Asia FX weakens, dollar rebounds as nonfarm payrolls loom By Investing.com
© Reuters By Ambar Warrick Investing.com — Most Asian currencies weakened on Friday, while the dollar rebounded in anticipation of more cues on the U.S. economy from nonfarm payrolls data, while markets dialed back bets on an imminent pause in the Federal Reserve’s rate hike cycle. The fell 0.2% even as a private survey showed […]
Dow Conspicuously Lags S&P 500 and Nasdaq, Dollar Rebounds Ahead of NFPs
Nasdaq 100, Dollar, EURUSD, NFPs and Recession Talking Points: The Market Perspective: USDJPY Bullish Above 132.00; EURUSD Bearish Below 108 Spurred on by the dovish interpretation of the Fed and Meta earnings the previous day, the Nasdaq 100 and S&P 500 charged Thursday…while the Dow closed lower A strong Dollar with EURUSD reversal defied fundamental […]
US Dollar Rose as Upbeat Jobless Claims Enticed Traders Before Non-Farm Payrolls
US Dollar, Jobless Claims, Apple & Amazon Earnings – Asia Pacific Market Open: US Dollar pivots on Thursday after disappointing Wednesday Upbeat jobless claims data underscored data-dependent Fed Soft Apple & Amazon earnings may benefit DXY before NFPs Recommended by Daniel Dubrovsky Get Your Free USD Forecast Asia-Pacific Market Briefing – US Dollar Gains on […]
USD/CAD pares Wednesday’s losses and climbed back above 1.3300 on a buoyant US Dollar
The rate hike by the US Federal Reserve tumbled the USD/CAD to new YTD lows. Falling oil prices and solid US labor market data underpinned the USD/CAD. USD/CAD traders are eyeing Friday’s US Nonfarm Payrolls data alongside ISM Non-Manufacturing PMIs. USD/CAD is recovering some ground after posting minimal losses Wednesday, which sent the pair into […]
Dollar Rebounds after Fed, ECB Meeting but the Rally may Prove Fleeting
The Fed hiked the interest rate by 25 basis points yesterday and hinted that there will be another hike, after which it will likely be done with tightening. Despite worries about inflation, Powell said at the press conference that the committee believes it is necessary to slow down the pace of monetary tightening. Market indicators […]
Dollar at nine-month low after Fed guidance brings pivot into sight By Investing.com
© Reuters By Geoffrey Smith Investing.com — The dollar was at its lowest level in over nine months in early European trading on Thursday, after the Federal Reserve’s latest interest rate decisions and guidance brought the end of the current policy tightening cycle into view. Fed Chair Jerome Powell told his press conference that “the […]
The Fed’s Dovish Nudge Sends the US Dollar Tumbling
US Dollar (DXY) Price and Chart Analysis US Treasury yields slump post-FOMC meeting. Friday’s NFPs are the next obstacle for the bulls to negotiate. Recommended by Nick Cawley Introduction to Forex News Trading Most Read: US Dollar Latest: Weak Rebound Off the Multi-Month Low, Slowdown Fears Grow The chairman of the Federal Reserve, Jerome Powell, […]
Dollar tumbles as Fed says disinflation in play By Reuters
© Reuters. FILE PHOTO: Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar slid on Thursday after the U.S. Federal Reserve said it had turned a corner in the fight against inflation, giving markets a boost in confidence that the end […]
Asia FX rallies, dollar tumbles as markets bet on Fed pivot By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies rose sharply on Thursday, while the dollar sank to a nine-month low even after the Federal Reserve hiked interest rates, with markets betting that a U.S. economic slowdown will force the bank into reversing its hawkish stance this year. The rose 0.4% and came close to a […]
US Dollar Slammed Post FOMC as Markets Test Fed Resolve. Where to for USD?
The US Dollar slide has continued after the New York close post the Fed hiking rates and Powell putting a dovish tilt in the mindset of the market. How low will USD go? US Dollar, DXY Index, USD, Fed, FOMC, Powell, Disinflation – Talking Points The US Dollar has been vanquished by the markets slant […]