The USD Index extends its recovery to 102.60 as investors await Fedspeak and housing data. The USD Index (DXY) continued to recover on Tuesday, reaching new 3-day highs around 102.60. The index has been on an upward trend for the past three sessions, as investors have become more optimistic about the outlook for the US …
Gold prices are stuck in a narrow range as investors look ahead to Powell’s testimony and the Fed’s rate hike plans. Gold prices were flat on Tuesday as investors awaited further guidance on interest rates from U.S. Federal Reserve Chair Jerome Powell. The Fed is expected to keep rates unchanged at its meeting later this …
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 …
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 …
On Wednesday, cautious trade weighed on stocks, while the dollar halted its recent slide as markets anticipated a peak in the Federal Reserve’s rate hike cycle sooner than U.S. banking sector worries. The MSCI index of Asia shares outside Japan (.MIAPJ0000PUS) fell 0.4% to pull back from Monday’s two-month peak, and Japan’s Nikkei NI225 was …
Stocks slip as focus turns back to Fed and inflation Read More »
The dollar edged lower on Wednesday, while most Asian currencies barely budged as markets looked for more clues on monetary policy from key U.S. inflation data and the Fed’s March meeting minutes due later in the day. A cautionary note on a possible recession from Minneapolis Fed chief Neel Kashkari also weighed on sentiment, although …
Asia FX flat, dollar dips ahead of CPI data, Fed minutes Read More »
The greenback stayed near 102.1 on Wednesday in quiet trading after slipping a bit on Tuesday, as traders waited for a crucial US inflation report that could sway the Fed’s rate decision in May. The US Labor Department’s jobs report on Friday showed that the job market was still strong, easing some fears of a …