News
Important Only
US Dollar marches higher, nears multi-month highs
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, rose near a three-month high as traders flocked to the US Dollar on Wednesday.The rally was driven by persistent global economic divergence, a more hawkish Federal Reserve (Fed), and upbeat US growth projections by the International Monetary Fund (IMF).Fxstreet
Oct 23, 2024
US Dollar stretches gains – Scotiabank
The US Dollar (USD) is extending gains this morning, pressuring the EUR below 1.08 and driving USDPY above 152 as US yields rebound from yesterday’s dip, leaving the 10Y yield within a whisker of 4.25%, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Oct 23, 2024
US: What would happen to the Dollar if Trump were to win? – Commerzbank
What would be different under Trump? For FX analysts, specifically: Would a second Trump term lead to US dollar strength or weakness? When US goods become more expensive relative to goods from the rest of the world, it can happen in two ways.Fxstreet
Oct 23, 2024
USD remains firm but gains slow – Scotiabank
The US Dollar (usd) is trading flatter against its major currency peers as DXY gains show some—tentative—signs of stalling around the 104 area (which was the upper end of the range I suggested the DXY could reach at the start of the month as the index started to show signs of gaining momentum), Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Oct 22, 2024
US Dollar supported as markets cool down Fed’s rate cut cycle prospects
The US Dollar (USD) slightly retraces on Tuesday following a small sprint higher on Monday that drove the US Dollar Index (DXY), which gauges Greenback’s value against six major currencies, to a fresh 11-week high after US equities retreated from their all-time highs.Fxstreet
Oct 22, 2024
