The U.S. dollar gained value at the start of Tuesday’s trading day in Europe, showing signs of recovery after significant declines over the previous weekend, while the Japanese yen continued to lose ground despite intervention warnings. The dollar is stable after Friday’s fall The dollar stabilized on Tuesday, showing small signs of recovery from last week’s losses after non-farm payrolls data failed to […]
The dollar stabilized after the employment data
On Monday, the U.S. dollar stabilized after last week’s decline in the wake of weaker-than-expected nonfarm payrolls data, which prompted market participants to look ahead to the timing of possible interest rate cuts by the Federal Reserve this year. Last week, the U.S. dollar fell to a three-week low amid speculation that the Fed might cut rates from multi-decade highs, […]
Dollar Awaits Jobs Report, Yen Poised for Losses
On Friday, the U.S. dollar is barely losing ground, with market activity quiet ahead of the monthly U.S. jobs report. Meanwhile, the yen is on track for its worst weekly loss in almost a year. The dollar awaits the jobs report The dollar has been in a downtrend for most of the week, following comments by Federal […]
Dollar stabilizes after Powell’s speech
The U.S. dollar stabilized on Thursday after a significant overnight loss, following Federal Reserve Chairman Jerome Powell’s firm dismissal of further rate hikes this year, while the Japanese yen experienced volatility amid speculation of potential intervention. Powell dismisses further rate hikes Federal Reserve Chairman Jerome Powell stated that the battle against inflation is more prolonged than […]
Dollar moves in expectation of meeting, Yen loses ground
The U.S. dollar strengthened on Tuesday ahead of the Federal Reserve’s latest policy meeting on interest rates, while the Japanese yen weakened following suspected government intervention. Fed meeting approaching On a general view, the dollar has been in high demand this month, as a series of stronger-than-expected U.S. inflation data has caused currency market investors […]
Dollar loses ground, Yen soars
For those following currency market trends, the U.S. dollar lost ground on Monday ahead of the Federal Reserve’s latest meeting, while the yen soared on speculation that Japanese authorities have intervened to support the currency. PCE data points to an untimely rate cut Despite gaining about 1% this month, the dollar lost ground in early […]
Yen hits new 34-year low
The yen (JPY) has lost nearly 10% of its value against the dollar this year, becoming the worst-performing G10 currency. It hit a new 34-year low and breached the 157 level against the dollar (USD) after the Bank of Japan signaled that monetary policy would remain loose, fueling speculation that Japanese authorities might soon intervene […]
Dollar falls, Euro reverses a portion of its gains
The dollar regained ground in the European trading session on Wednesday after the previous day’s decline, as market participants closely watched for further signals about the Federal Reserve’s future monetary policy intentions. Slowing economic growth weighs on the dollar The easing of tensions in the Middle East, after Iran signaled that it does not want to […]
Dollar flat, Euro gains on PMI data
The U.S. dollar remained flat during Tuesday’s European session, while a rebound in Europe’s service sector activity for April boosted the euro. Dollar Declines Amid Weakening Safe-Haven Sentiment The easing of tensions in the Middle East in recent days, as Iranian Foreign Minister Hossein Amirabdollahian has signaled that the Islamic Republic has no intention of […]
Dollar unchanged ahead of inflation report
Amid global currency evaluations, the U.S. dollar remained stable today. This quiet trading day comes as geopolitical tensions in the Middle East appear to be easing and as markets anticipate the release of the Federal Reserve’s preferred inflation indicator next Friday. The dollar remains unchanged in anticipation of the inflation report The dollar reached new […]