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U.S. CPI
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
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
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.
The British Pound is Near a March 2022 High
2024-08-26
The dollar fell Monday after Fed Chair Powell warned of rising labor market risks, easing price pressures without major job losses.
Yen Rises After Bank of Japan Action
2024-08-23
The dollar dipped slightly on Friday as markets await Powell's speech at the Jackson Hole event, hoping for clues on the Fed's near-term rate cuts.
Canadian Dollar Nears Four-Month High
2024-08-22
The dollar hovered near one-year lows as Fed minutes signaled upcoming rate cuts. Many officials noted that US payroll gains might be overstated.
Dollar Reaches Yearly Low Against Euro
2024-08-21
The dollar hit a yearly low against the euro, with traders eyeing US payroll revisions. US bond yields fell to their lowest since early August.
The Dollar Wobbled Near a Seven-Month Low
2024-08-20
The dollar wobbled near a seven-month low on bets the Fed will cut rates next month, with traders awaiting Chair Powell's comments on Friday.
The dollar rebound was capped on Monday
2024-08-19
On Monday, the US dollar struggled in a tight range as investors awaited new clues on interest rate outlooks for the week.
The Australian Dollar Continued Its Gains
2024-08-16
The dollar eased slightly, ending its biggest rally since July 18, as stronger-than-expected retail sales eased recession fears.
The UK Economy Grows 0.6% in the Second Quarter
2024-08-15
Consumer prices fell below 3% for the first time since 2021, causing the dollar to weaken. The pound rose with 0.6% UK Q2 GDP growth.
Dollar Weakens on Wednesday
2024-08-14
The dollar lagged on Wednesday as US producer prices slowed and service costs fell the most in nearly 1.5 years, signaling easing price pressures.
Pounds Rise as Unemployment Drops
2024-08-13
The dollar was flat on Tuesday. Traders expect 100 bps of Fed cuts by year-end, per CME Group's FedWatch, after the Sahm rule is triggered.
The yen was slightly lower on Monday
2024-08-12
The yen weakened slightly on Monday in thin trading due to a Japanese holiday as markets remain uncertain about a significant Fed rate cut next month.
The Australian dollar nears July's peak.
2024-08-09
The dollar hovered near a one-week high Friday after US jobless claims fell to a year-low. The Australian dollar neared its late-July peak.
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