Tag: US Dollar

April 18, 2024

The US dollar, as measured by the DXY index, retreated from multi-month highs on Wednesday, dragged lower by a pullback in Treasury yields. Despite this retracement, the DXY remains biased to the upside, especially after top Fed officials signaled that […]

February 5, 2024

The U.S. dollar, as measured by the DXY index, extended its gains and was sharply higher on Monday, bolstered by surging U.S. Treasury yields in the wake of strong economic numbers and hawkish Federal Reserve rhetoric in recent trading sessions. […]

January 18, 2024

The US dollar has staged a solid rebound recently as traders have scaled back bets on how much the Fed will slash borrowing costs in 2024. A couple of weeks ago, markets were largely convinced that the U.S. central bank […]

January 2, 2024

The US dollar, as measured by the DXY index, started the new year on the front foot, rising for the third consecutive session, supported by a rebound in U.S. Treasury yields, with the 10-year note up 7 bp to 3.93%. […]

December 26, 2023

The U.S. dollar, as measured by the DXY index, retreated on Tuesday and flirted with its lowest levels since late July near 101.55 in a trading session characterized by thin liquidity, with many financial centers still closed for the Christmas […]

December 12, 2023

The U.S. dollar could face increased volatility in the coming days, courtesy of several high-impact releases on the economic calendar, although the most important risk event for financial markets will likely be the FOMC decision, particularly with the November Consumer […]

December 5, 2023

Gold has hit a new all-time high, thanks to a weakening US dollar and expectations that interest rates will be cut next year. The yellow metal reached a record high on 4 December) at the start of Asian trading, touching […]

November 29, 2023

While USD/JPY has been on a major bullish run since the beginning of the year, it has trended lower in recent days following several unsuccessful attempts at clearing overhead resistance in the 152.00 region. After the latest pullback, which has […]

October 31, 2023

The Australian dollar is trading lower against the US dollar this morning after Chinese PMI’s disappointed (see economic calendar below). This slowdown in activity led to most soft commodities, precious and base metals to fall thus weighing negatively on the […]

September 8, 2023

Gold continues to reflect a considerable negative correlation with USD and US treasury bond yields in a week that may pose little challenge to the greenback’s recent gains. A hotter services PMI print alluded to the continuing momentum of the […]

July 14, 2023

IG client sentiment data shows 45.50% of traders are net-long AUD/USD, with the ratio of short to long sitting at 1.20 to 1. The number of traders who are net-long is 21.36% below yesterday’s levels and 39.21% lower from last […]

July 11, 2023

Argentina’s push to cut its reliance on the US dollar for trade and debt payments is facing headwinds from the deepening plunge of its own currency, the peso. The US currency rocketed 4,800% against its Argentine counterpart over the decade […]

April 26, 2023

The anti-risk US Dollar and Japanese Yen outperformed their major counterparts on Tuesday amid a spike in financial market volatility as investors turned risk-averse and sought shelter. On Wall Street, the Dow Jones, S&P 500 and Nasdaq Composite sank -1%, […]

April 19, 2023

I’ve said it before and I’ll say it again – the US dollar is the most important price in the world. The dollar is the global reserve currency, the international money of default. Global commerce thinks in dollars. It’s the […]

April 14, 2023

The dollar’s recent slide is good news for global markets as it signals that investors may be starting to shed safe havens, according to DataTrek. And the greenback — as measured by the Nominal Broad US Dollar Index — is […]

April 5, 2023

Gold jumped to a 13-month high overnight after the US Dollar sunk along with Treasury yields. The benchmark 2-year note touched 3.82%. The yellow metal peaked above USD 2,025 today while industrial metals such as copper and iron ore continued […]

April 3, 2023

The gold price is under pressure to start the week against a US Dollar that is stronger across the board. Higher Treasury yields all along the curve underpinned the greenback but it is the crude oil price that has gone […]

March 30, 2023

The Japanese Yen slid lower overnight with the US Dollar gaining against most currencies, but it was more pronounced against the Yen. USD/JPY made a high of 132.89 going into the New York close, which was just shy of last […]

March 8, 2023

The US dollar looks set to gain further against some of its peers on relative outperformance of the US economy and monetary policy edge. In his semi-annual testimony to lawmakers, US Federal Reserve Chair Jerome Powell stepped up hawkishness, saying […]

February 20, 2023

The US Dollar has started the week slightly firmer as the markets contemplate a Federal Reserve turning more hawkish at their Federal Open Market Committee (FOMC) meeting in late March. The possibility got legs after Cleveland Fed President Loretta Mester […]