The Dollar Index (DXY) rose 0.7% to a high of 106.92 on geopolitical risks before better tech earnings fuelled a late US stock market rally and lowered the DXY to 106.65 overnight, DBS’ Senior FX Strategist Philip Wee notes.
The DXY dollar index is holding gains and it is not hard to see why.
The US Dollar Index (DXY) trades with mild losses around 106.50 during the early European session on Thursday.
The Dow Jones Industrial Average (DJIA) tested familiar lows on Wednesday, churning chart paper just north of the 43,000 handle.
The US Dollar regained balance and rose to weekly highs on the back of the resurgence of the Trump-infused impulse, all prior to key data releases in the second half of the week as well as comments from Fed’s rate setters..
The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, has traded with solid gains, rising to 106.70.
Steadier sentiment across risk assets prevails this morning, allowing gains in global stocks and a broader rebound in the US Dollar (USD) after a few days of mild losses, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The US Dollar (USD) recovers on Wednesday, with the DXY Index trading around 106.5, as market sentiment turns risk-on ahead of the Nvidia earnings release after the US closing bell.
In the end, EUR/USD was virtually unchanged. At one point, the euro was down 0.7% against the USD.
Global markets have been shaken by a sudden escalation in the Russia-Ukraine conflict after Ukraine used US-supplied long-range missiles for a strike in Russian territory and Moscow lowered the threshold for response using nuclear weapons.
The Dow Jones Industrial Average (DJIA) took a knee early Tuesday, backsliding to 42,850 during the early US market session after Russia lowered its threshold for nuclear weapon use after Ukraine deployed US-provided weapons within Russia’s borders.
The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, trades with mild gains around 106.20 on Tuesday, lifted by a combination of factors.
The US Dollar (USD) drifted a little lower in quiet trade to start the week yesterday but scope for significant USD losses is limited currently, not least because the rise in US term rates remains hugely USD-supportive, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The US Dollar (USD) is entering a choppy trading pattern on the back of headlines around Russian President Vladimir Putin having signed a decree that allows the use of nuclear weapons against a non-nuclear state if it is supported by nuclear powers.
FX markets are seeing some well-deserved consolidation after a volatile few weeks.
The US Dollar (USD) eased overnight in line with our earlier caution for risks of technical pullback.
The Dow Jones Industrial Average (DJIA) held steady on Monday, testing into new weekly lows but overall keeping a tight grip on the 43,450 region.
The US Dollar (USD) is consolidating in quieter trade at the start of the week.
The US Dollar (USD) consolidates on Monday after a very calm start of the week in the Asian session, with the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, slightly in the red near a fresh year-to-date high reached last Thursday above 106.50.
The Dollar Index (DXY) rebounded by 5.9% to 106.7 in the past 1.5 months, following its 4.8% decline to 100.8 in 3Q24, DBS’ Senior FX Strategist Philip Wee notes.
Towards the end of last week, the USD rally seemed to have run out of steam.
Data from CFTC on speculative positioning show net US Dollar (USD) longs versus the rest of G10 rising to the highest since July until last Tuesday.
The US Dollar (USD) bulls show signs of fatigue even as better US data last Fri did not fuel further USD upticks.
The Dow Jones Industrial Average (DJIA) trimmed it’s recent bull run, declining over 350 points and giving back roughly 0.85% as investors grapple with an increasingly uncertain future.
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, failed to secure a sixth consecutive day of gains in a volatile trading Friday.
The US Dollar’s (USD) sharp, post-election advance has moderated a little today, reflecting some drift in US short rates and perhaps some consolidation in USD-bullish positioning, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The US Dollar (USD) declines on Friday, breaking a streak of five trading days of gains, as traders engage in profit-taking after the Trump-led rally pushed the Greenback to reach on Thursday its highest level this 2024.
The US Dollar (USD) is testing the limit of stretched positioning, but macro developments have so far failed to offer any real catalyst for a substantial unwinding of the greenback’s longs.
The US Dollar (USD) continued to hover near recent highs amid Trump policy uncertainty, a possible return to US exceptionalism and less dovish Fedspeaks.
Here is what you need to know on Friday, November 15: Asian stocks remained a mixed bag, dragged by the mixed Chinese activity data and a pessimistic Wall Street close overnight.