The US dollar rose on Tuesday, rebounding after last session’s losses as a result of a sell-off in technology stocks, driven by growing concerns about trade wars and their impact on global growth. The dollar index, which tracks the greenback’s performance against a basket of six major currencies, increased 0.5% to 107.725, although it remained […]
Dollar Falls on Tariff Uncertainty, Pound Remains Weak
The U.S. dollar declined on Wednesday amid uncertainty over President Trump’s tariff plans, while sterling fell on disappointing government borrowing data. The dollar index, which measures the greenback against a basket of six other currencies, was trading 0.1% lower at 107.755 after a drop of more than 1% at the start of the week. Dollar […]
Dollar retreats ahead of Trump’s inauguration; euro rebounds from record lows
Interest rates are asleep today and US dollar has made big declines in the beginning of this week as it wants to face with a giant political shift with Donald Trump back to the president. The Dollar Index — which gauges the dollar’s stregnth against a basket of six other currencies — fell by 0.3%, closing at […]
Dollar Depreciates in Light of CPI, Pound Stabilizes
The U.S. dollar declined on Wednesday amid a cautious environment ahead of the release of U.S. consumer prices, while sterling lost ground after the release of positive inflation data. The dollar index, which tracks the greenback against a basket of six currencies, was trading 0.2% lower at 108.895, off more than two-year highs set earlier […]
Dollar Falls on PPI Expectations, Pound Under Pressure
The U.S. dollar declined on Tuesday, weighed by uncertainty over President-elect Donald Trump’s monetary policy stance. However, it remained near two-year highs ahead of the release of key inflation data for the week. In early trading, the dollar index, which tracks the greenback against a basket of six other currencies, was trading about 0.4% lower […]
Dollar slips ahead of elections; Fed and BOE also in focus
The U.S. dollar retreated on Monday amid political uncertainty ahead of Tuesday’s presidential election and also amid expectations that the Federal Reserve will cut interest rates this week. The dollar index, which analyzes the greenback against a basket of six other currencies, fell 0.5% to 103.695, after strong gains in October. Dollar slips ahead of […]
Dollar Stabilizes Amid Upcoming Key Economic Data
The U.S. dollar held firm on Tuesday as markets awaited a series of critical economic data releases this week, while Japan’s yen hovered near three-month lows amid heightened political uncertainty. Upcoming Data Releases Hold Market Attention The dollar has recently been supported by economic indicators highlighting the resilience of the U.S. economy, leading investors to […]
Dollar Falls, Euro Rises on ECB Speakers’ Expectations
The U.S. dollar declined on Tuesday, although it remained near its recent highs in an environment marked by uncertainty related to the pace of interest rate cuts as the date for the U.S. presidential election approaches. Dollar Benefited from Rising Yields The dollar retreated slightly on Tuesday, despite benefiting from a rise in the yield […]
Dollar Benefits from Safe-Haven Status Amid Middle East Tensions
The U.S. dollar rose on Wednesday, benefiting from its safe-haven status and building on the strong gains from the previous session. This came after a missile attack by Iran on Israel, which further escalated tensions in the region. Dollar Rises Amid Middle East Escalation The turmoil in the Middle East intensified overnight, with Iran launching […]
Dollar gains on Powell’s remarks; Euro falls ahead of CPI release
The U.S. dollar rose on Tuesday as Federal Reserve Chairman Jerome Powell downplayed the possibility of another deep interest rate cut, while the euro fell ahead of the release of the latest euro zone data. Jerome Powell’s upbeat tone helps the dollar Federal Reserve Chairman Jerome Powell indicated that the Fed will continue to cut […]