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Dow Jones Industrial Average rallies on Friday as rate cut hopes resume
The Dow Jones Industrial Average (DJIA) scorched 700 points higher on Friday after a close-enough-to-expectations print in US Personal Consumption Expenditures Price Index (PCE) inflation came in cool enough to allow investors to keep hopes for a September rate cut pinned to the ceiling.Fxstreet
Jul 26, 2024
US Dollar Index edges lower to near 104.20 after mix US PCE Inflation release
The US Dollar Index (DXY) falls slightly to near 104.20 in Friday’s New York session after the United States (US) Bureau of Economic Analysis (BEA) published the Personal Consumption Expenditure Price Index (PCE) report for June.Fxstreet
Jul 26, 2024
US Dollar Index remains below 104.50 as traders await the US PCE Price Index
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six other major currencies, retraces its recent gains ahead of the release of the US Personal Consumption Expenditures (PCE) Price Index for June.Fxstreet
Jul 26, 2024
Forex Today: Can US PCE confirm a rate cut in September?
The Greenback alternated gains with losses amidst further appreciation of the Japanese yen and a decent pullback in US yields across the curve, while firmer-than-expected US data appear to have trimmed some rate cut bets in September.Fxstreet
Jul 25, 2024
USD: The AI hangover and the exchange rates – Commerzbank
Strong US growth has a positive effect on the US Dollar (USD) via two channels: It allows the Fed to pursue a more restrictive monetary policy for longer, and to pay more attention to inflationary trends than it would if growth were weak.Fxstreet
Jul 25, 2024
US Dollar dips amidst mixed S&P PMI figures and steady Fed dovish outlook
On Wednesday, the US Dollar as measured by the DXY index went on a dip towards 104.20, largely influenced by mixed S&P PMI figures and the markets continuing to bet on a dovish Federal Reserve's (Fed) outlook.Fxstreet
Jul 24, 2024
Dow Jones Industrial Average treads water on Tuesday as investors await key data
The Dow Jones Industrial Average (DJIA) went nowhere fast on Tuesday, sticking close to the day’s opening bids as investors shuffle their feet ahead of a hectic US data schedule in the back half of the trading week.Fxstreet
Jul 23, 2024
USD: Equity recovery is keeping volatility low – ING
Away from US politics, FX markets remain very subdued. Volatility is low and the temptation will be to rotate back into carry even if there are risks associated with the preferred funding currency (Japanese Yen) or the preferred target currency (Mexican Peso), ING’s FX strategist Chris Turner notes.Fxstreet
Jul 23, 2024
US Dollar Index holds position below 104.50 despite a risk-off mood, higher yields
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six other major currencies, has recovered daily losses, trading around 104.30 during the early European hours on Tuesday.Fxstreet
Jul 23, 2024
