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US Dollar Index (DXY) holds gains near 99.00 as geopolitical tensions grow
The US Dollar (USD) remains strong against its main peers on Friday, with the USD Index (DXY) steady at the upper range of the 98.00s, as investors are reluctant to take excessive risks. The DXY is on track for a 0.4% weekly gain as tensions between the US and Iran escalate.
Fxstreet
Fri, Apr 24
DXY: Fed repricing supports US currency – Deutsche Bank
Deutsche Bank analysts note that strong United States (US) Purchasing Managers' Index (PMI) data have reinforced perceptions of economic resilience and rising price pressures, leading markets to scale back expectations for Federal Reserve (Fed) rate cuts.Fxstreet
Fri, Apr 24
USD: Cautious tone into weekend – ING
ING’s Chris Turner notes that Gulf tensions and broadening inflation pressures are keeping investors wary of short US Dollar (USD) positions. He highlights firm short-dated US yields as markets price a stagflationary oil shock and a potentially more hawkish Federal Reserve (Fed).Fxstreet
Fri, Apr 24
Forex Today: Greenback steadies near two-week highs amid strong US data and Middle East tensions
The US Dollar Index (DXY) rose on Thursday and remains on a winning streak near the 98.70 area, supported by stronger-than-expected US data and persistent geopolitical uncertainty, as conflicting headlines keep markets cautious.
Fxstreet
Thu, Apr 23
USD: Statecraft focus reshapes FX benchmarks – Rabobank
Rabobank’s Global Strategist Michael Every highlights how United States (US) economic statecraft is reinforcing the global role of the US Dollar (USD) through tools such as suspended Dollar shipments to Iraq and potential new swap lines for Gulf and Asian allies.Fxstreet
Thu, Apr 23
US: Initial Jobless Claims rose to 214K vs 212K expected
The US Department of Labor (DOL) reported on Thursday that the number of US citizens filing new applications for unemployment insurance rose to 214K for the week ending April 18, an increase of 6,000 from the previous week's revised level. The previous week's level was revised up from 207K to 208K.Fxstreet
Thu, Apr 23
S&P 500: Record high faces conflict headwinds – Deutsche Bank
Deutsche Bank strategists report the S&P 500 closed at a fresh record, supported by strong earnings and tech leadership, even as most constituents declined. Futures now point lower as the Iran conflict and higher Oil prices weigh on risk sentiment.US Dollar Index holds gains above 98.50 as Middle East uncertainty prevails
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the third successive day and trading around 98.70 during the Asian hours on Thursday.Fxstreet
Thu, Apr 23
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