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US Dollar hovers around 10-week high as markets rebuff aggressive Fed rate cuts
The US Dollar (USD) broadly consolidates on Tuesday after reaching a 10-week high on Monday, fuelled by investors’ views that the Federal Reserve won’t cut interest rates as quickly and aggressively as previously expected.Fxstreet
Oct 15, 2024
US Dollar strengthens as market continues digesting CPI data, eyes now toward Retail Sales
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, continues rising as markets are giving up their hopes of two cuts by the Federal Reserve (Fed) this year.Fxstreet
Oct 14, 2024
USD: Range-bound near term – ING
Casting around the globe to identify key FX drivers, we note the following: Saturday's China fiscal stimulus measures lack detail, oil is steady as markets await Israel's retaliation against Iran, and equity markets remain generally supported following strong US bank earnings released on Friday and expectations of positive announcements in the chip sector this week, ING’s Chris Turner notes.Fxstreet
Oct 14, 2024
US Dollar holds gains as Fed speakers stand out in soft start of t...
The US Dollar (USD) edges up slightly at the start of the week with several parts of the US markets closed for Columbus Day. Despite the bank holiday, three Federal Reserve (Fed) members are due to speak. Meanwhile, the additional stimulus packageFxstreet
Oct 14, 2024
US Dollar steady ahead of US PPI and Michigan release
The US Dollar (USD) stabilizes on Friday after a very solid rally this week, with the rate differential becoming the main driver. The question going forward for next week will be if this upward move in US Treasury rates was a bit overdone, seeing the USFxstreet
Oct 11, 2024
USD consolidates into PPI data – Scotiabank
The USD is consolidating this week’s gains after yesterday’s data reports interrupted its ascent, with the surprise rise in weekly claims offsetting and overshadowing slightly higher than expected CPI data, Scotiabank’s FX Chief FX Strategist Shaun Osborne notes.Fxstreet
Oct 11, 2024
