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Dow Jones Industrial Average soars on rate cut hopes, sets new all-time high
The Dow Jones Industrial Average (DJIA) soared over 450 points on Friday as markets pile back into renewed hopes for rate cuts from the Federal Reserve (Fed) in September even as US Producer Price Index (PPI) wholesale inflation accelerated faster than expected in June.
Fxstreet
Jul 12, 2024
US Dollar stabilizes ahead of US PPI release
The US Dollar (USD) trades very mixed on Friday, with markets looking for direction as a clear rotation is taking place in the equity markets. With an interest rate cut from the US Federal Reserve (Fed) being a near certainty in September, investors areFxstreet
Jul 12, 2024
Dow Jones Industrial Average churns after cooling US CPI inflation sparks pullback in tech stocks
The Dow Jones Industrial Average (DJIA) mostly stuck to familiar territory on Thursday, clipping into the high end after US Consumer Price Index (CPI) inflation came in below expectations and sparking an uptick in broad-market rate cut expectations in 2024.Fxstreet
Jul 11, 2024
US Dollar extends losses as soft inflation data confirms market's September rate cut expectations
The US Dollar measured by the DXY index slipped further on Thursday, mainly due to the decelerating inflation figures from the US Consumer Price Index (CPI), which makes an even better case for a September interest rate cut by the Federal Reserve (Fed).Fxstreet
Jul 11, 2024
US Dollar eases ahead of CPI while pressure on Biden builds
The US Dollar (USD) edges lower for a second day in a row when measured by the US Dollar Index. The Greenback does not have much reason to rally firmly, with uncertainty creeping in its valuation after big names such as Nancy Pelosi and actorFxstreet
Jul 11, 2024
US Dollar afloat with markets looking for direction
The US Dollar (USD) trades sideways and is stuck in a tight range in most currency pairs on Wednesday. As such, that should not come as a surprise as the semi-annual testimony from US Federal Reserve (Fed) Chairman Jerome Powell before Congress onFxstreet
Jul 10, 2024
Dow Jones Industrial Average churns after still-cautious Fed flubs market hopes for tone shift
The Dow Jones Industrial Average (DJIA) tumbled in early Tuesday trading after Federal Reserve (Fed) Chairman Jerome Powell delivered less-dovish-than-expected talking points while testifying on the Fed’s semiannual Monetary Policy Report in the first of two appearances in as many days.Fxstreet
Jul 9, 2024
US Dollar mildly strengthens following Powell's Congressional testimony
The US Dollar staged a minor comeback and the DXY rose to 105.20, courtesy of Federal Reserve (Fed) Chairman Jerome Powell's recent congressional comments, which shied away from embracing rate cuts in the immediate future, advocating for patience instead.Fxstreet
Jul 9, 2024
US Dollar flat with Powell set to head for Capitol Hill
The US Dollar (USD) trades roughly flat in the European session on Tuesday, with the dust settling over the French election outcome. Headlines are fading fast, and markets are digesting the results quite quickly. The main takeaway is that not much willFxstreet
Jul 9, 2024
USD: Powell takes the stage – ING
The dollar has been modestly stronger since the start of the weekend but there was nothing close to an earthquake in markets following the French election result, and FX volatility has continued to fall from its mid-June peak, ING’s FX strategist Francesco Pesole notes.Fxstreet
Jul 9, 2024
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