News
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USD: Quiet start to a busy week on the calendar – Scotiabank
The US Dollar (USD) is somewhat softer on the session as markets react to further upheaval in uncertainty in the Middle East, more signs from China’s politburo that it will step up efforts to bolster stimulus efforts and comments from President-elect Trump reiterating tariff and deportation plans once he takes office, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Dec 9, 2024
Dow Jones Industrial Average declines further on Friday
The Dow Jones Industrial Average (DJIA) turned lower on Friday, shedding another 140 points and dragging the equity index into the low end while its major counterparts step higher on better-than-expected Nonfarm Payrolls (NFP) job additions.Fxstreet
Dec 6, 2024
US Dollar steadies as traders await last Nonfarm Payrolls release of the year
The US Dollar (USD) trades broadly flat on Friday ahead of the important Nonfarm Payrolls (NFP) number for November, a key indicator to gauge the health of the US labor market. Expectations of job growth have been tuned down in recent days afterFxstreet
Dec 6, 2024
USD: Good dollar demand to emerge should it trade sub-106 – ING
The Dollar Index (DXY) is slightly softer after yesterday's release of the ISM Services index disappointed consensus and made an 18 December Fed rate cut more likely, ING’s FX analyst Chris Turner Donald Trump to pump more air into the USD in 2025 “A column in the Financial Times was titled: 'A turning point for the dollar is coming' which sounds alarming for dollar bulls such as ourselves.Fxstreet
Dec 5, 2024
US Dollar weakens after disappointing ISM and S&P Services data
The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, declined toward 106.10 on Wednesday amidst slight profit-taking after steep rallies against many major G20 currencies this week.Fxstreet
Dec 4, 2024
