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Forex Today: US Dollar frenzy continues ahead of PPI data and Powell
Here is what you need to know on Thursday, November 14: Following a subdued performance on Wall Street on Wednesday, Asian markets turned south amid persistent worries over China’s economy, despite the recent stimulus measures rolled out to spur growth.
Fxstreet
Nov 14, 2024
DXY: Stays bid on the day – OCBC
The US Dollar (USD) continued its march higher. As Trump nomination started to make its way to newswires, markets are also starting to adjust their expectations, believing that Trump may hit the ground running in Jan 2025, unlike in 2016 when he was less prepared.Fxstreet
Nov 13, 2024
US bond yield differentials drive USD’s post-election strength – DBS
The USD’s post-election strength has been driven by widening US bond yield differentials against its counterparts because of US inflation worries over Trump’s plans for blanket tariffs, mass deportation of illegal immigrants, and tax cuts, DBS’ Senior FX Strategist Philip Wee notes.
Fxstreet
Nov 13, 2024
Dow Jones Industrial Average trims gains on Tuesday
The Dow Jones Industrial Average shed a scant 200 points on Tuesday, marking out territory just north of the 44,000 handle as equities take a brief pause from the post-election rally that sent the Dow Jones into fresh record highs.Fxstreet
Nov 12, 2024
Trump's immigration policy – relevant for USD exchange rates? – Commerzbank
Why are the inflationary effects of possible or announced US import tariffs widely discussed, while the corresponding effects of deportations are not? The Peterson Institute estimates that in the extreme case, more than 8 million workers could be withdrawn from the US labor market.Fxstreet
Nov 12, 2024
US Dollar rally continues as investors double down on Trump trades
The US Dollar (USD) extends its rally on Tuesday as the Trump trade adds another wave of US Dollar buying. The Greenback is crushing markets, steamrolling across the quote board against other major currencies. A goldilocks momentum is taking placeFxstreet
Nov 12, 2024
Dow Jones Industrial Average rises over 300 points as equity jubilation continues
The Dow Jones Industrial Average (DJIA) lurched another 300-plus points higher on Monday, with equities on the climb in an extension of the bull run kicked off after last week’s Trump win at the election polls.Fxstreet
Nov 11, 2024
US Dollar strengthens near four-month highs with US inflation in focus
The US Dollar (USD) starts the week on the front foot and strengthens on Monday, with the US Dollar Index (DXY) edging higher above the 105.00 level. The positive undertone for the Greenback is supported by the increasing likelihood that theFxstreet
Nov 11, 2024
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