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United States Dollar Index set for negative weekly close after weak jobs data
The US Dollar underperforms its major currency peers as traders reconsider hawkish Federal Reserve (Fed) interest rate expectations, following the release of the weak United States (US) Nonfarm Payrolls (NFP) data for June on Thursday.Fxstreet
Fri, Jul 3
US Dollar: Jobs data resets Fed expectations – MUFG
MUFG’s Derek Halpenny argues that softer US labour data should push markets to reprice Federal Reserve policy, shifting from rate hikes toward a greater risk of cuts. He highlights weaker nonfarm payroll trends, deteriorating sentiment indicators and receding inflation risks.Fxstreet
Fri, Jul 3
US Dollar Index: Jobs setback limits downside – ING
ING’s Francesco Pesole notes that softer US jobs data has weakened the Dollar but does not expect this alone to extend USD losses. He argues the report curbs hopes for two Federal Reserve hikes but is not weak enough for a major dovish repricing.Fxstreet
Fri, Jul 3
The Dow Jones Industrial Average sets records while the chips fall
A June jobs report that undershot expectations by nearly half sent the Dow Jones Industrial Average (DJIA) to a fresh intraday record on Thursday, which reads like a contradiction until you look at what actually moved.Fxstreet
Thu, Jul 2
US Dollar Index Price Forecast: Weakens below 101.50, but keeps bullish tone ahead of NFP
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.20 in the early European trading hours on Thursday.Fxstreet
Thu, Jul 2
Forex Today: US Dollar holds firm on mixed US data, central bank remarks and NFP caution
The US Dollar Index (DXY) held near the 101.40 area, supported by resilient manufacturing activity and elevated long-term Treasury yields. The US ISM Manufacturing PMI slipped to 53.3 in June from 54.0 in May, missing expectations but staying above the 50.0 expansion line.
Fxstreet
Wed, Jul 1
Dow Jones Industrial Average tops records on borrowed strength
The Dow Jones Industrial Average (DJIA) hit a fresh record on Wednesday, clipping 52,500 and completing a round trip from April's rout to all-time highs. The headline number flatters the detail underneath it, because the index that set this record is not quite the one that traded a week ago.Fxstreet
Wed, Jul 1
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