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Currencies, Markets

Euro falls due to political instability; dollar awaits Fed meeting

June 10, 2024 OnEquity

The euro fell on Monday, hitting one-month lows due to increased political instability and uncertainty in the region, while the U.S. dollar awaits the Federal Reserve’s meeting later this week. Euro plummets on political instability Following the results of the European Parliament elections, which ended on Sunday, the euro fell as Euroskeptic nationalists made the […]

Currencies, Markets

Dollar rebounds from two-month lows; ECB cuts rates this week

June 5, 2024 OnEquity

The U.S. dollar rose in the early hours of Wednesday’s European session, bouncing from two-month lows in anticipation of further signals about future economic policy. Dollar strength likely to continue The dollar has risen by more than 3% this year, largely because the economy has been strong and inflation has kept interest rates on hold […]

Currencies, Markets

Dollar steady ahead of jobs data; euro slides

June 4, 2024 OnEquity

In the early hours of Tuesday’s European session, the U.S. dollar was advancing, showing signs of recovery after sharp losses overnight, while the euro was losing ground after weak German jobs data. JOLT data in focus  The dollar stabilized on Tuesday, recovering from sharp losses at the start of the week, driven by data showing […]

Currencies, Markets

Dollar rallies on rising yields, euro on inflation expectations

May 29, 2024 OnEquity

In the early hours of Wednesday’s European session, the US dollar moved strongly in anticipation of key inflation data, taking advantage of growing expectations that the Federal Reserve will delay interest rate cuts until the end of the year. The dollar benefited from rising yields The dollar remains in a narrow range as traders cautiously […]

Currencies, Markets

Dollar unchanged ahead of inflation this week

May 27, 2024 OnEquity

Most currencies in Europe and Asia were flat on Monday, while the dollar was unchanged in thin trading, awaiting more interest rate signals from the US ahead of key inflation data this week. Public holidays in the US and the UK limited market trading volumes. Similarly, most regional currencies experienced losses the previous week, after a series […]

Currencies, Markets

Ahead of the FOMC minutes and Fed speeches, the dollar remains steady

May 20, 2024 OnEquity

On Monday, the US dollar started the week steady, amid anticipation of upcoming changes to US interest rates. Dollar steady in anticipation of Fed minutes and new speakers Last week, the slowdown in US inflation influenced the dollar by increasing the likelihood of a Federal Reserve interest rate cut this year. However, the dollar recovered somewhat after […]

Currencies, Markets

Dollar steady after CPI slump; EUR loses some of its gains

May 16, 2024 OnEquity

The US dollar is steady on Thursday after hitting multi-week lows in the wake of a weak US inflation report, which again put the focus back on the Fed’s rate cuts. Dollar on downtrend after key inflation data The dollar continued to slide after the latest US inflation data prompted expectations that the Federal Reserve would likely make two interest rate cuts this year, […]

Currencies, Markets

Dollar unchanged ahead of inflation data while pound loses ground after employment figures

May 14, 2024 OnEquity

The US dollar remained unchanged on Tuesday, awaiting the release of key inflation data that will likely influence future interest rate decisions. Dollar unchanged in anticipation of inflation data The dollar, along with the currency market, has started the week quietly, awaiting the latest data on US inflation, which is likely to determine near-term sentiment […]

Currencies, Markets

Dollar Down: Stabilizes After Key Inflation Data

May 13, 2024 OnEquity

The US dollar edged lower on Monday, consolidating after recent swings, as attention shifted to upcoming US inflation data for guidance on interest rates. The dollar awaits important inflation data Last week, the dollar experienced significant swings as mixed US economic data cast doubt on the timing of Federal Reserve rate cuts this year. However, […]

Currencies, Markets

Dollar rises after Fed statement, pound loses ahead of meeting

May 9, 2024 OnEquity

The U.S. dollar gained ground on Thursday, trading in a tight range ahead of important U.S. inflation data next week, while the pound lost ground ahead of the Bank of England meeting. Tight trading range ahead of US CPI The dollar managed to stabilize this week, after the sharp losses of the previous week, as […]

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