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United States Dollar Index holds gains slightly above 101 amid strong US growth prospects
The US Dollar (USD) holds onto Wednesday’s strong gains in the Asian trade on Thursday. As of writing, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades firmly near a fresh eight week high of 101.23 posted the previous day.
Fxstreet
Thu, Sep 24
Dow Jones Industrial Average keeps sliding as yields climb on a strong PMI
The strongest S&P Global flash Purchasing Managers Index (PMI) readings since 2021 have done nothing for the Dow Jones Industrial Average. Manufacturing came in at 57 against a 53.5 forecast and services at 58.7 against 56.
Fxstreet
Wed, Sep 23
US Dollar: Growth edge narrative supports gains – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes the Dollar is extending gains as US economic data and policy dynamics remain supportive. September US PMI is expected to confirm US growth leadership versus Eurozone, UK and Japan.Fxstreet
Wed, Sep 23
US Dollar Index: Rally extend to near 101.00 as hawkish Fed narrative takes hold
The US Dollar trades higher as financial markets embrace hawkish Federal Reserve (Fed) view. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.35% higher to near 100.90, the highest level seen in over seven weeks.Fxstreet
Wed, Sep 23
Trump signals diplomatic push on Ukraine and Iran as diesel ban looms
The US President Donald Trump, after finishing his meeting with Ukrainian President Volodymyr Zelenskyy, said that he is figuring out a solution to end the war. Furthermore, he added that Russian President Vladimir Putin is willing to meet to end the war.Fxstreet
Tue, Sep 22
US Dollar Index pushes higher on the case for another Fed increase
The Dollar Index trades near 100.70, its highest level since late July. It has climbed through five straight sessions of falling Crude Oil, the opposite of how the war has moved it for most of this year. The Fed is the reason.Fxstreet
Tue, Sep 22
Dow Jones Industrial Average drops from a weekly high as bank shares slide
The Dow Jones Industrial Average rose to its highest level since September 14 before the opening bell, then turned lower once trading started in New York. It trades near 51,800, below Monday's close. The NASDAQ Composite tested record highs and the S&P 500 is barely changed.Fxstreet
Tue, Sep 22
US Dollar: Hawkish fedspeak backs upside risks – ING
ING’s Francesco Pesole notes the Dollar started the week strongly despite lower Oil prices and firmer global equities, helped by hawkish remarks from Federal Reserve officials Austan Goolsbee and Alberto Musalem that supported US front-end rates.Fxstreet
Tue, Sep 22
US Dollar: Modestly stronger into year-end – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight that the US Dollar (USD) stayed resilient despite improved risk appetite, supported by hawkish Federal Reserve (Fed) commentary that limited the drop in US front-end yields.Fxstreet
Tue, Sep 22
United States Dollar Index (DXY) eases from July 30 high as Iran offers to reopen Hormuz
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, retreats slightly after hitting a fresh high since July 30 during the early European session on Tuesday. The index, however, lacks follow-through and currently trades just below mid-100.00s, unchanged for the day.Fxstreet
Tue, Sep 22
US Dollar: Stronger as Fed hike path extends – MUFG
MUFG’s Lee Hardman notes the US Dollar is holding a stronger tone after the Federal Reserve began tightening policy, lifting the Dollar Index back above 100.00. Support comes from a sharp rise in US yields, with markets now pricing three more Fed hikes over the next year.Fxstreet
Tue, Sep 22
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