Yen Slips to One-Week Low as Kiwi Jumps on NZ Inflation Data The Japanese yen slipped to a one-week low against the dollar on Wednesday, while the New Zealand dollar jumped after a higher-than-expected inflation reading pushed prospects of policy easing further out. The yen fell to 139.41 per dollar, its lowest level since July …
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Dollar Treads Water as Investors Mull Fed Outlook The dollar index held steady around the 100 mark on Wednesday, as investors continued to assess the outlook for Federal Reserve monetary policy. The index, which measures the value of the dollar against a basket of six major currencies, was little changed after data showed US retail …
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The Dollar Weakens as Investors Weigh Inflation Data The dollar weakened against major currencies on Tuesday as investors assessed the latest inflation data from the United States. The Consumer Price Index (CPI) rose 8.6% year-on-year in May, slightly below expectations but still the highest level in 40 years. The strong inflation reading fueled concerns that …
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Dollar Holds Decline on Dovish Fed View The dollar index held below 100 on Monday after losing more than 2% last week and sinking to its lowest levels in fifteen months, as softer-than-expected US inflation data raised hopes that the Federal Reserve may be close to the end of its current monetary policy tightening cycle. …
The US Dollar Selloff: Justified, But Not Sustainable The US dollar has been on a downward trend in recent weeks, hitting a 15-month low against the euro on Friday. This selloff has been driven by a number of factors, including the Federal Reserve’s hawkish stance on interest rates, concerns about a global economic slowdown, and …
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U.S. Stocks Rise on Expectations of Early End to Fed’s Rate-Hike Cycle U.S. stocks rose Thursday morning, extending the previous session’s gains after cooler-than-expected inflation data raised expectations of an early end to the Federal Reserve’s rate-hiking cycle. The Dow Jones Industrial Average was up 0.2%, the S&P 500 was up 0.4%, and the Nasdaq …
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Dollar Could Be Starting Cyclical Decline The dollar has fallen sharply in recent weeks, and some analysts believe that it could be starting a cyclical decline. This is due to a number of factors, including weaker-than-expected U.S. inflation data, the prospect of peak U.S. interest rates, and a stronger euro. The dollar index, which measures …
Bank of Canada to hike interest rates again in Bid to tame inflation The Bank of Canada is widely expected to hike its benchmark interest rate by a quarter percentage point on Wednesday, bringing it to 5%. This would be the central bank’s third consecutive rate hike and its highest policy rate since 2007. The …
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Dollar Hits 2-Month Low Before US Inflation Data Investors are betting that U.S. inflation data due later today will show a sharp slowdown, which could lead the Federal Reserve to end its aggressive rate hike cycle. Economists polled by Reuters expect to see June U.S. consumer price inflation slow to 3.1% from 4% in May. …
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Dollar Weakness: A Sign of Things to Come? The dollar has been on a downward trend in recent weeks, and there are a few reasons why this might be happening. One reason is that interest rates in the United States are rising, while interest rates in other countries are staying relatively low. This makes U.S. …