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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.
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.