Dollar

10 May 2024
Dollar pressured by soft jobs data and Fed rate cut speculation

Key points The U.S. dollar declined against major currencies following softer jobs data, hinting at potential Federal Reserve rate cuts. Recent interventions in currency markets, particularly concerning the Japanese yen, and upcoming economic indicators could influence short-term trading strategies. The …

2 May 2024
Yen Sees Unexpected Volatility From Possible Intervention

2nd May 2024 The yen experienced volatility in early trading on Thursday, surrendering gains after a sharp overnight surge against the dollar, which traders and analysts have attributed to possible intervention by Japanese authorities. SEE: Sharp dip followed by a …

29 April 2024
Japanese Yen Surges; Is it BoJ Intervention?

In a dramatic turn of events in Asian markets on Monday, the Japanese yen recorded a surge against the dollar, appreciating by 5 yen, with traders attributing this sharp recovery to heavy dollar-selling by Japanese banks. This intervention seemed to …

29 April 2024
Rupee Under Pressure From Delayed US Rate Cuts

The Indian rupee closed lower against the U.S. dollar on Monday, settling at 83.41, down from its previous session’s close of 83.34. SEE: USD makes significant gains against INR on VT Markets trading app. Factors such as increased dollar purchases by …

29 April 2024
Week Ahead: China Manufacturing Due for Review, More US PMI Data

Last week, global financial markets saw a variety of movements, with US equity markets climbing thanks to strong earnings from tech giants like Tesla, Microsoft, and Alphabet. These gains helped offset concerns from the US’s lower-than-expected GDP growth for the …

25 April 2024
MARKETS TODAY: Yen Shift, Meta Stock Performance

The USD/JPY pair has surpassed the 155.00 mark, a level highlighted by ex-Deputy Finance Minister Michio Watanabe as pivotal. SEE: USD/JPY breaks the 155.00 level on the VT Markets trading app This move comes as the market anticipates key economic data …

24 April 2024
MARKETS TODAY: US Dollar, Treasury Yields, and Tesla’s Shift

ICYMI – Market outlook for 24 April 2024 As we navigate through the final week of April, key economic indicators poised to test the resilience of the US dollar are on the horizon, with Q1 GDP figures and Core PCE …

24 April 2024
Dollar Steadies Around Currency Movement and Economic Data

The dollar index, which tracks the U.S. currency against a basket of six major peers including the euro, sterling, and yen, held steady at 105.64 in early Asian trading, following a decrease of 0.4% overnight. This movement came after the …

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