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US Dollar afloat with markets looking for direction
The US Dollar (USD) trades sideways and is stuck in a tight range in most currency pairs on Wednesday. As such, that should not come as a surprise as the semi-annual testimony from US Federal Reserve (Fed) Chairman Jerome Powell before Congress onFxstreet
Jul 10, 2024
Dow Jones Industrial Average churns after still-cautious Fed flubs market hopes for tone shift
The Dow Jones Industrial Average (DJIA) tumbled in early Tuesday trading after Federal Reserve (Fed) Chairman Jerome Powell delivered less-dovish-than-expected talking points while testifying on the Fed’s semiannual Monetary Policy Report in the first of two appearances in as many days.Fxstreet
Jul 9, 2024
US Dollar mildly strengthens following Powell's Congressional testimony
The US Dollar staged a minor comeback and the DXY rose to 105.20, courtesy of Federal Reserve (Fed) Chairman Jerome Powell's recent congressional comments, which shied away from embracing rate cuts in the immediate future, advocating for patience instead.Fxstreet
Jul 9, 2024
US Dollar flat with Powell set to head for Capitol Hill
The US Dollar (USD) trades roughly flat in the European session on Tuesday, with the dust settling over the French election outcome. Headlines are fading fast, and markets are digesting the results quite quickly. The main takeaway is that not much willFxstreet
Jul 9, 2024
USD: Powell takes the stage – ING
The dollar has been modestly stronger since the start of the weekend but there was nothing close to an earthquake in markets following the French election result, and FX volatility has continued to fall from its mid-June peak, ING’s FX strategist Francesco Pesole notes.Fxstreet
Jul 9, 2024
USD: Inflation and Powell in focus this week – ING
The dollar is modestly stronger out of the weekend as a surprise win of the left-wing alliance in the French second-round legislative elections sent European currencies lower and fuelled some safe-haven demand, with the Japanese Yen (JPY) and Swiss franc (CHF) rising, ING’s analyst Francesco Pesole suggests.Fxstreet
Jul 8, 2024
US Dollar on the back foot with French political outcome applauded by markets
The US Dollar (USD) whipsaws on Monday, with markets celebrating the outcome of the second round of elections in France. In a surprise move, the left-wing coalition New Popular Front of Jean-Luc Mélenchon won and claimedFxstreet
Jul 8, 2024
US Dollar under pressure ahead of NFP report
The US Dollar (USD) dips again on Friday, painting red numbers across the board for the US Dollar against most major currencies. The main adversaries that stand out are the Swiss Franc (CHF) and the Japanese Yen (JPY), which are gaining against theFxstreet
Jul 5, 2024
