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US Dollar softens after Trump administration tries to circumvent inflationary shock
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, edges lower and dips below 110.00 on Tuesday, extending the previous day’s retracement from an over-two-year high of 110.18.Fxstreet
Jan 14, 2025
Forex Today: King Dollar holds reins as the US inflation week unfolds
Here is what you need to know on Monday, January 13: Risk-off flows extended into Asian trading on Monday as investors digested Friday’s US labor market report, gearing up for the Consumer Price Index (CPI) data due later in the week.Fxstreet
Jan 13, 2025
US Dollar climbs on robust NFP results, rises to multi-year highs
The Dollar Index (DXY), which measures the value of the USD against a basket of currencies, rallies on renewed inflation concerns as the stronger than expected Nonfarm Payrolls (NFP) report pushes out the Federal Reserve’s (Fed) rate cut timeline, fueling US Dollar demand and driving the DXY closer to 110.00.Fxstreet
Jan 10, 2025
Dow Jones Industrial Average slumps after sturdy NFP print
The Dow Jones Industrial Average (DJIA) took a hard hit on Friday after investor sentiment soured on the back of a lofty Nonfarm Payrolls (NFP) jobs data report which showed a far higher rate of hirings than most investors anticipated.Fxstreet
Jan 10, 2025
US Dollar Index Price Forecast: Sits near two-year peak, above 109.00 ahead of US NFP
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, stands firm above the 109.00 mark, or its highest level since November 2022 as traders await the US Nonfarm Payrolls (NFP) report before placing fresh bets.Fxstreet
Jan 10, 2025
Dow Jones Industrial Average freezes as investors balk at too much growth
The Dow Jones Industrial Average (DJIA) churned on Tuesday as tech stocks pared back recent gains, with investors pushed further off their Goldilocks stance after a hotter-than-expected print in December’s ISM Purchasing Managers Index (PMI) crimped rate cut hopes heading into 2025.Fxstreet
Jan 7, 2025
Dow Jones Industrial Average lurches higher as investors brush off PMI miss
The Dow Jones Industrial Average (DJIA) extended into the bullish side to kick off the new trading week, clipping back over the 43,000 handle and lurching 300 points higher after a Washington Post article suggested that incoming President Donald Trump and his team may be considering a more nuanced approach to widespread tariffs the President-elect has threatened to impose shortly after taking office.Fxstreet
Jan 6, 2025
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