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 […]
Dollar slumps to 9-month low on expectations of dovish Fed pivot By Investing.com
© Reuters. By Ambar Warrick Investing.com– The dollar tumbled to a nine-month low against a basket of currencies on Thursday, even after the Federal Reserve reiterated its commitment to keep hiking interest rates, with markets betting that the ensuing economic headwinds will force the bank into cutting rates as soon as this year. The slumped 1% […]
USD/CHF extends Fed-inflicted losses towards 0.9020 support, central banks, US NFP eyed
USD/CHF prints three-day downtrend as sellers flirt with 18-month low. Fed drowned US Dollar with dovish hike, downbeat US data also favor USD/CHF bears. Monetary policy decision from ECB, BoE could escalate market volatility, making them important to watch. US jobs report eyed as Fed Chair Powell showed readiness to cut the rates. USD/CHF remains […]
Dollar and VIX Slump After Fed Hike, Watch EURUSD and Doubt Trends
FOMC Rate Decision, Nasdaq 100, VIX, US Dollar and EURUSD Talking Points: The Market Perspective: USDJPY Bullish Above 132.00 The FOMC rate decision ended as expected with a 25bp hike to a range of 4.50-4.75 percent, but the reiterated warnings of further hikes ahead didn’t sway the markets A Dollar tumble seems caught up in […]
Dollar Looks to Jumps on Fed Decision!
All eyes are on the Federal Reserve as the next decision awaits. A 25-basis point hike is expected after months of aggressive rate hikes ensued last year. With the EURUSD testing 1.09 again, will we see a full recovery on the pair? Timestamps EURUSD 01:45 USDJPY 03:05 The post Dollar Looks to Jumps on Fed […]
Dollar flat ahead of Fed decision; risk of hawkish push-back seen By Investing.com
© Reuters By Geoffrey Smith Investing.com — The dollar was flat in early trading on Wednesday in Europe, with the markets becalmed ahead of the U.S. Federal Reserve’s policy decision later. By 03:10 ET (08:10 GMT), the , which tracks the greenback against a basket of advanced economy currencies, was at $101.84, down less than […]
USD/JPY refreshes daily low on weaker US ADP report, focus remains on FOMC
USD/JPY turns lower for the second straight day and is pressured by a combination of factors. Bets for smaller Fed rate hikes, sliding US bond yields, weaker US ADP report weigh on the USD. The cautious market mood benefits the safe-haven JPY and contributes to the modest downall. The downside seems cushioned as the focus […]
U.S. dollar slips against euro ahead of Fed rate decision 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 Joice Alves and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The dollar edged lower against the euro on Wednesday ahead of an eagerly-awaited Federal Reserve policy decision with investors hoping the U.S. central bank will signal the […]
USD/JPY Scans 130 Ahead of Fed
USD/JPY ANALYSIS & TALKING POINTS All eyes on U.S. economic data and Fed rate decision. Will the Fed stick to its hawkish rhetoric? Technical analysis suggestive of turnaround in USD/JPY. Recommended by Warren Venketas Get Your Free JPY Forecast JAPANESE YEN FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and […]
Asia FX treads water as Fed meeting looms, dollar inches higher By Investing.com
© Reuters By Ambar Warrick Investing.com– Most Asian currencies moved little on Wednesday in anticipation of a Federal Reserve meeting, while the dollar crept higher as markets positioned for an interest rate hike and a potentially hawkish message from the central bank. The dollar firmed slightly against a basket of currencies, with the and advancing about […]