Tag: US Dollar

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 […]

February 14, 2023

The Euro may remain vulnerable to the US Dollar from a technical standpoint. That is because last week, EUR/USD continued to make downside progress after clearing under a Bearish Rising Wedge chart formation. Immediate support is the 23.6% Fibonacci retracement […]

February 6, 2023

The US Dollar continues to fight back after a blistering jobs report on Friday showed that the Fed might have more heavy lifting ahead to rein in inflationary pressures. The ramifications of the massive beat of US total nonfarm payrolls […]

January 30, 2023

The US Dollar continues to tread water to start the week ahead of the Federal Open Market Committee (FOMC) meeting on Wednesday. The market is anticipating a 25 basis point (bp) lift in the target rate. Friday’s PCE inflation data […]

January 25, 2023

Gold traded above US$ 1,942 overnight and continues to trade just below that level today as markets fret over the health of the US economy. Disappointing PMI data appeared to lead to market perceptions that the Fed night is not […]

January 19, 2023

US Dollar bears have continued to punch and yesterday brought another fresh seven-month low into the mix after the release of PPI data earlier in the session. US data continues to slowdown, and this brings questions around the Fed’s rate […]

January 3, 2023

The Australian Dollar slipped on the first trading day of the year on Monday with most market participants yet to return from their New Year holiday. Weaker than anticipated official Chinese PMI numbers published over the weekend may have contributed […]

January 3, 2023

The Japanese Yen has continued to strengthen today with USD/JPY dipping below 130 for the first time since June last year. The Bank of Japan’s pivot on policy in December has led to speculation of further potential tightening in 2023. […]

December 22, 2022

The US Dollar is lower through the Asian session after making some gains overnight. USD/JPY is eyeing off the 4-month low of 130.57 seen on Tuesday after the Bank of Japan modified its yield curve control (YCC) program. EUR/USD is […]

December 20, 2022

The BoJ today left its policy rate unchanged at -0.1% but changed the rates at which the central bank can buy Japanese Government debt (JGBs). The prior band of -0.25% to +0.25% around zero was widened to -0.50% to +0.50%, […]

November 8, 2022

The Euro has held onto gains against the US Dollar made since last Friday after favourable data yesterday and ahead of today’s mid-term elections. Swiss jobs data and German industrial production figures helped to underpin EUR/USD into the New York […]

August 22, 2022

The US Dollar Index (DXY) is nearing the July high at 10929, an important high as the bull cycle looks set to continue. We may not see the dollar break out and run without a set-back, but as we head […]

August 19, 2022

According to the latest GfK UK consumer confidence release, ‘soaring food and fuel prices and rising interest rates continue to darken the mood of the nation’. Today’s release – UK consumer confidence for July was unchanged at -41 – means […]

August 18, 2022

German energy giant Uniper posted a staggering EUR12 billion loss for H1 2022 on Wednesday as the energy crisis in Europe’s largest member state continues. The company was given a EUR15 billion bailout in July – for 30% of the […]

August 9, 2022

The US Dollar continues to consolidate ahead of tomorrow’s CPI report. Last week saw a bounce in the US Dollar from a key spot of support, and that was pushed-along by a series of comments from Fed-speakers, all of which […]

August 8, 2022

WTI crude oil made a small recovery in Asia today after hitting a 6-month low of US$ 87.01 on Friday as the US Dollar found support across the board. Data from energy technology company Baker Hughes showed a small drop […]

August 1, 2022

The US Dollar continues to falter as yields edge lower, while an extension of the current short-covering in the Japanese Yen also weighs on the greenback. Over the weekend, the Fed’s Kashkari pushed back on the notion that the central […]

July 8, 2022

Gold prices are on course for the worst week in about 2 months, with the yellow metal down about 3.7% before the weekend nears. A key driver of gold’s descent this week has been a stronger US Dollar. The greenback’s […]

April 28, 2022

The US Dollar has been unstoppable of late and today marks the currency hitting a fresh 19-year-high. As looked at in the Q2 forecast, the US Dollar was already really strong coming into the quarter. There was a tease of […]