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The Australian Dollar Continued Its Gains
The Australian Dollar Continued Its Gains
2024-08-28
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
2024-08-28
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
2024-08-28
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
2024-08-28
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 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 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.
The Euro Nears One-Month Low
The Euro Nears One-Month Low
2024-08-09
The dollar weakened Thursday as carry trades faded. JPMorgan CEO Jamie Dimon believes the odds of a "soft landing" for the US economy are 35–40%.
The Dollar Rebounds from Seven-Month Low
The Dollar Rebounds from Seven-Month Low
2024-08-09
A BOJ official downplayed a near-term rate hike on Wednesday, adding to a week already marked by fears about the US recession.
The Canadian recovered from a 21-month low
The Canadian recovered from a 21-month low
2024-08-06
The US dollar was nursing steep losses on Tuesday as the ISM service PMI rebounded from a four-year low in July amid an increase in new orders.
The Swiss Franc Jumps to 7-Month High
The Swiss Franc Jumps to 7-Month High
2024-08-06
The dollar fell on Monday after a poor jobs report. Fed fund futures show a 99% chance of a 50 bps rate cut at the September meeting, per LSEG data.
Sterling Hits One-Month Low
Sterling Hits One-Month Low
2024-08-05
Sterling fell to a one-month low after a 1% drop as the BOE began cutting rates. The euro stayed near a one-month low despite sticky inflation.
Yen Hits New High Since March
Yen Hits New High Since March
2024-08-02
The US dollar fell Thursday as the Fed hinted at a September rate cut. Powell said a pivot is possible if disinflation continues as expected.
Euro Edges Up Slightly on Tuesday
Euro Edges Up Slightly on Tuesday
2024-07-31
The dollar stayed range-bound Tuesday. Traders expect the Fed to hold steady, start easing in September, and cut rates by 65 bps this year.
Yen Stabilizes on Monday
Yen Stabilizes on Monday
2024-07-31
The dollar inched up on Monday as traders awaited the Fed’s policy decision. The Fed is expected to maintain a wait-and-see stance before September.