Tag Archives: USD

Easing labour market conditions are expected to encourage the Fed to deliver a third interest rate cut next month, even as progress in lowering inflation has stalled. Markets now see a 76% probability of a 25-basis-point rate cut by the Fed in December. Gold has plunged over $170 following the …

U.S. Dollar Surges to One-Year High Amid Rising Yields and Trump’s Economic Policy Expectations 4o The U.S. dollar maintained its strong upward momentum on Thursday, reaching a one-year high against a basket of major currencies, driven by rising Treasury yields and optimism following Donald Trump’s presidential election victory. The dollar …

Oil prices declined in early trading on Thursday, erasing much of the previous session’s gains due to a stronger dollar and ongoing worries about higher global oil output against a backdrop of slow demand growth forecasts. Brent crude futures fell by 45 cents, or 0.6%, to $71.83 a barrel at …

The Euro has continued its downward trajectory, plunging below the 1.0600 level against the US Dollar on Wednesday. This marks a significant decline and a new year-long low for the Euro, highlighting the growing disparity between the two major currencies. A brief respite from the Euro’s weakness was observed following …

Oil prices held steady near two-week lows on Wednesday, following OPEC’s downgrade of its global oil demand growth forecast for 2024 and 2025. Concerns over faltering demand in China also contributed to a cautious market sentiment. As of 10:40 GMT, Brent crude futures had risen by 49 cents, or 0.68%, …

The U.S. dollar continued to strengthen on Wednesday, reaching a new six-and-a-half-month high against a basket of major currencies. This rally has been propelled by anticipation of economic policies from President-elect Donald Trump, including lower taxes, increased tariffs, and deregulation, all of which are expected to fuel inflation and possibly …

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 …