Tag Archives: DXY

The US Dollar Index (DXY) rose to four-month tops north of the 105.00 hurdle on the back of Trump’s win and higher US yields. The Fed’s interest rate decision will be at the centre of the debate, seconded by weekly Initial Jobless Claims and Wholesale Inventories.The US dollar has touched …

European stock markets opened cautiously higher on Wednesday as investors remained wary of escalating tensions in the Middle East while turning their attention to upcoming employment data from the Eurozone. Markets Show Cautious OptimismDespite concerns over geopolitical risks, major European indices displayed modest gains: Germany’s DAX rose by 0.1%France’s CAC …

The U.S. dollar edged lower on Thursday as traders awaited more speeches from key Federal Reserve policymakers, following a sharp rally in the previous session. The Dollar Index, which measures the greenback against a basket of six other currencies, was down 0.1% to 100.565 as of 04:40 ET (08:40 GMT). …

The market is still overestimating Fed easing even while the Fed is defying dovish expectations. S&P Global preliminary September PMIs came in above forecasts, indicating that the economy is still doing well. Fed representatives will make an effort to temper their dovish remarks. Amidst growing concerns of a recession, the …

The US Dollar experienced a decline in recent trading sessions, primarily driven by weaker-than-expected economic data. The release of the Consumer Confidence and Richmond Fed Manufacturing Index for September both fell below market expectations, suggesting a potential for more aggressive interest rate cuts by the Federal Reserve in the coming …

The U.S. dollar rebounded on Thursday following a decline the previous day, as central bank decisions continued to impact currency markets. The dollar index, which measures the dollar against six major peers, rose by 0.29% to 104.35. This recovery came after a 0.4% drop the day before, when the Federal …

In addition to giving up previous gains, the EUR/USD pair was trading lower at 1.0805 during Wednesday’s second half of the day. With a -0.18% decline and a current value of 104.263, the DXY Index is in negative territory. DXY is impacted by disappointing US private sector job data, which …

The dollar and yen remained in narrow trading ranges on Tuesday as investors awaited crucial monetary policy decisions from the Bank of Japan (BOJ) and the Federal Reserve, which are expected to set the market tone for the coming weeks. Yen PerformanceThe Japanese yen paused its recent rally, which saw …

As stable US core PCE inflation growth seems insufficient to affect firm Fed rate-cut expectations, the US dollar declines. It is largely expected that the Fed will hold interest rates steady the following week. The confidence of Fed policymakers on the return of inflation to a 2% path has increased. …

US Dollar DXY reduced losses on strong Q2 GDP data. The US economy seems to be holding up, but dovish bets on the Fed are still in place. The Fed continues to take a data-dependent approach in the interim and holds off on making any cuts very soon. Following a …