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.
The British Pound is Near a March 2022 High
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
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
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
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
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
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
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
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
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
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
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.
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.