News
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USD retains a soft undertone – Scotiabank
The US Dollar (USD) is a little softer overall again this morning, reflecting a renewed strengthening in the bearish narrative amid investor concerns over the outlook for the US economy and monetary policy as well as the focus on the risk of political influence on Fed policy making and US data.Fxstreet
4 hours ago
Dovish Fed talk weighs on USD as markets rally – BBH
US Dollar (USD) is trading heavy while equity markets continue to edge higher as Fed officials are sounding more dovish and global economic activity is resilient. Rate differentials point to further USD weakness, BBH FX analysts report.Fxstreet
6 hours ago
DXY: Some consolidation expected in the interim – OCBC
US Dollar (USD) extended its slippage overnight. Fedspeaks this week from officials, including Lisa Cook, Kashkari and Mary Daly have also been on a slightly dovish tilt, adding to USD softness. DXY was last at 98.10, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
6 hours ago
Dow Jones futures tick up as Apple Inc. pledges $100 billion investment in the US
Dow Jones futures trade marginally higher during the European trading session on Thursday. United States (US) equities edge up as significant gains in technology companies have overcome weakness in rest of industries.Fxstreet
8 hours ago
US Dollar Index treads water above 98.00 ahead of Initial Jobless Claims
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is steadying after registering more than 0.5% losses in the previous session. The DXY is trading around 98.20 during the Asian hours on Thursday.Fxstreet
13 hours ago
Dow Jones Industrial Average jumps on Wednesday, but gains remain limited
The Dow Jones Industrial Average (DJIA) found slim gains on Wednesday, gaining around 100 points from Tuesday’s close. The Dow is testing the 44,250 region as the major equity index rebounds from a near-term low after five straight sessions of declines last week.Fxstreet
22 hours ago
US Dollar Index (DXY) drifts lower to 98.50 amid speculation about the next Fed Chair
The US Dollar is trading lower on Wednesday, weighed by a combination of renewed stagflation concerns following weak US macroeconomic data and investors’ caution, awaiting Trump’s nominee for the Fed Chair.The US President narrowed down the number of candidates to four after the rejection of TreasurFxstreet
Wed, Aug 6
Dow Jones futures rise ahead of upcoming corporate earnings reports
Dow Jones futures surge during early European hours, ahead of the market opening in the United States (US) on Wednesday, trading around 44,450, up by 0.51%. Meanwhile, S&P 500 futures advance by 0.47% to 6,350, and Nasdaq 100 futures appreciate 0.34% to trade above 23,200.Fxstreet
Wed, Aug 6
US Dollar Index posts modest gains above 98.50 as traders await Fed Governor replacement
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades with mild gains near 98.80 during the Asian trading hours on Wednesday.Fxstreet
Wed, Aug 6
Dow Jones Industrial Average grapples with soft PMI print
The Dow Jones Industrial Average (DJIA) took a hit early Tuesday, declining after United States (US) ISM Purchasing Manager Index (PMI) figures for July came in below expectations, adding further downside pressure to already-battered investor sentiment.Fxstreet
Tue, Aug 5
USD: Risk-on mood and US data weigh on USD dynamics – BBH
US Dollar (USD) is hovering at the top-end of the range carved-out since Friday’s post-NFP low. US stocks are powering forward and dragging global equity markets higher. **Expectations of looser Fed policy and resilient global economic activity are fueling the stock market rally**.Fxstreet
Tue, Aug 5
US Dollar Index maintains position near 99.00 ahead of ISM PMI data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground for the second successive day and trading around 98.80 during the European hours on Tuesday.Fxstreet
Tue, Aug 5
