Dollar Calm on Neutral Powell’s Testimony
The market remained calm as the Fed's chief delivered a neutral statement, the dollar index (DXY) held near the $105 mark, while Wall Street traded sideways.
All Eye on Powell’s Testimony
Jerome Powell’s 2-day testimony at Capitol Hill begins today, and traders will be closely monitoring his statements for insights into the rate cut schedule.
Dollar Weaken on High Unemployment Rate
With earnings growth showing signs of cooling, anticipation mounts for a potential shift in the Federal Reserve's current tightening stance dollar's strength eases
Wall Street Rally Ahead of NFP
Wall Street saw a notable rally with the Nasdaq and S&P 500 reaching all-time highs, while the Dow Jones lagged.
Yen Continues to Slides on Soft Economy Performance
the Japanese yen continued to slide against its peers, market strategists predict that the yen could climb above the 170 mark against the dollar
All Eye on Today’s U.S. PCE
Investors are eagerly anticipating today’s U.S. Personal Consumption Expenditures (PCE) data for further insights into the dollar’s trajectory.
Japanese Yen Trades to New Low in Decades
The Japanese Yen plummeted to its weakest level since 1986 at 160.87 against the greenback, the currency pair has lost more than 12% this year
Gold Edge Higher on Soft Dollar
In the commodity market, gold and oil prices edged higher in the last session mainly due to the easing of the dollar.
Japan Warns for Market Intervention to Protect Yen
Japan's top currency official has heightened concerns by stating that Japanese authorities are prepared to intervene in the currency market around the clock if necessary.
Japanese Yen Hammers by Soft CPI
the Japanese Yen has traded to its weakest level since April. The disappointing Japan National Core Inflation rate has further weakened the Yen
Focus on Today’s BoE Interest Rate Decision
Attention now turns to the Pound Sterling as the Bank of England’s (BoE) interest rate decision is due later today.
Yen Strengthen in Hawkish BoJ Statement
the Japanese yen saw modest gains as the Bank of Japan (BoJ) chief signalled a potential rate hike next month if economic data proves satisfactory.
Soft CPI Hammers Dollar
the U.S. CPI came in lower than market consensus, indicating easing inflation and boosting risk appetite.
Dollar Steadies as the Market Await for FOMC Minutes
The dollar index is poised at its recent high level, while U.S. equity markets eked out marginal gains as the market awaits Wednesday’s crucial CPI reading and the FOMC meeting minutes.
Market Awaits for Crucial NFP
All eyes are on today’s Nonfarm Payroll (NFP) and U.S. unemployment rate data, which could be the final piece of the puzzle for the Federal Reserve's rate cut decision this year.
Dollar Hammers by Soft U.S. Job Data
The dollar tumbled to its lowest level in two months following the disappointing job data, which reinforced bets on a Federal Reserve rate cut.
Soft PMI Reading Hammers Dollar Lower
The U.S. dollar remained on a downward trajectory following the release of yesterday's PMI readings, which fell short of market expectations.
Soft PCE Boost Equity Market
The soft PCE reading last Friday boosted the U.S. equity market, with the expectation of a more dovish Fed monetary policy in the future.
All Eye on Today’s PCE Reading
All attention now turns to the crucial PCE reading, the Fed’s preferred inflation gauge, which is expected to have a direct impact on the dollar.
Dollar Fuels by Strong Treasury Yield
The U.S. 7-year note auction held yesterday saw tepid demand for long-term Treasury yields, resulting in a decline in bond prices and pushing bond yields higher.