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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.
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.