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US Dollar Index steadies near 99.00 as traders eye inflation data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding gains after registering modest losses in the previous session. The DXY is hovering around 99.00 during the early hours on Tuesday.Fxstreet
Tue, Jan 13
US Dollar Index pulls back as Powell probe revives Fed independence concerns
The US Dollar Index (DXY), a gauge of the Greenback’s performance against six major currencies, edges lower on Monday as growing concerns over the Federal Reserve's (Fed) independence weigh on sentiment. At the time of writing, DXY trades around 98.73, down nealy 0.41% on the day.Fxstreet
Mon, Jan 12
USD: Fed subpoenas target Powell over HQ renovations – ABN AMRO
The Federal Reserve (Fed) has received grand jury subpoenas from the Justice Department regarding Jerome Powell’s June congressional testimony about renovations at the Fed’s headquarters, ABN AMRO's Senior Economist Rogier Quaedvlieg reports.Fxstreet
Mon, Jan 12
Dollar slides as Powell faces DoJ subpoenas – ING
The US Dollar’s (USD) steady rise was disrupted after Fed Chair Jerome Powell revealed grand jury subpoenas from the Justice Department, raising fears over potential threats to the Fed’s independence and triggering a sell-off in equities, Treasuries, and the USD.Fxstreet
Mon, Jan 12
USD strengthens on goldilocks data ahead of payrolls – BBH
US Dollar (USD) continues to power forward against all major currencies underpinned by a modest upward adjustment to US rate expectations. A run of Goldilocks-type US data has helped anchor rate expectations in favor of USD, BBH FX analysts report.Fxstreet
Fri, Jan 9
USD: Mixed US data keep Dollar gains in check ahead of payrolls – ING
This week has so far sent conflicting US macro signals: good ISM services, acceptable ADP, and bad JOLTS. Challenger job cuts released yesterday dropped significantly in December, but that’s partly due to the concentration of large corporation layoffs in previous months.Fxstreet
Fri, Jan 9
US Dollar Index rises to near 99.00 ahead of Nonfarm Payrolls
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its winning streak for the fourth successive session. The DXY is trading around 98.90 during the Asian hours on Friday.Fxstreet
Fri, Jan 9
USD firmer against commodity currencies, DXY range-bound – Scotiabank
The US Dollar (USD) is tracking generally firmer against the major currencies but gains are less apparent for the DXY as the EUR, CHF and JPY are essentially holding up and trading little changed on the session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Thu, Jan 8
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