The US Dollar continued its winning streak, gaining for the fifth consecutive day, as markets digested recent economic data and adjusted their expectations for Federal Reserve interest rate cuts. The US Dollar Index (DXY) climbed to near 104.00, buoyed by a combination of factors. First, the European Central Bank’s (ECB) …
Read More »After US Jobless Claims reading, USD/JPY rises back above 140.00
The USD/JPY recorded advances for a fifth straight day, reaching a peak just shy of 140.40. The second week of July saw a slowdown in Jobless Claims, which fueled an increase in US rates. The Fed Survey and Existing Home Sales in Philadelphia produced subpar results. The pair is trading …
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