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The US labour market is always good for a surprise – Commerzbank
What a US jobs report! Not only was the actual number higher than any of the economists in the Bloomberg survey had expected, but the previous two months were revised sharply higher and the unemployment rate surprisingly fell, Commerzbank’s FX analyst Michael Pfister notes.Fxstreet
Oct 7, 2024
US Dollar extends three-day winning streak on increased safe-haven flows, lower odds of big Fed rate cut
The US Dollar (USD) trades firmly stronger again on Thursday, fuelled by safe-haven flows due to increased geopolitical tensions in the Middle East, a weaker Japanese Yen (JPY), and diminishing chances of another large interest-rate cut by the US Federal Reserve (Fed) in November.Fxstreet
Oct 3, 2024
US Dollar Index (DXY) holds steady above 101.00, looks to US ADP for fresh impetus
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, consolidates its gains registered over the past two days and oscillates in a range, just above the 101.00 mark, through the early European session on Wednesday.Fxstreet
Oct 2, 2024
USD recovery helped by supportive spreads – Scotiabank
Softer than expected US PCE data Friday undercut the US Dollar (USD) broadly at the start of the week but the USD has recovered this morning to trade higher overall against its major currency peers, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Oct 1, 2024
