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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
2024-07-03
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
2024-07-02
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
2024-07-01
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
2024-06-28
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
2024-06-27
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
2024-06-26
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
2024-06-25
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.
Dollar Hits Eight-Week High
Dollar Hits Eight-Week High
2024-06-25
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
2024-06-21
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
2024-06-21
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
2024-06-18
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
2024-06-18
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.
The Dollar Remained Steady on Wednesday.
The Dollar Remained Steady on Wednesday.
2024-06-14
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.