Tag Archives: us dollar

The GBP/USD pair has not recovered much after Tuesday’s steep drop, but it is currently trading around 1.2644. This week’s UK data is scarce as investors prioritize US labour and economic activity data. Leading the way is the US ISM Manufacturing Purchasing Managers’ Index, whose December PMI surpassed forecasts but …

On Tuesday, the US dollar emerged victorious overall, with a strong appreciation vs all of its main competitors. By the end of 2024, investors were back in the USD due to signals of slowing global growth. S&P Global published the Manufacturing PMIs for December for a number of significant economies, …

The EUR/USD pair reached an 18-week high on Friday, but slipped back towards 1.1000 as markets wind up operations before heading into the holiday break. The US dollar is declining as investors anticipate rate cuts due to slowing inflation in the US. The Core Annualised PCE Price Index for the …

The core Personal Consumption Expenditures Price Index would increase by 0.1% in November, signifying a 3.3% increase from the previous year according to market estimates. Policymakers should take heart from this since it provides a steadier picture of pricing pressures by removing unpredictable prices for food and petrol.A 3.3% reading …

The Swiss Franc is testing higher ground against the US Dollar on Thursday, as risk appetite increases due to lower US inflation data. The USD/CHF pair slipped through the 0.8600 handle, bolstering all major currencies and lifting the Swiss Franc into a new twenty-week high against the dollar. The US …

The US Dollar rose on Wednesday, supported by US economic data and a slight deterioration in market sentiment as well as hawkish remarks by Fed’s Patrick Harker on the rate policy outlook.Holiday-linked rally was paused, with Wall Street’s main indexes about to end a five-day positive streak on profit taking. …

The USD was not greatly affected by the Wednesday’s US home data, but the DXY Index recorded gains of 0.35% per day after Fed’s Harker commented that the bank won’t cut rates right away.Philadelphia Federal Reserve President Patrick Harker has expressed his opposition to further US central bank interest rate …

The PCE inflation data, in the United States, on Friday is expected to be the final key piece of data for the year, and an upside surprise is required to give the Fed’s push-back attempts more credibility. If an upside surprise does not materialize, it will be difficult for the …

The Japanese Yen suffered a significant decline on Tuesday as a result of the Bank of Japan’s dovish stance. Governor Kazuo Ueda noted the challenge of articulating a plan to leave the negative interest rate policy, but the BoJ did not specify a timeline for liftoff. The USD/JPY pair first …

As of writing, the price of gold has surged by 0.55% to $2,038.16 per ounce. The yield on the 10-year US Treasury note is at its lowest level since July as interest rates continue to decline. The US Core Personal Consumption Expenditures (PCE) Price Index is still the major focus. …