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US Dollar benefits from mild risk-off mood ahead of Nvidia earnings
The US Dollar (USD) trades mixed again on Wednesday, with markets getting a bit nervous ahead of Nvidia Corp. (NVDA) earnings to be released after the US closing bell. Seeing the recent slowdown in some economic numbers and with the boomFxstreet
Aug 28, 2024
USD: Reaction to Powell looked a bit overdone from the start – ING
A round of risk aversion is hitting the FX market this morning as the Chinese earnings season has failed to offer any real support to Asian equities and the impact of Federal Reserve Chair Jay Powell’s speech on Friday wears off.Fxstreet
Aug 28, 2024
Dow Jones Industrial Average clips new record bids on thin Monday volumes
The Dow Jones Industrial Average (DJIA) slipped higher to test a new record high of 41,419.65 on Monday, but investors are still recovering from last Friday’s surge after the Federal Reserve (Fed) all but confirmed that a new rate-cutting cycle would kick off in September.Fxstreet
Aug 26, 2024
US Dollar licks its wounds after one of worst weeks in over a year
The US Dollar (USD) is trading broadly flat on Monday after printing one of its worst weekly performances since June 2023. The US Dollar Index – which weighs the value of the US Dollar against a bucket of other currencies – shed 1.75% last week, withFxstreet
Aug 26, 2024
USD: Cautious Powell may give some help to the dollar – ING
The latest batch of US data has not firmly argued in favour of a 50bp Federal Reserve rate cut in September, and most FOMC members have also appeared to moderately push back against that prospect in recent off-meeting comments.Fxstreet
Aug 23, 2024
