The U.S. dollar retreated on Wednesday in the wake of the latest reports on U.S. economic activity, which stoked concerns about a possible sharp economic slowdown, a so-called hard landing, ahead of the jobs report due on Friday. Dollar Traders Uneasy Ahead of Jobs Report On Tuesday, the ISM report on U.S. economic activity came […]
Dollar Is Calm Ahead of ISM Release and Labor Market Data
The U.S. dollar is calm on Tuesday as investors await key economic data, including Friday’s payrolls report, which could set the stage for a rate cut by the Federal Reserve later this month. Dollar Focuses on Labor Market The U.S. ISM manufacturing survey, due later in the session, is the first major indicator in a […]
Dollar Awaits Payrolls, Euro Gains
The U.S. currency retreated slightly on Monday amid light trading due to the holiday, as traders await key labor market data as they look for signs of possible interest rate cuts by the Federal Reserve. This Monday, activity will be minimal due to the U.S. Labor Day vacation. Dollar Focuses on Payrolls Report The dollar […]
Dollar Hovers Near Recent Lows, Labor Market Data Decisive
The U.S. dollar traded little changed in early European trading on Tuesday, supported somewhat by rising geopolitical tensions, although it remained near its recent lows ahead of the Federal Reserve’s impending interest rate cut. Job Market Data Boosts the Dollar The dollar rose on Tuesday as geopolitical tensions in the Middle East, Libya, and Ukraine […]
Dollar Rebounds but Continues Near Seven-Month Lows
The U.S. dollar rose in early European trading on Wednesday but remains near seven-month lows, as the Federal Reserve minutes from its last meeting and likely revisions to payroll data point to a rate cut next month. The dollar loses strength in anticipation of Fed minutes and payroll revisions The dollar has been under pressure, […]
Dollar Declines on Rate Cut Expectations, Euro Near Yearly Highs
The U.S. dollar declined on Tuesday, approaching seven-month lows amid expectations that the Federal Reserve will cut interest rates in September. Dollar Weakens on Optimism Ahead of Fed Rate Cut The U.S. dollar has fallen by more than 2% over the past month, in line with U.S. Treasury yields, amid growing optimism that the Federal […]
Dollar Gains Bearish Momentum, Pound Reaches One-Month Highs
The U.S. dollar fell ahead of the release of the Federal Reserve’s July monetary policy meeting minutes and Chairman Jerome Powell’s upcoming speech at Jackson Hole near the end of the week. Dollar Downtrend Begins To Gain Momentum The minutes, which will be released on Wednesday, and Jerome Powell’s speech on Friday are likely to […]
Dollar Awaits CPI, Pound Falls
The U.S. dollar stabilized on Wednesday, benefiting from the previous night’s weakness ahead of the release of the July Consumer Price Index, while the British pound weakened following benign inflation data. Dollar Slides on CPI Expectations The U.S. dollar retreated on Tuesday after the Producer Price Index (PPI) for July came in below expectations, prompting […]
Dollar Rises in Light of PPI, Pound Rises on Wage Data
The U.S. dollar traded within a narrow range as traders awaited the July Producer Price Index (PPI) data, the first of the week’s inflation data, as a roadmap for future monetary policy decisions by the Federal Reserve. Dollar Awaits PPI Data The Producer Price Index, which measures changes in producer prices, is expected to rise […]
Dollar Rises Ahead of CPI
The U.S. dollar rose on Monday during a light trading day as traders awaited the release of key inflation data later in the week, seeking clues about the Federal Reserve’s upcoming policy decisions. Dollar gains on CPI expectations The dollar received support at the end of the previous week after better-than-expected U.S. jobs data led […]