AUD rebounds on jobs report
AUD rebounds on jobs report
2024-09-19
The US dollar fell on Thursday after the Fed's larger-than-expected rate cut, which Powell said was to maintain low unemployment.
The dollar wavered on Wednesday
The dollar wavered on Wednesday
2024-09-18
The dollar wavered 18 Sep 2024 after US retail sales unexpectedly rose in August, and the Atlanta Fed raised its GDPNow estimate to 3% from 2.5%.
The dollar rose to a 4-week high against the euro
The dollar rose to a 4-week high against the euro
2024-09-12
On Thursday, the dollar hit a four-week high against the euro as persistent inflation suggested the Fed might avoid a large rate cut next week.
The yen hit a year-high against the dollar
The yen hit a year-high against the dollar
2024-09-11
On Wednesday, the yen surged to its highest level this year against the dollar after Harris and Trump debated ahead of the November election.
The euro has not fluctuated much
The euro has not fluctuated much
2024-09-10
The dollar held steady early Tuesday, with the euro little changed. A weaker jobs report boosts expectations for a 50 bps Fed cut this month.
The Australian dollar rebounded from a recent low
The Australian dollar rebounded from a recent low
2024-09-09
The dollar stayed in tight ranges Monday as investors awaited US inflation data for clues on the Fed's expected rate cut later this month.
The Swiss franc rose to a more than one-week high
The Swiss franc rose to a more than one-week high
2024-09-06
On Friday, the US dollar fell to a one-week low as mixed job market signals emerged before key payroll data likely to influence Fed policy.
The Yen Strengthens as a Safe Haven
The Yen Strengthens as a Safe Haven
2024-09-05
The dollar fell Thursday on US economic worries, with the yen rising on safe-haven demand. Traders see a 44% chance of a 50-bp cut this month.
Safe-Haven Currencies Rally on Wednesday
Safe-Haven Currencies Rally on Wednesday
2024-09-04
Safe-haven currencies surged Wednesday as Wall Street and Asian stocks fell sharply, leading to losses in commodity currencies.
Dollar Drops Over 2% in August
Dollar Drops Over 2% in August
2024-09-03
The dollar fell over 2% in August, its biggest drop this year, offering some relief to economies strained by earlier dollar strength.
Dollar Reaches Two-Week High vs Euro
Dollar Reaches Two-Week High vs Euro
2024-09-02
The dollar rose to a two-week high against the euro as traders reduced Fed easing bets, focusing on this week's key US jobs report.
Dollar Set to Break Five-Week Losing Streak
Dollar Set to Break Five-Week Losing Streak
2024-08-30
The dollar neared a one-week high on Friday, set to end a five-week slide, as strong economic data reduced bets on aggressive Fed rate cuts.
Euro Pulls Back from 13-Month High
Euro Pulls Back from 13-Month High
2024-08-29
The dollar steadied on Thursday, recouping some losses. Markets fully expect a 25-bp Fed rate cut next month, with a 34.5% chance of a 50-bp cut.
Canadian Dollar Holds Steady at 5-Month High
Canadian Dollar Holds Steady at 5-Month High
2024-08-28
On Wednesday, the US dollar stayed near its lowest level in over a year, with forex market activity muted as traders awaited updates on the economy.
Euro and Pound Rise on Tuesday
Euro and Pound Rise on Tuesday
2024-08-27
The euro and pound rose on Tuesday, boosted by a pause in oil price gains, approaching their recent multi-month highs against the dollar.