Tag Archives: USD

Market Drivers: US Session, September 20 US Dollar Strengthens Amidst Fed Rate Cut and Economic OptimismThe US Dollar gained momentum following the Federal Reserve’s interest rate cut, reflecting growing market optimism about the US economy. The New York Fed’s Nowcast model projects robust economic growth in the third and fourth …

Gold prices experienced a significant decline after the Federal Reserve (Fed) announced a 50-basis point rate cut. Despite the reduction, the Fed projected the federal funds rate to reach 4.4% by the end of 2024, indicating a continued tightening stance.Rate Cut and Outlook: The Fed’s decision to lower borrowing costs …

The Euro has experienced a decline in recent trading, primarily due to a combination of weak economic data and growing expectations for a Federal Reserve interest rate cut. As investors digest the implications of these developments, the currency pair has come under pressure.Weakening Economic SentimentA key factor contributing to the …

The September 2024 FOMC meeting is poised to conclude on September 18th, with Fed Chairman Powell’s press conference following. Traders and economists are divided over the size of the rate cut, with 59% odds of a 50bps interest rate cut and 41% probability of a 25bps cut per CME FedWatch. …

The selling sentiment that was undermining the dollar on Monday persisted, as traders continued to assign more weight to the possibility that the Fed might shock the markets by lowering interest rates by a half percentage point on Wednesday. For the third straight day, the US Dollar Index (DXY) fell, …

Amid increasing speculations that the Fed would cut interest rates by a larger margin later this week, gold prices hit a record high in Asian trade, earlier on Monday. Though Trump seemed uninjured, reports of a second attempt on the Republican presidential nominee’s life reportedly increased demand for safe haven …

The U.S. dollar dropped to a one-month low against the yen and faced pressure from other major currencies on Thursday as concerns about the U.S. economic outlook fueled expectations of a substantial interest rate cut from the Federal Reserve in the coming week. The yen reached a one-month high earlier, …

The U.S. dollar inched higher on Tuesday, holding close to a two-week high as investors prepared for a series of significant economic data releases this week, including Friday’s U.S. payrolls report. These data points are expected to influence the size of an anticipated interest rate cut by the Federal Reserve. …

The U.S. dollar strengthened against major currencies on Monday as investors scaled back their expectations for aggressive interest rate cuts by the Federal Reserve. This shift in sentiment followed the release of inflation data that indicated a less urgent need for the Fed to take more drastic measures to curb …

The US Dollar continued its upward trajectory, boosted by higher interest rates and stronger-than-expected economic indicators. This surge was particularly pronounced ahead of the release of crucial Personal Consumption Expenditure (PCE) inflation data on Friday.Economic Data:Initial jobless claims fell to 231,000 for the week ending August 25, compared to the …