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The Dow Jones Industrial Average kept what payrolls lost
The Dow Jones Industrial Average trades near 54,000 on Monday, lower by a tenth of a percent inside a range of barely 200 points, the narrowest daily bar in weeks. Every price of the session sits inside Friday's range, and Friday's sat inside Thursday's.
Fxstreet
Mon, Aug 10
US Dollar: Higher hurdle for sustained gains – MUFG
MUFG’s Derek Halpenny notes that weaker US jobs data have not triggered a strong reaction in Dollar or rates, as markets await key Consumer Price Index (CPI) releases and another Nonfarm Payrolls (NFP) before the September Federal Open Market Committee (FOMC).Fxstreet
Mon, Aug 10
US Dollar: Fed pricing shifts with softer data – Deutsche Bank
Deutsche Bank strategists note that Friday’s mixed United States (US) Nonfarm Payrolls (NFP) report led to a notable repricing of September Federal Open Market Committee (FOMC) odds, with futures-implied probability of a hike falling to 44%.Fxstreet
Mon, Aug 10
US Dollar Index Price Forecast: Decline to accelerate below 99.40
The US Dollar (USD) edges up against its peers on Monday after a vertical decline on Friday. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades marginally higher to near 99.70.Fxstreet
Mon, Aug 10
Forecasting the upcoming week: US inflation takes center stage next week
The US Dollar Index (DXY) fell below the 100.00 region after sinking through Friday's session. July Nonfarm Payrolls (NFP) showed the US economy shedding 23K jobs against forecasts of an 80K gain, with June revised down to 20K, and Average Hourly Earnings slowing to 3.2% on the year.Fxstreet
Fri, Aug 7
US Dollar: Payrolls-driven consolidation as CPI looms – TD Securities
TD Securities strategists note that the US Dollar (USD) weakened after the disappointing July Payrolls report, but see limited downside against G10 currencies unless softer US inflation further reduces Fed hike expectations.
Fxstreet
Fri, Aug 7
United States Dollar Index tumbles as NFP shock trims Fed hike bets
The US Dollar Index (DXY), which tracks the buck’s value against a basket of six currencies, is down 0.36%m at 99.58 following a weaker-than-expected US jobs report. The data has eased pressures on the Federal Reserve to hike rates, as inflation remains stubbornly above the Fed’s 2% goal.Fxstreet
Fri, Aug 7
NFP or Iran: Which factor will break the US Dollar Index out of its consolidation?
The US Dollar Index (DXY) trades around 99.95 at the time of writing on Friday, virtually unchanged on the day, as investors refrain from placing aggressive bets ahead of the release of the July US employment report.Fxstreet
Fri, Aug 7
United States Dollar Index holds steady near 100.00 as bulls await US NFP amid Iran risks
The United States Dollar Index (DXY), which tracks the Greenback against a basket of currencies, consolidates during the Asian session on Friday as traders keenly await the release of the closely-watched US monthly jobs data.Fxstreet
Fri, Aug 7
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