The Dow Jones Industrial Average (DJIA) wobbled on Friday, testing fresh weekly highs on consumer sentiment and inflation expectations data. However, the Dow backslid after earnings misses in key overweight companies dragged the index sharply lower to round out the trading week.
The US Dollar (USD) is losing steam on Friday, pulling back from three-week highs as momentum cools. Still, the Greenback remains supported by robust US economic data released this week, which has reduced the likelihood of immediate interest rate cuts by the Federal Reserve (Fed).
Positive US Dollar (USD) sentiment seen so far in July (which largely reflects short-covering demand after the USD’s rapid slide in the first half of the year) may be stalling out, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
The trade-weighted US Dollar (USD) has been up 1.6% since the beginning of the month. Against the Euro (EUR), it is slightly less, but yesterday it did manage to temporarily reach 1.15 again.
Dow Jones futures trade marginally higher during the European trading session, extend its winning streak for the third trading day on Friday. United States (US) equities are buoyed by strong second-quarter earnings show from the streaming platform company Netflix.
US Dollar (USD) was a touch softer this morning on comments from Fed’s Waller. DXY was last at 98.37 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The dollar index is on track for a second consecutive week of gains, having rallied over 2% since the 1 July low of 96.50.
The US Dollar is trading with a moderate negative tone on Friday. The risk-on mood triggered by the upbeat US corporate earnings seen on Thursday has extended to Friday’s European session, boosting demand for equities and pulling US yields and the USD lower.
The Dow Jones Industrial Average (DJIA) extended a mid-week rebound on Thursday, tipping back into positive territory for the week as investors continue to brush off inflationary fears, tariff threats, and growing concerns that the Federal Reserve (Fed) could be poised to lose its political autonomy
The US Dollar (USD) gains positive traction on Thursday, recovering from a brief wobble late Wednesday after reports emerged that US President Donald Trump was considering firing Federal Reserve (Fed) Chair Jerome Powell.
The US Dollar (USD) and Treasurys have settled down after yesterday’s abrupt swings, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Things got really exciting again yesterday afternoon. First, a major US media outlet reported that Donald Trump had told Republican lawmakers that he was going to fire Federal Reserve Chairman Jerome Powell.
Dow Jones futures trade quietly during the European trading session on Thursday. Financial market participants have sidelined, with investors await fresh cues on trade talks between the United States (US) and the European Union (EU).
What are the market implications of a potential early departure of Fed Chair Powell? It's an unlikely scenario, but for an hour Wednesday afternoon it appeared very real.
US Dollar (USD) had its choppy momentum overnight following reports that President Trump had considered dismissing Fed Chair Powell – though these claims were later denied by the man himself. DXY was last at 98.68 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The US Dollar is outperforming its main rivals on Thursday, supported by risk-averse markets amid growing anxiety about trade tariffs and the ongoing pressures on Fed Chairman Powell, which have boosted speculation about his resignation.
The Dow Jones Industrial Average (DJIA) rose early Wednesday after United States (US) Producer Price Index (PPI) inflation remained on the cooler side, bolstering market confidence in a Federal Reserve (Fed) rate cut sooner rather than later.
The US Dollar is consolidating on Wednesday, pulling back slightly after surging to a near three-week high on Tuesday following the release of US inflation data.
After gaining steadily since the start of the month, the USD’s rebound may be showing clearer signs of at least stalling this morning.
The US Dollar (USD) had the best day in a month yesterday, hitting a three-week high after the US CPI release.
US Dollar (USD) extended its bullish run higher, with JPY, EUR, CHF and PHP the main underperformers. DXY was last at 98.55 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Dow Jones Futures fall ahead of the US market opening on Wednesday, trading around 44,135, down by 0.25%, during the European hours. Meanwhile, S&P 500 Futures are down by 0.08% to 6,260, and Nasdaq 100 Futures depreciate 0.36% to trade near 22,970.
The US Dollar is pulling back from the three-week high of 98.25, reached on Tuesday, following the release of hot US Consumer Price Index figures.
The Dow Jones Industrial Average (DJIA) fumbled on Tuesday, losing enough ground to knock the megacap index back below the previous week’s close, but still holding onto near-term consolidation levels.
The US Dollar (USD) is trading on a slightly softer footing on Tuesday as investors brace for the closely watched US Consumer Price Index (CPI) release. With market participants repositioning ahead of key inflation data, the Greenback is struggling to hold onto its previous day's gains.
The US Dollar (USD) started trading Monday on a soft note but the Dollar Index (DXY) ended up a little firmer on the day overall, extending its run higher for a tenth consecutive session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Dow Jones futures trade quietly during the European trading session on Tuesday as investors await quarterly results from a number of United States (US) commercial banks and the Consumer Price Index (CPI) data for June, which will be published at 12:30 GMT.
Responding to US President Donald Trump’s tariff threat, the Kremlin said on Tuesday, “Trump's statement is serious, we need time to analyse it.”
US Dollar (USD) traded mixed with strength seen vs. most Asian FX including THB, IDR, PHP while USD was modestly softer vs. CHF, EUR and precious metals. DXY was last at 98 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
FX markets have had a quiet start to the week. The risks of new Russian sanctions highlighted here yesterday were actually less harsh than expected in that they gave Russia 50 days to reach a deal (ceasefire with Ukraine). Energy prices ended a little lower, ING's FX analyst Chris Turner notes.