News
Important Only
USD: Data remains the biggest driver – ING
The much-anticipated Trump-Putin meeting in Alaska is scheduled for 20.30 BST/21.30 CET, so any headlines may just be able to impact late US trading, but it’s quite possible that the bulk of the market reaction will only materialise on Monday.Fxstreet
9 hours ago
DXY: Eyeing data – OCBC
US Dollar (USD) jumped overnight in response to hotter-than-expected PPI while Treasury Secretary Bessent made clarification on his earlier comments with regards to rate cuts. DXY was last at 97.88 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
10 hours ago
US Dollar Index (DXY) retreats below 98.00 ahead of the Trump-Putin meeting
The US Dollar remains trading within a descending channel. The bullish reaction to the stronger-than-expected PPI figures seen on Thursday was capped at the top of the channel, around 98.35, and the index has given away practically all post-PPI gains on Friday, returning to levels below 98.00.Fxstreet
11 hours ago
DXY: Bias for downside play – OCBC
USD continued to trade under pressure, as Fed fund futures shifted to fully price in a 25bp cut at the Sep FOMC. Treasury Secretary Scott Bessent said on Bloomberg TV interview that 'We could go into a series of rate cuts here, starting with a 50bp cut in September'.Fxstreet
Thu, Aug 14
Dow Jones futures moves little ahead of US economic data
Dow Jones futures steadied during early European trading on Thursday, ahead of the regular North American market open, trading near 45,000. S&P 500 futures fell 0.8% to trade near 6,450, while Nasdaq 100 futures declined 0.8%, trading near 23,900.Fxstreet
Thu, Aug 14
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
Wed, Aug 13
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
Wed, Aug 13
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
Wed, Aug 13
