The U.S. dollar was able to stabilize on Tuesday, while the euro made attempts to recover from last session’s sharp losses. Dollar Stable The U.S. dollar stabilized after last week’s sell-off in the wake of the Federal Reserve’s rate cut. The Fed began its rate-cutting cycle with a sizable 50 basis point reduction, and right […]
Dollar Rebounds, Euro Hit by Poor PMI Data
The U.S. dollar rose on Monday, moving away from the one-year low recorded the previous week, while poor data on economic activity in the euro zone weighed on the euro. Dollar on PCE watch The U.S. dollar has somewhat recovered from the massive sell-off that followed the Federal Reserve’s sharp rate cut last week, and […]
Dollar Continues to Fall Ahead of Fed Meeting
The U.S. dollar declined on Tuesday and was trading near its lowest levels of the year amid growing expectations that the Federal Reserve will cut interest rates this week, likely by a significant margin. Fed Meeting Begins The Federal Reserve begins its latest policy-setting meeting later in the session amid growing expectations that the Fed […]
Dollar Slips Before Fed Meeting, Euro and Pound Advance
The U.S. dollar fell on Monday, while both the euro and the pound rose on expectations that the Federal Reserve will begin a cycle of rate cuts later this week. Is a Big Fed Rate Cut Coming? The U.S. Federal Reserve completes its latest policy meeting on Wednesday and is expected to begin cutting interest […]
Dollar Stabilizes in Anticipation of Fed Rate Cuts
The US dollar remained stable on Monday, as investors waited for the Federal Reserve’s next interest rate decision, expected by the end of September. Meanwhile, the Japanese yen, a safe-haven currency, fell slightly, losing some of its recent gains amid uncertainty over the size of the Fed’s expected rate cut. Last week’s U.S. employment report […]
Dollar Dips on Gains, Fears Ahead of Upcoming Jobs Data
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, […]