News
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Dow Jones Industrial Average declines on Friday as fresh tariff threats emerge
The Dow Jones Industrial Average (DJIA) saw stiff losses during the Friday market session The major equity index declined 780 points top-to-bottom and tapped 41,200 before a slow crawl back to the 41,750 region.Fxstreet
Fri, May 23
USD: Investors continue to re-evaluate ‘US exceptionalism’ – Rabobank
US treasuries appear to have drawn some comfort today from the Supreme Court’s ruling that the unique structure of the Fed may protect its board members from potentially being removed by the President, Rabobank's FX analyst Jane Foley reports.Fxstreet
Fri, May 23
DXY: Weak sentiment on the day – OCBC
Overnight, US Dollar (USD) bounced after prelim PMIs surprised to the upside. But gains were retraced in the morning, alongside the pullback in UST yields. DXY was last seen at 99.40, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Fri, May 23
USD: No change in FX language at the G7 meeting – ING
Earlier this week, we speculated over the low probability, high impact event of a change in FX language in this week's closing statement from the G7 meeting of Finance Ministers and Central Bank governors in Canada, ING's FX analyst Chris Turner notes.Fxstreet
Fri, May 23
USD: When will the market realize? – Commerzbank
The hard data from the US does not yet show any real signs of a drastic economic slowdown as a result of the new US administration's erratic trade and economic policy, although growth in the first quarter surprised on the downside with a contraction, fueling recession fears.Fxstreet
Fri, May 23
US Dollar Index steadies near 100.00 as fiscal risks cap upside despite upbeat PMI data
The US Dollar index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is trading cautiously around the 100.00 mark on Thursday after recovering from a two-week low and bouncing off key support at the 99.50 psychological level earlier in the day.Fxstreet
Thu, May 22
USD Index turns highly volatile near 99.50 after Trump’s bill advances to Senate
The US Dollar (USD) exhibits volatile action during North American trading on Thursday, with the US Dollar Index (DXY) showing wild moves near 99.50 after the United States (US) House of Representatives approved President Donald Trump’s tax bill narrowly and passed it to the Senate.Fxstreet
Thu, May 22
USD consolidates as Treasurys steady – Scotiabank
The US Dollar (USD) is consolidating. Global market sentiment remains soft, following yesterday’s hefty US equity market losses. Asian and European stocks are down and US equity futures are narrowly mixed, Scotiabank's Chief FX Strategist Shaun Osborne notes.Fxstreet
Thu, May 22
When consensus on the 'safe haven' characteristic breaks down – Commerzbank
In times of increasing 'geostrategic uncertainty', the US Dollar has recently been tending to weaken rather than strengthen. The more this price behavior of the US currency becomes apparent, the more it could intensify, Commerzbank's Head of FX and Commodity Research Ulrich Leuchtmann notes.Fxstreet
Thu, May 22
US Dollar weakens for third straight day as US fiscal concerns linger
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, slips for a third consecutive day on Wednesday as markets brace for another playing field of geopolitical tensions.Fxstreet
Wed, May 21
US Dollar Index falls toward 99.50 as Fed officials express economic concerns
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is extending its losses for the third successive session and trading lower at around 99.70 during the Asian hours on Wednesday.Fxstreet
Wed, May 21
Dow Jones Industrial Average hesitates as markets await trade clarity
The Dow Jones Industrial Average (DJIA) hit a pause in its recent bullish momentum, sticking close to the 42,800 region on Tuesday. Equities are taking a breather from their post-tariff recovery rally as investors await meaningful progress on trade talks.Fxstreet
Tue, May 20
