News
Important Only
USD remains firm but can’t extend gains – Scotiabank
The US Dollar (USD) is tracking a little higher overall into the end of the week, with a minor gain for the Euro (EUR) leaving it as the only currency in the green on the day, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Fri, Oct 31
USD extends gains post Trump–Xi summit and FOMC – OCBC
US Dollar (USD) extended its rise in what looked like 'buy rumor, sell the fact' post-Trump-Xi meeting and FOMC, while there were market chatters of month-end USD demand, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Fri, Oct 31
USD firms as Fed signals slower pace of easing – BBH
US Dollar (USD) and Treasury yields are consolidating their post FOMC meeting gains. The US and China agreed to a one year trade truce. Under the deal, both countries plan to cancel some tariffs, roll back export controls and reduce other trade barriers.Fxstreet
Thu, Oct 30
USD: Fed discord makes the dollar a tougher sell – ING
The US Dollar (USD) is broadly, albeit modestly, stronger after last night's FOMC statement and press conference. The statement was largely as expected, but the press conference turned into a kind of 'rate protest' from the Federal Reserve.Fxstreet
Thu, Oct 30
USD: Who let the hawks out? – Commerzbank
The Fed's monetary policy decision-making body, the FOMC, is deeply divided. That was probably the most important message from yesterday's meeting and press conference with Fed Chair Jay Powell. According to the Fed Chair, opinions on how to proceed differ significantly.Fxstreet
Thu, Oct 30
Dow Jones Industrial Average retreats after Fed’s Powell reconsiders third rate cut
The Dow Jones Industrial Average (DJIA) shuddered on Wednesday, knocking lower after Federal Reserve (Fed) Chair Jerome Powell warned that the latest Fed interest rate cut may be the last rate move for a little while.Fxstreet
Wed, Oct 29
USD firms ahead of key Fed decision – BBH
US Dollar (USD) is firmer within its multi-day tight trading range, US 10-year Treasury yields are consolidating just under 4.00%, and S&P500 futures point to further record gains in the underlying index. Today’s FOMC policy decision will guide markets, BBH FX analysts report.Fxstreet
Wed, Oct 29
USD: Some upside risks, but nothing like September – ING
When the Fed delivered a well-telegraphed 25bp cut in September, the US Dollar (USD) rallied. Back then, USD positioning was heavily short, and some hawkishly perceived comments by Powell exacerbated the correction, ING's FX analyst Francesco Pesole notes.Fxstreet
Wed, Oct 29
