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Short covering lifts USD – Scotiabank
A big week lies ahead for markets. There is plenty of US data to work through but the NFP update at the end of the week is the primary focus for traders looking for guidance on how aggressive a widely expected Fed rate cut on September 18th will be, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Sep 3, 2024
US Dollar extends consolidation as labor market data looms
The US Dollar (USD) trades broadly stable on Tuesday as it officially starts its trading week after US markets were closed on Monday for Labor Day. The Greenback is slightly up against almost every major currency on the quote board, except for theFxstreet
Sep 3, 2024
Forex Today: US data should rule the sentiment so far
Scarce volatility due to the inactivity in the US markets allowed the appetite for the risk-linked assets to regain some traction at the beginning of a data-packed week, while expectations of a Fed rate cut in September remained well in place.Fxstreet
Sep 2, 2024
US Dollar Index Price Forecast: Flashing signs the trend could be changing
The US Dollar Index (DXY) has bounced off support at the floor of its multi-year range and formed some reversal patterns which indicate the possibility it may be reversing the bearish move down from the July highs.Fxstreet
Sep 2, 2024
US Dollar consolidates in calm start of holiday-shortened week
The US Dollar (USD) sidelines on Monday with a very mixed picture on the quote board against most major currencies. The US Dollar kicks off this week with a calm due to the Labor Day holiday in the US, but the economic calendar will be picking upFxstreet
Sep 2, 2024
