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US Dollar loses steam ahead of US GDP, ADP employment data
The US Dollar’s bullish momentum loses strength after weak job opening figures.
Fxstreet
Wed, Oct 30
DXY: ADP employment, 3Q GDP on their way – OCBC
The US Dollar (USD) traded 2-way overnight with gains on the back of strong consumer confidence but turned lower after JOLTS job openings slumped to lowest level since early 2021.
Fxstreet
Wed, Oct 30
USD: A blip in the strong US jobs story – ING
The latest US macro news has dampened the dollar rally. Consumer confidence rose more than expected from 99.5 to 108.7 yesterday, the strongest monthly gain since March 2021.
Fxstreet
Wed, Oct 30
US Dollar steady ahead of key data, mixed JOLTS
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, extends gains on Tuesday, hitting a three-month high at 104.55.
Fxstreet
Tue, Oct 29
Forex Today: Focus now shifts to the US labour market and real economy
The US dollar held steady, finishing almost unchanged from Monday’s close.
EUR/USD
Fxstreet
Tue, Oct 29
Dow Jones Industrial Average slips amid high US yields, Fed rate cut odds increase
The Dow Jones Industrial Average (DJIA) trims off its Monday’s gains, retreats from daily highs at around 42,500, and edges down over 0.25% while US Treasury bond yields cling to gains.
Fxstreet
Tue, Oct 29
USD consolidates in quiet trade – Scotiabank
Markets are relatively quiet overall and perhaps with an eye on Friday’s payrolls data and the US Presidential election just a week away now, that’s not surprising.
Fxstreet
Tue, Oct 29
DXY: Bullish momentum fading – OCBC
The US Dollar (USD) rally paused overnight as markets took stock on the 4% rally in DXY since end of September, OCBC’s FX analyst Frances Cheung and Christopher Wong note.
Fxstreet
Tue, Oct 29
US Dollar consolidates near three-month highs ahead of US data
US consolidates near three-month highs following a 3.5% rally in October.
Fxstreet
Tue, Oct 29
USD: Data tests start today – ING
The performance since the weekend in G10 suggests there is both a liquidity component and more Trump hedges driving FX at the moment, ING’s FX analyst Francesco Pesole notes.
Fxstreet
Tue, Oct 29
Forex Today: US data releases return to the fore amidst US election unease
The US dollar treaded water in the upper end of the range despite US yields extending their rebound to new multi-week highs, all ahead of key US data releases and growing speculation prior to the November 5 US election.
EUR/USD
Fxstreet
Mon, Oct 28
Dow Jones Industrial Average rebounds as investors brace for key US data and earnings reports
The Dow Jones Industrial Average (DJIA) has recovered from Friday’s 300-point loss, climbing over 0.84% or 350 points even though US Treasury bond yields continued to rise.
Fxstreet
Mon, Oct 28
US Dollar softens ahead of eventful week
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, declined on Monday.
Fxstreet
Mon, Oct 28
USD firm but well off overnight highs as yields slip – Scotiabank
The US Dollar (USD) is trading mixed against the majors after dropping back from a retest of last week’s multi-week high early in Asian trade, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Fxstreet
Mon, Oct 28
US Dollar eases ahead of a data-packed week
The US Dollar (USD), as measured by the US Dollar index DXY, opens the week with moderate losses as investors brace for an eventful week.
Fxstreet
Mon, Oct 28
USD: Dollar to hold gains through the week – ING
The Dollar Index (DXY) is back at its strongest level since early August and one could easily forget that the Fed had started its easing cycle with a surprisingly large 50bp rate cut in September.
Fxstreet
Mon, Oct 28
DXY: Bullish momentum but overbought – OCBC
US Dollar (USD) rose, alongside the rise in UST yields. Dollar Index (DXY) was last at 104.26 levels.
Fxstreet
Mon, Oct 28
Dow Jones Industrial Average ends six-week win streak after falling 300 points on Friday
The Dow Jones Industrial Average (DJIA) declined 300 points on Friday, easing back 0.7% as a broad tech rally left the Dow to fend for itself.
Fxstreet
Fri, Oct 25
US Dollar steady despite soft Durable Goods data
The US economy remains robust with GDPNow tracking third-quarter growth at 3.4%.
Fxstreet
Fri, Oct 25
USD: Currencies Get Reprieve from USD Rally – Scotiabank
The US Dollar (USD) rally may be coming off the boil. A lower close for the Dollar Index (DXY) yesterday signals some—potential—technical headwinds for the index for starters and markets may be getting a little concerned about one of the essential drivers of the October rebound, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Fxstreet
Fri, Oct 25
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