Dollar Hits Eight-Week High
Dollar Hits Eight-Week High
2024-06-21
The dollar rose to an eight-week high above 159 yen on Friday as the Fed's patient rate-cut stance contrasted with more dovish global positions.
Thursday's Dollar Strengthens Slightly
Thursday's Dollar Strengthens Slightly
2024-06-20
The dollar rose as Fed Governor Adriana Kugler sees policy as "sufficiently restrictive" to control inflation without major job market harm.
Wednesday's Retail Sales Data Hits Dollar
Wednesday's Retail Sales Data Hits Dollar
2024-06-19
The dollar rose on weak retail sales data, hinting at Fed rate cuts; sterling climbed as UK inflation hit 2% for the first time in nearly 3 years.
The Yen Remained Near the 158 Low on Tuesday
The Yen Remained Near the 158 Low on Tuesday
2024-06-18
The dollar rose Tuesday as Philadelphia Fed President Harker predicted one rate cut this year but may adjust based on future data.
The Euro Hovers Near Lows on Monday
The Euro Hovers Near Lows on Monday
2024-06-17
The dollar stayed firm Monday as investors awaited US economic signals. The euro hovered near a one-month low amid Europe's political turmoil.
The Yen Fell to An Over One-Month Low on Friday
The Yen Fell to An Over One-Month Low on Friday
2024-06-14
The yen hit a 1-month low Friday as the BOJ held rates and announced future bond buying cuts, contrary to market expectations for this month.
Major currencies rose against the dollar on Thursday
Major currencies rose against the dollar on Thursday
2024-06-13
Major currencies held gains as a weaker dollar followed softer-than-expected US inflation. Markets still expect two 25 bps cuts this year.
The Dollar Remained Steady on Wednesday.
The Dollar Remained Steady on Wednesday.
2024-06-12
The dollar steadied on Wednesday after a four-week high. Markets see a 56% chance of a September rate cut, per the CME FedWatch tool.
Dollar Strengthens Against Euro and Yen on Tuesday
Dollar Strengthens Against Euro and Yen on Tuesday
2024-06-11
The dollar surged on Tuesday, hitting a one-month high against the euro and a one-week peak versus the yen, buoyed by strong job data from last week.
Dollar Stays Near Eight-Week Low
Dollar Stays Near Eight-Week Low
2024-06-07
The dollar hovered near an 8-week low Friday, awaiting a key US jobs report for Fed policy clues. Markets expect a 50 bps cut by year-end.
Fed Expectations Rise on Thursday
Fed Expectations Rise on Thursday
2024-06-06
On Thursday, the dollar weakened as markets bet on a Fed easing cycle this year. Nearly 50 bps rate cuts are anticipated, starting in September.
Major Safe-Haven Currencies Slipped on Wednesday
Major Safe-Haven Currencies Slipped on Wednesday
2024-06-05
The dollar strengthened before central bank meetings, according to economic data. Safe havens weakened as investors chased higher yields.
USD/EUR/GBP near 3-month low
USD/EUR/GBP near 3-month low
2024-06-04
The dollar hit a low against the euro and sterling on Tuesday as softening US economy signals raised chances of earlier Fed rate cuts.
The Australian Dollar was Boosted on Monday
The Australian Dollar was Boosted on Monday
2024-06-03
The dollar is steady as traders bet on stable US inflation for a potential Fed rate cut; the Aussie trims gains from Asian factory growth.
Yen Hits 4-Week Low in Friday Trading
Yen Hits 4-Week Low in Friday Trading
2024-05-31
The dollar steadied Friday after a Q1 US GDP revision hinted at Fed rate cuts. The yen stayed above its four-week low on stable price growth.