News
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USD slips back as markets mull shutdown – Scotiabank
The US Dollar (USD) fell a little Wednesday on the back of the soft ADP report but rose more significantly yesterday after an obscure private sector report (Revelio Labs anyone?) report apparently suggested the NFP data would show an above consensus outcome of a gain of around 60k in jobs, ScotiabanFxstreet
Fri, Oct 3
USD stays heavy ahead of ISM services – BBH
The US Dollar (USD) is trading heavy within its recent range as narrowing US-G6 rate spreads cap relief rallies. With payrolls sidelined by the government shutdown, today’s ISM services print will guide near-term sentiment, BBH FX analysts report.Fxstreet
Fri, Oct 3
Dow Jones futures rise as tech stocks led gains on AI momentum
Dow Jones futures edge up by 0.20% to reach 46,900 during European hours on Friday, ahead of the regular session opening in the United States (US). However, the S&P 500 futures rise 0.25% to trade above 6,750, while Nasdaq 100 futures gain 0.30% to trade near 25,200.Fxstreet
Fri, Oct 3
US Dollar Index remains below 98.00 due to Fed rate cut bets, government shutdown
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after registering gains in the previous session and hovering around 97.90 during the early European hours on Friday.Fxstreet
Fri, Oct 3
How could federal government shutdown affect the US Dollar?
The United States’ (US) federal government officially shut down on Wednesday as lawmakers failed to pass funding by the deadline. Following a second round of voting, the Senate rejected House Republicans’ stopgap bill to restore funding.Fxstreet
Thu, Oct 2
USD slides as labor data disappoints – BBH
USD remains under downside pressure against most major currencies. Global equity markets continue to edge higher while bond markets are treading water. The September US Challenger job cut announcement data is today’s highlight (12:30pm London, 7:30am New York), BBH FX analysts report.Fxstreet
Thu, Oct 2
Dow Jones futures remain steady as traders expect brief government shutdown
Dow Jones futures hover near 46,700 during European hours on Thursday, ahead of the regular session opening in the United States (US). However, the S&P 500 futures advance 0.17% to stay above 6,750, while Nasdaq 100 futures rise 0.37% to break above 25,100.Fxstreet
Thu, Oct 2
US Dollar Index falls toward 97.50 as government shutdown threatens federal jobs
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the fifth successive session and trading around 97.60 during the European hours on Thursday.Fxstreet
Thu, Oct 2
US Dollar Index (DXY) consolidates around 97.70-97.75 area, above one-week low
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on the overnight bounce from a one-week low and oscillates in a narrow band during the Asian session on Thursday.Fxstreet
Thu, Oct 2
US government shuts down, markets react – BBH
The US government has officially shutdown. USD and US equity futures are down. If the shutdown is brief, the Fed will ignore it. However, a prolong shutdown (more than two weeks), increases the downside risk to growth and raises the likelihood of a more accommodative Fed.Fxstreet
Wed, Oct 1
How stable is the relationship between US Treasury yields and the US Dollar? – Commerzbank
Many analysts have written about possible reasons for the divergence between the movement of 10-year US Treasury yields and the US dollar, with difficult US fiscal policy being a fairly straight-forward one.Fxstreet
Wed, Oct 1
