Fitch Puts US on Watch; Will it Matter in Washington? The U.S. debt ceiling saga continues to hang over global markets, with the White House and Republicans both citing progress in the latest round of talks but no breakthrough yet. Ratings agency Fitch opted not to wait, placing the country’s “AAA” rating on watch for …
Fitch Puts US on Watch; Will it Matter in Washington? Read More »
The greenback weakened on Wednesday after a report showed that US inflation eased more than expected in April, reinforcing expectations that the Federal Reserve will keep its interest rate policy unchanged in June. The annual inflation rate dropped to 4.9% in April, missing forecasts of 5% and marking the first time it has fallen below …
The dollar index fell to 101.3 on Wednesday, approaching again levels not seen in near a year, after the US inflation rate unexpectedly continued to decline to 4.9% in April and the annual core rate edged lower to 5.5% as expected. The CPI data increased bets the Fed will pause rate hikes in June. The …
Dollar Edges Lower after Lower-than-Expected Inflation Read More »
no progress on resolving the debt ceiling crisis, but currency movements were limited ahead of U.S. inflation data due later in the day. Biden and House of Representatives Speaker Kevin McCarthy remained at odds over lifting the $31.4 trillion U.S. debt limit after meeting on Tuesday, with only a few weeks left before the United …
The U.S. dollar edged up on Tuesday after a survey of loans showed that the credit situation in the U.S. was not as bad as feared, while the British pound neared a one-year high on hopes that the Bank of England will hike interest rates this week. In Asia, trade figures released on Tuesday revealed …
The dollar rises slightly, sterling hovers near a one-year high Read More »
Dollar weakens as traders eye inflation and loans data The dollar started the week on the back foot on Monday, as traders sold it against currencies that may have more room to raise interest rates while waiting for inflation and loans data that could sway the U.S. monetary policy outlook. The pound GBPUSD, near an …
Dollar under pressure as traders wait on loans data Read More »
Dollar Loses Ground as Fed Signals Pause in Rate Hikes The dollar index edged lower to 101 on Monday, continuing its downward trend from last week as the Federal Reserve suggested it may stop raising rates for now. The Fed raised its benchmark rate by 25 basis points on Wednesday, as widely expected, but dropped …
The dollar was on the back foot on Wednesday, as investors awaited a U.S. interest rate decision later in the day, with doubts about how long the Federal Reserve will maintain its tight policy stance amid disappointing jobs data and concerns over the U.S. debt limit and banking sector woes. U.S. job openings dropped for …
The yen weakened on Friday after the Bank of Japan (BOJ) kept its ultra-loose monetary policy unchanged, while the U.S. dollar was set to end the month with a second consecutive loss. The BOJ announced on Friday that it will keep interest rates at rock-bottom levels, as widely expected, and did not make any changes …
The yen weakened on Friday after the Bank of Japan (BOJ) kept its ultra-loose Read More »
Sure, I can help you with that. Here is a possible rewritten version of the article: The US dollar index (DXY) was trading around 101.3 on Tuesday, down 0.4% from the previous day, as market participants weighed the prospects of the US economy and the Fed’s monetary policy stance. The market is digesting a slew …