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Dow Jones Industrial Average churns on Monday
The Dow Jones Industrial Average (DJIA) knocked lower on Monday, falling off-balance after US Purchasing Managers Index (PMI) figures came in better than anticipated but showed US business activities are still on the low side of expectations.Fxstreet
Dec 2, 2024
US Dollar rallies on Trump tariff threats against BRICS, French political turmoil
The US Dollar (USD) gains on Monday, paring back Friday’s losses, driven by Donald Trump’s promise to impose tariffs on BRICS countries if they stop using the USD and amid increasing French political turmoil, which is weighing on the Euro (EUR).Fxstreet
Dec 2, 2024
US Dollar retreats with French yields pushing Euro higher
The US Dollar (USD) trades softer on Friday on the back of concerns over Europe, with the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, extending this week’s decline and falling below the 106.00 level.Fxstreet
Nov 29, 2024
US Dollar Index drops below 106.00 as Treasury yields continue to depreciate
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six other major currencies, falls below 106.00 during the Asian hours on Friday, with 2-year and 10-year bond yields standing at 4.21% and 4.23%, respectively, at the time of writing.Fxstreet
Nov 29, 2024
US Dollar steady with Thanksgiving underway
The US Dollar (USD) trades overall marginally higher against most major pairs on Thursday, with the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, bouncing back above 106.00 after a sharp sell-off the prior day, in what is expected to be a very calm remaining two trading days for the week with Thanksgiving and Black Friday taking place.Fxstreet
Nov 28, 2024
US Dollar retreats after GDP, PCE data meets forecast
In Wednesday’s session, the US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, ticked 1% lower as markets assess the release of high-tier economic data including a Personal Consumption Expenditures (PCE) reading, the Federal Reserve’s (Fed) preferred gauge of inflation.Fxstreet
Nov 27, 2024
USD: Firm data reports today may provide a boost – Scotiabank
The US Dollar (USD) retains something of a softer undertone as the postelection rally ebbs a little (and continues to closely track the post-election pattern of trade from 2016), Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Nov 27, 2024
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