Yen Struggles After Volatile Start
Yen Struggles After Volatile Start
2024-07-12
The yen softened after Friday's volatile start, with an earlier sharp surge sparking speculation that Tokyo intervened to lift it from 38-year lows.
Sterling Rises to a 4-Month High
Sterling Rises to a 4-Month High
2024-07-11
On Thursday, the dollar dropped as Fed Chair Jerome Powell suggested a nearing interest rate cut, contingent on further inflation declines.
Swiss Franc Rebounds After Recent Decline
Swiss Franc Rebounds After Recent Decline
2024-07-10
The dollar rose Wednesday after Fed Chair Powell said a rate cut won't happen until the Fed is confident inflation is heading to the 2% target.
USD Near Multi-Week Low on Tuesday
USD Near Multi-Week Low on Tuesday
2024-07-09
US dollar near multi-week low, 76% odds of a September rate cut per CME Group's FedWatch Tool ahead of Powell's testimony.
USD Movement Report: Monday Recap
USD Movement Report: Monday Recap
2024-07-08
The dollar steadied after a 1% loss last week. CME's FedWatch Tool shows 76% odds of a rate cut at the Fed's September meeting.
US Dollar Near Three-Week Low
US Dollar Near Three-Week Low
2024-07-05
On Friday, the US dollar neared three-week lows ahead of payrolls, while the pound held strong with Labour poised for a UK election landslide.
Dollar was on the Back Foot on Thursday
Dollar was on the Back Foot on Thursday
2024-07-04
Thursday saw the dollar weaken after ADP reported fewer job gains in June, aligning with increased initial unemployment claims last week.
The dollar remained on the back foot on Wednesday
The dollar remained on the back foot on Wednesday
2024-07-03
On Wednesday, the dollar weakened as Fed Chair Jerome Powell's dovish remarks, despite a strong jobs report, pushed Treasury yields down.
Rising Treasury Yields Support the Dollar's Strength
Rising Treasury Yields Support the Dollar's Strength
2024-07-02
The dollar rose with Treasury yields, driven by expectations of Donald Trump winning the presidency and starting another trade war.
Euro Surges on Monday
Euro Surges on Monday
2024-07-01
The euro jumped Monday after the French far right's election win fell short, leaving the final result dependent on party deals.
Dollar Heads for Second Quarterly Gain
Dollar Heads for Second Quarterly Gain
2024-06-28
On Friday, the dollar aimed for a second quarterly gain, while Sterling's movement hinged on the upcoming UK general election.
The Euro Drop 1.4% This Month
The Euro Drop 1.4% This Month
2024-06-27
The dollar trimmed gains from the previous session as Treasury yields slightly eased. US new home sales fell last month due to high mortgage rates.
The Australian Dollar Rises on Inflation
The Australian Dollar Rises on Inflation
2024-06-26
On Wednesday, the dollar edged up as Fed officials signaled no rush for rate cuts. The Aussie dollar rose on inflation hitting a six-month high.
Canadian Dollar Hits Multi-Week High
Canadian Dollar Hits Multi-Week High
2024-06-25
The dollar dipped on political concerns. The Canadian dollar rose to multi-week highs after the BOC predicted growth amid easing inflation.
Dollar Remains Steady on Monday
Dollar Remains Steady on Monday
2024-06-24
The dollar was steady on Monday. Markets see a 58% chance of a September rate cut and expect two cuts this year, per LSEG's FedWatch data.