Tag Archives: Dollar
Gold prices retrace as US dollar and treasury yields rise ahead of key inflation data
Key points: This article is a follow up from: Gold rises ahead of key US data inflation data Gold (Symbol: XAUUSD) declined for the second consecutive session on Thursday, pressured by a stronger US dollar (USD) and rising Treasury yields ahead of key US inflation data. Spot gold retraced to the $2,330.44 per ounce priceContinue Reading
Bank of Japan (BOJ) open to act on excessive Japanese yen decline
Key Points: On Wednesday, Bank of Japan (BOJ) board member Seiji Adachi indicated that the central bank may take monetary policy action if excessive depreciation of the Japanese yen (JPY) persists and significantly impacts inflation expectations. Adachi emphasized the importance of adjusting the degree of monetary support in response to ongoing economic, price and financialContinue Reading
Dollar shows uncertainty despite strong data
Key points: The dollar showed little direction on Wednesday, despite the rise in the U.S. Conference Board’s consumer confidence survey for May. This prevented further weakness in the dollar but left the DXY dollar index trading flat just above 104.50. The EUR/USD pair failed to push above 1.09, and GBP/USD could not sustain a rallyContinue Reading
US dollar edges lower against Singapore dollar ahead of economic data release
Key points: During the Asian trading session, the USDSGD pair edged lower, slipping 0.1% to 1.3472. This movement is likely a result of position adjustments by traders ahead of the release of key US economic data later today. The market is particularly focused on the US consumer confidence report by the Conference Board for May. Continue Reading
Aussie rises as investors await inflation data
Key points: The Australian dollar (AUD) climbed past $0.665 on Monday, marking its third consecutive session of gains. Market participants are bracing for upcoming domestic inflation figures, which could significantly influence the interest rate outlook. The appreciation of AUD is also supported by a broad pullback in the US dollar (USD) and strong carry demandContinue Reading
Dollar strengthens ahead of news on global inflation
Key points: The dollar started the week on a firm note as traders awaited crucial inflation data from the U.S., Europe, and Japan. This data is expected to provide clarity on the future of global interest rates. In recent months, the search for yield has dominated foreign exchange markets, with low-interest currencies under pressure whileContinue Reading
Dollar rises as traders scale back US rate cut expectations
Key points: The dollar surged this week, marking its largest weekly rise in over a month. Surprisingly strong U.S. economic data has left markets on edge about the outlook for U.S. inflation and interest rates. In May, U.S. business activity accelerated to its highest level in just over two years. Manufacturers reported surging input prices,Continue Reading
US Fed officials tentative on interest rate adjustments with concerns on inflation
Key Points: The US dollar index gained strength following hawkish comments in the minutes from the last FOMC meeting on Wednesday. The minutes revealed that Fed officials are open to raising interest rates again if inflation does not cool off further. Picture: The US Dollar Index showing some strength, as observed on the VT MarketsContinue Reading
Australia, NZ Dollars decline as markets assess rate outlooks
Key points: The Australian and New Zealand dollars faltered on Tuesday as the momentum from last week’s rally dissipated. The market is closely watching the outlook for steady interest rates in both countries. The Australian dollar slipped 0.2% to $0.6654, unable to reclaim its recent four-month high of $0.6714. Key support levels are found underContinue Reading
Market implications from the US dollar decline; stock markets await earnings report
Key Points: The U.S. Dollar Index (DXY) experienced a sharp drop due to softer-than-expected consumer price index (CPI) figures. The CPI data had rekindled hopes that the disinflationary trend, which had recently stalled, is now back on track. SEE: The DXY (symbol: USDX.) seeing a significant dip on the VT Markets trading app A dropContinue Reading
