News
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USD: The AI hangover and the exchange rates – Commerzbank
Strong US growth has a positive effect on the US Dollar (USD) via two channels: It allows the Fed to pursue a more restrictive monetary policy for longer, and to pay more attention to inflationary trends than it would if growth were weak.Fxstreet
Jul 25, 2024
US Dollar dips amidst mixed S&P PMI figures and steady Fed dovish outlook
On Wednesday, the US Dollar as measured by the DXY index went on a dip towards 104.20, largely influenced by mixed S&P PMI figures and the markets continuing to bet on a dovish Federal Reserve's (Fed) outlook.Fxstreet
Jul 24, 2024
Dow Jones Industrial Average treads water on Tuesday as investors await key data
The Dow Jones Industrial Average (DJIA) went nowhere fast on Tuesday, sticking close to the day’s opening bids as investors shuffle their feet ahead of a hectic US data schedule in the back half of the trading week.Fxstreet
Jul 23, 2024
USD: Equity recovery is keeping volatility low – ING
Away from US politics, FX markets remain very subdued. Volatility is low and the temptation will be to rotate back into carry even if there are risks associated with the preferred funding currency (Japanese Yen) or the preferred target currency (Mexican Peso), ING’s FX strategist Chris Turner notes.Fxstreet
Jul 23, 2024
US Dollar Index holds position below 104.50 despite a risk-off mood, higher yields
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six other major currencies, has recovered daily losses, trading around 104.30 during the early European hours on Tuesday.Fxstreet
Jul 23, 2024
US Dollar Index declines to near 104.00 due to heightened expectations of Fed rate cuts
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six other major currencies, edges lower after two days of gains, trading around 104.20 during the early European hours on Monday.Fxstreet
Jul 22, 2024
US President Joe Biden stands down from reelection, endorses Kamala Harris
Following a long week of political turmoil, United States (US) President Joe Biden announced on Sunday that he will end his reelection bid and will speak to the nation later this week in more detail about his decision.Fxstreet
Jul 21, 2024
US Dollar Index jumps to near 104.30 US political uncertainty dampens market sentiment
The US Dollar (DXY), which tracks the Greenback’s value against six major currencies, extends its upside to near 104.30 in Friday’s European session after a sharp recovery from an almost four-month low of 103.65 this week.Fxstreet
Jul 19, 2024
