Tag Archives: Dollar

Key points: The Indonesian Rupiah marked a new four-year low on Monday, declining as much as 0.6% to 16,293.00 against the U.S. dollar, reflecting broader weaknesses among emerging Asian currencies. This downturn follows robust U.S. job data and precedes several upcoming central bank policy meetings. Picture: Indonesian Rupiah trading at 16,300 as seen on theContinue Reading

Key points: The Euro experienced a decline, reaching a one-month low, as French President Emmanuel Macron announced a snap legislative election, stirring political uncertainties. Concurrently, the dollar gained strength, buoyed by an unexpectedly strong U.S. jobs report last Friday, which tempered expectations for imminent rate cuts. Picture: The downside prevails for EUR/USD pairs. Download theContinue Reading

Key points: The dollar hovered close to an eight-week low on Friday, with market participants keenly awaiting the U.S. jobs report. This report is expected to provide important clues on the timing of potential Federal Reserve interest rate cuts. The euro retained its overnight gains after the European Central Bank (ECB) reduced rates in aContinue Reading

Key points: The latest Institute for Supply Management (ISM) services report revealed a surge in US business activity, surpassing market expectations. This positive data is reflective of an increase in business activity and new orders growth, suggesting a thriving service sector. However, the report also pointed out ongoing challenges, including slower supplier deliveries and continuedContinue Reading

Key points: The US dollar is experiencing downward pressure as recent economic data reveals a series of setbacks. The GDPNow forecast, which provides an early estimate of the US GDP, indicates an observable downturn in Q2 growth. This shift is compounded by April’s CPI and PCE data, which supports a disinflation narrative, suggesting that inflationContinue Reading

Key points:  The USD/SGD pair is consolidating during the Asian session, holding steady at 1.3462 as traders await crucial US economic data. The focus tonight is on the ISM services PMI report, which is particularly noteworthy as the services sector has been a key driver of the US economy. The report will provide critical cluesContinue Reading

Key points: The U.S. economy’s recently robust performance may be starting to wane, as indicated by the latest Job Openings and Labor Turnover Survey (JOLTS). The data revealed that job openings fell to the lowest level in more than three years in April, indicating a softening in the labor market. This unexpected drop in jobContinue Reading

Key points: The European Central Bank (ECB) is set to cut interest rates by 25 basis points on Thursday. This decision has been highly anticipated by market participants who are now focusing on the potential timing for the next cut, which is predicted to occur either on September 12th or more likely on October 17th.Continue Reading

Key points: The dollar remained stable on Monday as traders speculate that U.S. inflation may have stabilised enough for the Federal Reserve to consider rate cuts later in 2024. Meanwhile, the euro held firm ahead of an anticipated rate cut by the European Central Bank (ECB) this week. Emerging markets continue to see rise AmongContinue Reading

Key points: On Friday, the dollar was recovering after a challenging session against other major currencies. This reaction followed a downward revision to U.S. GDP for the first quarter, suggesting potential for rate cuts later this year. Investors are now turning their attention to upcoming inflation data for further clues on monetary policy. Recent dataContinue Reading