News
Important Only
USD slides on soft data and risk appetite – ING
The US Dollar (USD) fell as risk sentiment stabilized and soft ADP data reinforced expectations of a Fed rate cut next week. Despite potential short-term stabilization, the dollar faces continued downside pressure from overvaluation and seasonal trends, ING's FX analyst Francesco Pesole notes.Fxstreet
Thu, Dec 4
Dow Jones Industrial Average climbs 450 points after early AI shudders
The Dow Jones Industrial Average (DJIA) rose 450 points on Wednesday, sparked by renewed market optimism that the US economy is performing so poorly that the Federal Reserve (Fed) will be forced to deliver a third straight interest rate cut in December.Fxstreet
Wed, Dec 3
USD subdued amid lack of fresh catalysts – OCBC
US Dollar (USD) traded subdued overnight, in absence of fresh catalyst while most major central bank decisions are largely priced. The Dollar Index (DXY) last seen at 99.19 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Wed, Dec 3
FX Today: Focus stays on US data alongside Chinese PMIs and GDP in Oz
The US Dollar (USD) advanced marginally on turnaround Tuesday, enough to halt a multi-day decline as investors geared up for upcoming key US data releases, while speculation around another Fed rate cut next week remained on the rise.Fxstreet
Tue, Dec 2
USD bounces, but remains below 200-DMA – BBH
US Dollar (USD) bounced off mid-November lows yesterday but has yet to reclaim its 200-day moving average. 10-year Treasury yields steadied around 4.09% after rising nearly 10bps yesterday as heavy corporate borrowing drew demand away from government bonds.Fxstreet
Tue, Dec 2
DXY pauses as markets eye Fed cut signals – OCBC
The Dollar Index (DXY) steadied after its pullback, with markets fully pricing a December cut and awaiting next week’s FOMC for any hawkish surprises. DXY last seen at 99.44 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Tue, Dec 2
US Dollar Index trades calmly near 99.50 while focus shifts to US ADP Employment data
The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades flat around 99.45 during the early European trading session on Tuesday. The USD Index has turned sideways after bouncing back from the monthly low around 99.00, revisited on Monday.Fxstreet
Tue, Dec 2
USD strengthens into month-end – Scotiabank
The US Dollar (USD) is entering Friday’s NA session with modest gains against most of the G10 currencies, supported by month end flows and a broader tone that appears somewhat fragile as market participants react to the CME’s outage, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret r
USD crosses trade in tight ranges – ING
US Dollar (USD) crosses have traded in tight ranges as the Thanksgiving holiday dried up flows. Volatility shouldn't pick up materially today, even though the dollar remains vulnerable to a convergence lower towards short-term swap rates, ING's FX analyst Francesco Pesole notes.Fxstreet
Fri, Nov 28
