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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.
Canadian Dollar Rebounds from Eight-Week Low
Canadian Dollar Rebounds from Eight-Week Low
2024-07-31
Following strong economic news, the dollar was steady on Friday. US GDP grew at a 2.8% annual rate last quarter, beating expectations.
The Yen Hits 2.5 Months High
The Yen Hits 2.5 Months High
2024-07-26
The yen reached a 2.5-month high on Thursday, with the dollar, euro, and sterling falling over 1% ahead of next week's BOJ meeting.
Australian Dollar Falls 7% in Two Weeks
Australian Dollar Falls 7% in Two Weeks
2024-07-25
The US dollar rose on Wednesday as traders awaited inflation data. June home sales fell more than expected, and median prices hit a record high.
Weakness in the Australian Dollar
Weakness in the Australian Dollar
2024-07-24
The dollar dipped Tuesday as the Trump trade unwound, easing Treasury yields. Harris secured enough delegates for the Democratic nomination.
The Japanese Yen may Face a Turning Point
The Japanese Yen may Face a Turning Point
2024-07-23
The dollar fell on Monday as investors reacted to Biden ending his re-election bid. The yen strengthened as June exports rose for the seventh month.
Yen Pulls Back from Six-Week High
Yen Pulls Back from Six-Week High
2024-07-19
The dollar steadied on Friday, poised to end a two-week decline, as US data fueled speculation on the timing and scale of Fed rate cuts.
Dollar Stabilizes Following Four-Month Low
Dollar Stabilizes Following Four-Month Low
2024-07-19
The dollar firmed on Thursday after hitting a four-month low, as growing expectations of Fed rate cuts weighed on the greenback and Treasury yields.
Data boosts the pound on Wednesday
Data boosts the pound on Wednesday
2024-07-17
On Wednesday, the dollar weakened despite a brief lift from strong retail sales. Traders' attention shifted to potential September rate cuts.
Dollar Rises from Five-Week Low
Dollar Rises from Five-Week Low
2024-07-17
The dollar rose from five-week lows on Tuesday as investors weighed rate-cut prospects after Fed Chair Powell's comments and Trump's re-election odds.
The Australian dollar edged lower on Monday
The Australian dollar edged lower on Monday
2024-07-15
On Monday, the dollar rose broadly as traders anticipated a Trump election victory following an attempted assassination of the former president.
Yen Struggles After Volatile Start
Yen Struggles After Volatile Start
2024-07-15
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
2024-07-12
On Thursday, the dollar dropped as Fed Chair Jerome Powell suggested a nearing interest rate cut, contingent on further inflation declines.
EBC Daily Snapshot - Dollar Peaks, Yen Slides
EBC Daily Snapshot - Dollar Peaks, Yen Slides
2024-07-11
On Tuesday, the dollar hit a 10-month high as US bond yields surged to levels not seen since October 2007, and the Japanese yen continued its decline.
Swiss Franc Rebounds After Recent Decline
Swiss Franc Rebounds After Recent Decline
2024-07-11
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.