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USD: Weak payrolls needed for FOMC to cut 50bps – MUFG
The debate on whether the FOMC should cut by 25 or 50bps could well become clearer by the end of the week when the non-farm payrolls data report for August arrives.
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
DXY: US jobs report on the way – DBS
The Dollar Index (DXY) faces resistance around 102.20 after its rebound from its 101.50 support level to 101.70 last week, DBS’ Senior FX Strategist Philip Wee notes.
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 up
Fxstreet
Sep 2, 2024
USD: Lots of US labour market data this week – ING
Having sold off around 5% since the start of July, the US D (USD) rebounded last week.
Fxstreet
Sep 2, 2024
DXY: To consolidate, US Markets Closed Today – OCBC
US data last Thursday/Friday where core inflation, 1y inflation expectations eased, 2Q GDP was revised higher and personal spending rose – suggested that US economy is on course for soft-landing.
Fxstreet
Sep 2, 2024
US Dollar adds gains after PCE figures, focus on labor market
On Friday, the US Dollar, measured by the US Dollar Index (DXY), extended gains after the release of July's Personal Consumption Expenditures (PCE) Index, which showed inflation continuing to be kept at bay.
Fxstreet
Aug 30, 2024
Dow Jones Industrial Average hits fresh record peak before slumping back to the middle
The Dow Jones Industrial Average (DJIA) tipped into a fresh record intraday high on Friday, echoing Monday’s record-setting bidding action.
Fxstreet
Aug 30, 2024
USD Consolidates into Long Weekend – Scotiabank
An orderly end to the week looks in store ahead of the long weekend in North America.
Fxstreet
Aug 30, 2024
US Dollar flat as traders keep powder dry ahead of PCE inflation data
The US Dollar (USD) trades flat to a touch softer on Friday after comments from European Central Bank Executive Board member Isabel Schnabel left European trading with a hawkish undertone.
Fxstreet
Aug 30, 2024
US Dollar sees green after strong GDP revisions
The US Dollar, measured by the US Dollar Index (DXY), saw further gains above 101.00 on Thursday.
Fxstreet
Aug 29, 2024
Dow Jones Industrial Average churns on Thursday but finds some gains
The Dow Jones Industrial Average (DJIA) rose 1.1%, or 450 points, on Thursday, buoyed by a forecast beat in US Gross Domestic Product (GDP) growth numbers in Q2.
Fxstreet
Aug 29, 2024
Forex Today: Markets’ attention now looks at US PCE
The Greenback extended its march north, helped by higher yields and firmer-than-expected results from GDP figures and weekly data of the labour market, all ahead of the publication of key PCE readings on Friday.
EUR/USD
Fxstreet
Aug 29, 2024
USD softer against most majors – Scotiabank
The USD is trading lower against the majority of its major currency peers so far today but the DXY is registering a small gain on the session, reflecting the underperforming EUR, which has slipped 0.2% to give the index a modest boost, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
EUR/USD
Fxstreet
Aug 29, 2024
US Dollar consolidates ahead of key US economic data
The US Dollar (USD) trades broadly unchanged on Thursday, easing somewhat against most of its peers, failing to extend Wednesday’s gains. The USD faces two days of a busy US economic calendar, with some data having the potential to be market-
Fxstreet
Aug 29, 2024
USD consolidation amid caution – DBS
The US Dollar (USD) rebounded slightly with DXY bumping back towards 101, DBS FX & Credit Strategist Chang Wei Liang notes.
Fxstreet
Aug 29, 2024
USD: Consolidation or base-building? – ING
There is quite a popular view out there that with 100bp of Fed cuts priced by the end of this year and a terminal rate already priced at 3.00%, the dollar does not need to fall much further.
Fxstreet
Aug 29, 2024
Dow Jones Industrial Average backslides 160 points on Wednesday
The Dow Jones Industrial Average (DJIA) trimmed near-term gains on Wednesday, backsliding 300 points in the midweek market session.
Fxstreet
Aug 28, 2024
US Dollar selling pressure eases, dovish Fed bets steady
The US Dollar, measured by the US Dollar Index (DXY), recovered modestly on Wednesday, after closing lower on Tuesday.
Fxstreet
Aug 28, 2024
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 boom
Fxstreet
Aug 28, 2024
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