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Dow Jones Industrial Average clips new record bids on thin Monday volumes
The Dow Jones Industrial Average (DJIA) slipped higher to test a new record high of 41,419.65 on Monday, but investors are still recovering from last Friday’s surge after the Federal Reserve (Fed) all but confirmed that a new rate-cutting cycle would kick off in September.Fxstreet
Aug 26, 2024
US Dollar licks its wounds after one of worst weeks in over a year
The US Dollar (USD) is trading broadly flat on Monday after printing one of its worst weekly performances since June 2023. The US Dollar Index – which weighs the value of the US Dollar against a bucket of other currencies – shed 1.75% last week, withFxstreet
Aug 26, 2024
USD: Cautious Powell may give some help to the dollar – ING
The latest batch of US data has not firmly argued in favour of a 50bp Federal Reserve rate cut in September, and most FOMC members have also appeared to moderately push back against that prospect in recent off-meeting comments.Fxstreet
Aug 23, 2024
US Dollar flattens as markets turn all in about Fed rate cut
The US Dollar (USD) trades broadly flat after it saw heavy selling at the start of the US session on Wednesday, triggering another leg lower towards a fresh 2024 low. The Nonfarm Payrolls revision highlighted 818,000 fewer jobs than previously estimated,Fxstreet
Aug 22, 2024
US Dollar recovers slightly, bouncing off 2024 lows
The US Dollar (USD) is catching up again, trading in slightly positive territory on Wednesday, after three consecutive sessions of sharp drops. The bounce appears to be a pure technical one after the US Dollar Index (DXY) hit 101.30 in early Asian trading,Fxstreet
Aug 21, 2024
