Tag Archives: USD

Oil prices remained largely unchanged on Tuesday, with investors holding off major moves ahead of OPEC’s anticipated monthly report. Market sentiment was also shaped by China’s recent underwhelming stimulus measures and continued oversupply concerns. As of 07:45 GMT, Brent crude futures inched up 4 cents to $71.87 per barrel, while …

The U.S. dollar continued its upward momentum on Tuesday, reaching a four-month peak as financial markets factored in the impact of an incoming Donald Trump administration and a potentially more hawkish Federal Reserve stance. At 04:00 ET (09:00 GMT), the Dollar Index, which measures the currency against a basket of …

The U.S. dollar found renewed strength on Friday, looking to wrap up a week marked by high volatility with a modest gain. The currency’s movement reflects global markets processing the implications of Donald Trump’s return to the White House, with significant effects anticipated on U.S. economic policy and interest rate …

The U.S. dollar pulled back slightly on Thursday, easing from a four-month high reached after Donald Trump’s victory in the 2024 presidential election. Market participants are now focused on upcoming monetary policy announcements from the Federal Reserve and other central banks. Fed Rate Cut Anticipated The Federal Reserve is expected …

The election of Trump increases the likelihood of policy-induced inflation, which forces the Fed to maintain its restrictive stance for a longer period of time. A 25 basis point cut is anticipated when the FOMC meets on Thursday.The US economy is still expanding at or above the trend. Following former …

Crude oil stoops and bounces back following a 3% decline earlier due to Trump’s victory in the US presidential election. As Trump is declared winner and gets an inconsecutive second term as US president, the effects of Tropical Storm Rafael on the Gulf become less significant. On Wednesday, the US …

As Americans prepare to cast their ballots on Tuesday, the price action of the US dollar is slowing down. In the event of a very close outcome, traders prepare for volatility because it may take days or weeks to choose the next US president. The US dollar index is holding …

US Election Driving Market Sentiment WorldwideThe US Dollar Index (DXY) weakened early this week as investors unwound positions related to the “Trump trade” and grew cautious ahead of the US election on Tuesday and the FOMC meeting on Thursday.Key Currency Pairs and Economic Events:EUR/USD: The pair climbed above 1.0900, but …

Monday saw a decline in the value of the US dollar as Ipsos surveys predicted that Vice President Kamala Harris will win the US presidential election. With the FOMC meeting taking place amid uncertainties surrounding the US presidential election, traders are in for a highly tumultuous week. The US dollar …

The US Dollar Index (DXY) traded mixed on Monday as investors continued to grapple with rising geopolitical tensions in the Middle East and the implications of Friday’s strong jobs report. Despite higher US yields, the DXY remained near recent peaks above 102.00.Key Economic Events for Tuesday, October 8:US: NFIB Business …