Currency pressures persist on Thursday
Currency pressures persist on Thursday
2024-04-18
On Thursday, the dollar weakened while pressures on other currencies persisted. Strong data dampened expectations of Fed rate cuts in June.
Pound rises from fall to rise
Pound rises from fall to rise
2024-04-17
Fed Chair Powell's comments on Wednesday drove a modest dollar gain, citing limited progress on inflation goals. Traders predict a 40-bps cut by 2024.
The dollar rose to a five-month high on Tuesday
The dollar rose to a five-month high on Tuesday
2024-04-16
The dollar hit a 5-month high on Tuesday as US retail sales surged 0.7% in March, beating economists' 0.4% forecast.
Euro hits biggest drop since September 2022
Euro hits biggest drop since September 2022
2024-04-15
Monday saw the dollar stabilize, marking its largest weekly surge since 2022, buoyed by rising Middle East tensions and looming high interest rates.
The euro's recent performance has been sluggish
The euro's recent performance has been sluggish
2024-04-12
The dollar rose moderately on Friday as weaker-than-expected March US PPI did not relieve concerns that the Fed will delay loosening this year.
Yen near post-1990 lows
Yen near post-1990 lows
2024-04-11
Thursday saw the dollar stay strong as inflation data dashed hopes for a Q2 rate cut. The yen neared its lowest since the '90s.
The US dollar consolidated on Wednesday
The US dollar consolidated on Wednesday
2024-04-10
US dollar stabilized pre-key inflation report; Canadian dollar strengthened amid renewed Middle East uncertainties, halting oil price declines.
The dollar was tentative on Tuesday
The dollar was tentative on Tuesday
2024-04-09
Tuesday: The dollar is hesitant; investors digest US payroll. Yen near 34-year lows; market wary of Japanese intervention.
The dollar was firm in Asian trading on Monday
The dollar was firm in Asian trading on Monday
2024-04-08
USD steady Monday, watching inflation and US bond yields. The Fed may cut 50% in June. AUD up on commodities; iron ore futures rise on China demand.
The dollar traded below recent peaks on Thursday
The dollar traded below recent peaks on Thursday
2024-04-04
Thursday saw the dollar below peaks while awaiting a US jobs report for rate clues. The Swiss franc fell on easing inflation.
The dollar held near an over four-month peak
The dollar held near an over four-month peak
2024-04-03
The dollar hovered near a four-month high Wed. Traders anticipate Fed rate cuts of around 70 bps this year, with easing likely beginning in July.
The dollar hovered near its peak in four months
The dollar hovered near its peak in four months
2024-04-02
The dollar nears a 4.5-month high as traders ease bets on a Fed rate cut. CME's FedWatch tool sees a 61.3% chance of a June pivot.
The dollar was broadly steady on Monday
The dollar was broadly steady on Monday
2024-04-01
USD weak on Monday due to US inflation cooling, raising June rate cut expectations; CHF near 4-mo low on the Swiss rate cut may align with EUR.
The dollar tread water on Friday
The dollar tread water on Friday
2024-03-29
2023.3.29 USD flat, Q1 up vs. majors. Yen below 152 prompts a Japan emergency meeting.  FM blames speculation and prepares an intervention.
The dollar consolidated on Thursday
The dollar consolidated on Thursday
2024-03-28
Fed governor Chris Waller's reassurance about interest rates, despite early-year inflation, steadied the dollar on Thursday.