Tag Archives: us dollar

Market Drivers – US Session 14/04/2023 Markets are digesting mixed signals amid a state of renewed uncertainty. Not even officials of major central banks know what to do or what they will have on their agendas next. After crucial economic data from the US, what is clear is that the …

Although petrol prices decreased in March, consumer prices in the United States hardly increased. However, stubbornly high rents maintained underlying inflation pressures at a simmer, making it probable that the Federal Reserve will increase interest rates again next month. However, the Labor Department’s data on Wednesday contained some positive news …

The US Dollar performs negatively on Tuesday and weakens against its major rivals as investors gear up for the highly anticipated March Consumer Price Index (CPI) data from the US. The US Dollar Index, which closed the previous four trading days in positive territory, retreats toward 102.00, reflecting the lack …

The US Dollar Index has rebounded slightly after a two-day slide despite disappointing US data. The inflation component of the PMI survey, the Price Paid sub-index, edged lower to 69.5 from 65.6 in February. The Employment sub-index fell to 51.3 from 54. Economic activity in the US services sector expanded …

The bearish pennant on the AUD/USD is still active. The pair rose to a 4-week high of 0.67585 as the US dollar fell on Monday, giving up gains made after unexpected cuts to OPEC+ oil supply. According to US data, manufacturing and construction spending decreased, and the US economy continued …

The dollar rose on Monday as fears about inflation returned after the surprise announcement by major oil producers to cut production further. The announcement by the Organization of the Petroleum Exporting Countries and its allies, in what is known as the OPEC + group, came after data showed on Friday …

The American dollar was not supported by surging Treasury yields. The EUR/USD shifted in the direction of 1.0850. The USD/JPY pair fell back when it encountered resistance near 131.50, while the AUD/USD rose again above the 0.6700 mark.Despite surging Treasury yields, the Dollar Index shows that the US dollar is …

After falling to a 7-week low of 101.91, the US Dollar Index (DXY) rises 1.58%. The DXY hit a daily low of 102.50 before trading as of this writing at 103.094. The DXY is neutrally biassed on the daily chart because it is still above the 100.85 2023 low. The …

The Fed is expected to hike interest rates by 25 basis points. The dot plot, or Overview of Economic Projections, will influence how the markets respond. The FOMC must strike a balance between dealing with inflation pressures and financial issues. The likelihood of a 25 bps increase this week is …

Wall Street indexes rose sharply on Tuesday ahead of the Federal Reserve decision, led by shares of regional banks. First Republic stock rose 29%. The Dow Jones gained 0.98%, and the Nasdaq advanced 1.58%. Banking fears keep easing, paving the way for more tightening from central banks. US Treasury Secretary …