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US Dollar strengthens as market continues digesting CPI data, eyes now toward Retail Sales
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, continues rising as markets are giving up their hopes of two cuts by the Federal Reserve (Fed) this year.
Fxstreet
Oct 14, 2024
USD: Range-bound near term – ING
Casting around the globe to identify key FX drivers, we note the following: Saturday's China fiscal stimulus measures lack detail, oil is steady as markets await Israel's retaliation against Iran, and equity markets remain generally supported following strong US bank earnings released on Friday and expectations of positive announcements in the chip sector this week, ING’s Chris Turner notes.Fxstreet
Oct 14, 2024
US Dollar holds gains as Fed speakers stand out in soft start of t...
The US Dollar (USD) edges up slightly at the start of the week with several parts of the US markets closed for Columbus Day. Despite the bank holiday, three Federal Reserve (Fed) members are due to speak. Meanwhile, the additional stimulus packageFxstreet
Oct 14, 2024
US Dollar steady ahead of US PPI and Michigan release
The US Dollar (USD) stabilizes on Friday after a very solid rally this week, with the rate differential becoming the main driver. The question going forward for next week will be if this upward move in US Treasury rates was a bit overdone, seeing the USFxstreet
Oct 11, 2024
USD consolidates into PPI data – Scotiabank
The USD is consolidating this week’s gains after yesterday’s data reports interrupted its ascent, with the surprise rise in weekly claims offsetting and overshadowing slightly higher than expected CPI data, Scotiabank’s FX Chief FX Strategist Shaun Osborne notes.Fxstreet
Oct 11, 2024
US Dollar gains as markets adjust on rate cuts, FOMC Minutes
TheUS Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, is gaining against almost all of its competitors as markets assess the Federal Open Market Committee’s (FOMC) September Meeting Minutes.Fxstreet
Oct 9, 2024
US Dollar flirts with fresh September high ahead of FOMC Minutes
The US Dollar (USD) is tying up with gains again with markets still having concerns over China. Recent Chinese data released on domestic activity during the Golden Week revealed that there has been less spending as anticipated. This keeps concerns onFxstreet
Oct 9, 2024
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