-shortened week, with the S&P 500 and Nasdaq Composite declining by 1.1% and 1.5% respectively largely due to the performance of the communication services and information technology sectors. However, US Treasury yields have continued to rise, surpassing the 4.6% mark, largely …

The US Dollar gained momentum on Monday, approaching a two-year peak. This upward trend was fueled by an upward revision in November Durable Goods orders, surpassing initial estimates.Key Developments:Government Shutdown Averted: A last-minute deal prevented a government shutdown, easing market concerns ahead of the holidays.Durable Goods Upward Revision: The upward …

The U.S. dollar ended the week on a high note, hitting a two-year peak as hawkish signals from the Federal Reserve continued to bolster its appeal. In contrast, global currencies faced significant pressure, with the yen, sterling, and commodity-linked currencies like the Australian and New Zealand dollars recording steep losses. …

Central Banks Hold Steady, US Core PCE in Focus The Bank of England and the Bank of Japan both held interest rates steady at their respective policy meetings. While the BoE’s decision had a limited impact on the Pound, the BoJ’s rate hold weighed heavily on the Yen.With a relatively …

The U.S. dollar maintained its strength on Wednesday as investors braced for the Federal Reserve’s highly anticipated policy decision. The central bank is expected to implement a “hawkish cut,” reducing interest rates by 25 basis points while signaling a more restrained approach to easing in 2025. Markets are keen to …

The US Dollar (USD) gained strength on Monday, as positive economic data bolstered investor sentiment. The preliminary S&P Global Services Purchasing Managers’ Index (PMI) for December came in at 58.5, significantly surpassing expectations of 55.7 and the previous reading of 56.1. This robust figure indicates a strong expansion in the …

The US Dollar found itself caught in a tug-of-war on Tuesday, fluctuating between gains and losses. Initially, the Greenback strengthened as President-elect Trump’s threat of imposing tariffs on key trading partners fueled uncertainty and boosted demand for the safe-haven currency. However, this bullish momentum was tempered by the release of …