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US Dollar: Upcoming data to support hawkish Fed stance – BBH
Brown Brothers Harriman’s Elias Haddad notes the Dollar has eased from recent highs as lower Oil prices and comments from New York Fed President John Williams temper rate expectations. However, upcoming US August PCE and September ADP data are expected to show sticky inflation, stronger consumer spending and resilient labor demand, which BBH says should reinforce the Fed’s hawkish bias and support further USD strength.
Fxstreet
Wed, Sep 30
US Dollar: Rally seen stretched into year-end – TD Securities
TD Securities’ TD Macro Research Insight argues the US Dollar rally is stretched against major currencies and is unlikely to break to new highs in current Fed hiking cycle. Month-end equity rebalancing flows, weaker-than-consensus US payrolls, and broadly short G10 FX positioning versus USD support a bearish Dollar regime, with risks from a potential US diesel export ban and geopolitical escalation.
Fxstreet
Wed, Sep 30
US Dollar Index Price Forecast: Possibility of breakout above 101.80 hinges on US data
The US Dollar (USD) trades slightly lower against its key currency peers on Wednesday. At press time, the US Dollar Index (DXY), which gauges the Greenbacks value against six major currencies, is down 0.11% to near 101.28. Still, the asset is close to its two-month high of 101.64.Fxstreet
Wed, Sep 30
Forex Today: Focus shifts to US PCE, ADP, inflation in OZ and Chinese PMIs
The US Dollar (USD) has accelerated its recovery, adding to the positive start to the week and clinching new multi-week tops, always helped by the persistent advance in US Treasury yields and unabated geopolitical concerns.Fxstreet
Tue, Sep 29
USD: Data risks support Dollar gains – ING
ING’s Francesco Pesole notes fading optimism on US–Iran talks and rising Oil prices are reinforcing support for the Dollar, with Brent near $107 and equities at risk from rapidly rising rates. He sees upcoming US consumer confidence and JOLTS data as key for Dollar direction.Fxstreet
Tue, Sep 29
S&P 500: Higher yields pressure equities – Deutsche Bank
Deutsche Bank’s Early Morning Reid notes that rising US yields and Oil prices are weighing on equities. The S&P 500 fell nearly 0.8%, led by larger declines in the Magnificent 7, while defensive sectors such as consumer staples and healthcare posted modest gains.Fxstreet
Tue, Sep 29
US Dollar Index Price Forecast: Likely revisit yearly high at around 101.80
The US Dollar (USD) outperforms its peers amid firm expectations that the Federal Reserve (Fed) will deliver more interest rate hikes this year. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.1% higher to near 101.25.Fxstreet
Tue, Sep 29
Dow Jones Industrial Average gives back Friday's rally on a Boeing delay
A software bug at Boeing (BA) cost the Dow Jones Industrial Average more points than a record $150 billion buyback at Nvidia (NVDA) put back. The index closed just under 51,500, handing back about two-thirds of Friday's rally.Fxstreet
Mon, Sep 28
USD: Speculative longs steady as Fed hikes – Rabobank
Rabobank’s RaboResearch Global Economics & Markets FX Strategy team notes that USD net long speculative positions were broadly unchanged, with both longs and shorts rising modestly. The Federal Reserve raised its overnight policy rate by 25bp on September 16, matching expectations.Fxstreet
Mon, Sep 28
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