News
Important Only
DXY: Bias for downside play – OCBC
USD continued to trade under pressure, as Fed fund futures shifted to fully price in a 25bp cut at the Sep FOMC. Treasury Secretary Scott Bessent said on Bloomberg TV interview that 'We could go into a series of rate cuts here, starting with a 50bp cut in September'.Fxstreet
Thu, Aug 14
Dow Jones futures moves little ahead of US economic data
Dow Jones futures steadied during early European trading on Thursday, ahead of the regular North American market open, trading near 45,000. S&P 500 futures fell 0.8% to trade near 6,450, while Nasdaq 100 futures declined 0.8%, trading near 23,900.Fxstreet
Thu, Aug 14
US Dollar slumps below 98.00 as Fed rate cut odds rise, Fedspeak awaited
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second successive session and trading around 97.80 during the European hours on Wednesday.Fxstreet
Wed, Aug 13
USD: Stronger bearish case after CPI report – ING
Yesterday’s US CPI release turned out to be a dollar-negative event. Core inflation accelerating to 3.1% YoY and 0.33% MoM is far from ideal, but equally not alarming enough to overshadow the deterioration in the jobs market, ING's FX analyst Francesco Pesole notes.Fxstreet
Wed, Aug 13
Dow Jones futures rise as US inflation data fuels Fed rate cut hopes
Dow Jones futures edged up in early European trading on Wednesday, ahead of the regular United States (US) market open, hovering near 44,600 with a 0.09% gain. S&P 500 futures climbed 0.12% to above 6,450, while Nasdaq 100 futures advanced 0.19%, trading above 23,900.Fxstreet
Wed, Aug 13
US Dollar Index loses traction to near 98.00 as traders ramp up Fed cut bets
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in negative territory near 98.00 during the Asian trading hours on Wednesday. The DXY extends the decline due to the prospect of an imminent Federal Reserve (Fed) rate cuFxstreet
Wed, Aug 13
Dow Jones Industrial Average lurches higher after CPI inflation print
The Dow Jones Industrial Average (DJIA) caught some bullish lift on Tuesday, rising around 450 points after United States (US) Consumer Price Index (CPI) inflation data from July failed to push markets off of bets for an interest rate cut from the Federal Reserve (Fed) in September.Fxstreet
Tue, Aug 12
US President Trump slams Powell, threatens lawsuit; Dollar dips on Fed independence concerns
US President Donald Trump attacked the Federal Reserve Chair Jerome Powell on his social network, saying that he is “too late” to lower interest rates and must lower them “NOW.” He complained that Steve Manunchin “really gave me a beauty when he pushed this loser,” for the Fed Chair role.Fxstreet
Tue, Aug 12
