USD The US dollar came tumbling down for a fourth consecutive day on Friday on the back of economic data prints that advocates for an easing of interest rate hikes. Non-Farm Payrolls increased by 311K in February. Despite surpassing market expectation of 205K by 106K, it declined [...]
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USD The dollar came off in yesterday’s session weighed by a climbing weekly Jobless Claims print of 211K from an expected 195K, cooling bets of an increased pace of rate hikes from the Fed. After weakening to its day’s low of $105.153, the unit managed to claw [...]
USD The US dollar extended its reach further in its earlier activities yesterday, finding support from additional monetary tightening sentiments at the conclusion of the Fed’s chair 2-day meeting. The dollar slightly gave up some of its gains in the latter parts of the session as investor’s [...]
USD The dollar index rallied against its rivals in yesterday’s session and climbed to its intra-session high of 105.654 as risk aversion swept through the market, post the Fed’s chair hawkish comments of larger sized interest rate hikes, which reaffirmed the central bank’s commitment to rein-in surging [...]
USD A disappointing start to the week for the dollar as it failed to rebound from its downward trajectory, while market participants sit on the fence and await any changes in tone from the Fed’s chair Jerome Powell’s upcoming gathering in the next 2 days. The dollar [...]
USD After posting impressive gains throughout the week, the dollar index made a U-turn and edged into negative territory and weakened towards the 104.485 mark in Friday’s session. Despite further hawkish signals from the Fed on the day, and upbeat US economic data prints, the increased flows [...]
USD The dollar index overturned its losses from its previous session as it rallied on the back of broader weakness of its rival currencies and an uptick in Treasury Yields. Lifting the dollar higher was the US weekly Jobless Claims data which declined to 190K vs a [...]
USD The dollar index traded under pressure as it kicked off the month of March, falling from a high of 105.094 intraday as hotter than expected macroeconomic data out of China evidenced a robust recovery in its economy, sparking risk-on appetite. The dollar posted further losses as [...]
USD The US dollar traded sideways on Tuesday but managed a rebound on the day, closing out the month in positive territory as the Fed is expected to hike interest rates after the US Consumer Confidence slipped to 102.9 from January’s 106, missing the market consensus estimate [...]
USD The US dollar registered another session of losses as dollar demand remained subdued on the back of increased risk appetite, which saw market participants steer away from the haven. The dollar index drifted away from its intraday high of 98.430, further weighed by US economic data [...]