US Dollar on fire as Japan, China commit to further easing: The US Dollar is on fire today, as investors seek safety in the world’s reserve currency. The Japanese Yen and Chinese Yuan are both under pressure after their respective central banks announced plans to further ease monetary policy. The Bank of Japan (BoJ) said …
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The dollar steadies on strong housing data, Fed testimony in focus The dollar index held steady around 102.5 on Wednesday, supported by surprisingly strong US housing data. Investors are also awaiting comments from Federal Reserve Chair Jerome Powell’s testimony before Congress later in the day. Data showed that housing starts in the US surged 21.7% …
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Gold Price Forecast: A Strong Dollar and Fed Chair Powell’s Testimony Loom The gold price tumbled sharply on Tuesday as the US dollar strengthened and traders awaited the testimony of Federal Reserve Chair Jerome Powell to Congress. The dollar index, which measures the value of the dollar against a basket of other currencies, rose to …
Gold Price Forecast: A Strong Dollar and Fed Chair Powell’s Testimony Loom Read More »
US Housing Starts Jump 21.7% in May, Building Permits Rise 5.2% The US housing market showed signs of life in May, with housing starts jumping 21.7% on a monthly basis. This was the largest monthly increase since March 2020, and it easily beat economists’ expectations for a decline of 0.8%. The surge in housing starts …
US Housing Starts Jump 21.7% in May, Building Permits Rise 5.2% Read More »
The USD/CAD pair is consolidating above the 1.3200 level as investors await the release of key economic data from Canada and the US. The Canadian dollar is expected to receive support from the Retail Sales data, which is expected to show a modest increase in April. However, the oil price is capped above $72.00, which …
USD/CAD stabilizes above 1.3200 following footprints of sideways oil and USD Index Read More »
The dollar index steadied above 102 on Monday as investors weighed the implications of the Federal Reserve’s pause in its tightening campaign against the hawkish stance of other major central banks. The index, which measures the greenback against six major currencies, fell 1.2% last week after the Fed’s decision to keep rates unchanged. However, the …
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 …
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 »
Eurostoxx +0.4% Germany DAX +0.3% France CAC 40 +0.3% UK FTSE flat Spain IBEX flat This mirrors the positive state of mind in US prospects, with S&P 500 fates seen up 25 focuses, or 0.6%, on the day. After the previous late mishap in Money Road, it seems to be the alleviation rally is continuing …