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US Dollar slumps below 98.00 as Fed rate cut odds rise, Fedspeak awaited
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second successive session and trading around 97.80 during the European hours on Wednesday.Fxstreet
3 hours ago
USD: Stronger bearish case after CPI report – ING
Yesterday’s US CPI release turned out to be a dollar-negative event. Core inflation accelerating to 3.1% YoY and 0.33% MoM is far from ideal, but equally not alarming enough to overshadow the deterioration in the jobs market, ING's FX analyst Francesco Pesole notes.Fxstreet
3 hours ago
Dow Jones futures rise as US inflation data fuels Fed rate cut hopes
Dow Jones futures edged up in early European trading on Wednesday, ahead of the regular United States (US) market open, hovering near 44,600 with a 0.09% gain. S&P 500 futures climbed 0.12% to above 6,450, while Nasdaq 100 futures advanced 0.19%, trading above 23,900.Fxstreet
3 hours ago
US Dollar Index loses traction to near 98.00 as traders ramp up Fed cut bets
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in negative territory near 98.00 during the Asian trading hours on Wednesday. The DXY extends the decline due to the prospect of an imminent Federal Reserve (Fed) rate cuFxstreet
5 hours ago
Dow Jones Industrial Average lurches higher after CPI inflation print
The Dow Jones Industrial Average (DJIA) caught some bullish lift on Tuesday, rising around 450 points after United States (US) Consumer Price Index (CPI) inflation data from July failed to push markets off of bets for an interest rate cut from the Federal Reserve (Fed) in September.Fxstreet
17 hours ago
US President Trump slams Powell, threatens lawsuit; Dollar dips on Fed independence concerns
US President Donald Trump attacked the Federal Reserve Chair Jerome Powell on his social network, saying that he is “too late” to lower interest rates and must lower them “NOW.” He complained that Steve Manunchin “really gave me a beauty when he pushed this loser,” for the Fed Chair role.Fxstreet
21 hours ago
Dow Jones futures bounce back ahead of US inflation data for July
Dow Jones futures attract significant bids in the overnight session on Tuesday. United States (US) equity futures rebound as both the United States (US) and China have confirmed that they agreed to postpone the tariff truce for 90 days.Fxstreet
Tue, Aug 12
US Dollar Index holds steady near 98.50 ahead of US CPI inflation data
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a flat note near 98.50 as traders prefer to wait on the sidelines ahead of a key US inflation report, which is due later on Tuesday.Fxstreet
Tue, Aug 12
Dow Jones Industrial Average eases as investors brace for CPI
The Dow Jones Industrial Average (DJIA) fell back on Monday, shedding around 200 points and testing below 44,000 once again as investors brace for the latest United States (US) Consumer Price Index (CPI) inflation figures due on Tuesday.Fxstreet
Mon, Aug 11
USD consolidates, focus on US inflation data – Scotiabank
FX trading is relatively subdued. There are no major data reports from the US or Canada this morning but the week ahead delivers updates on US CPI, PPI, Import Prices and Retail Sales, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Mon, Aug 11
Dow Jones futures rise due to rising odds of Fed multiple rate cuts
Dow Jones futures remain higher during early European hours, ahead of the regular market opening in the United States (US) on Monday, trading above 44,300, up by 0.12%. However, S&P 500 futures are steady near 6,400, and Nasdaq 100 futures fall 0.11% to trade around 23,700.Fxstreet
Mon, Aug 11
