US CB Consumer Confidence Index declined further in March. The US Dollar Index trades on the defensive near recent lows. US consumer sentiment extended its decline in March, as the Conference Board’s Consumer Confidence Index fell from 98.3 to 92.9—its weakest reading since February 2021. Views of current business and job market conditions also slipped, […]
The US Dollar is turning green and avoids a fresh five-month low in the US Dollar Index. Traders see Germany boost its spending by 0.5 trillion Euro. The US Dollar Index recovers from earlier declines as Putin and Trump are talking. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major
EUR/USD rises to near 1.0900 to start the week as investors await the Fed’s monetary policy decision on Wednesday. The Fed is widely anticipated to keep interest rates steady as the focus shifts to the dot plot and Powell’s comments. Greens’ signal to German debt restructuring deal and optimism over Russia-Ukraine peace could strengthen the Euro.
In an interview with Breitbart News Network on Friday, US Treasury Secretary Scott Bessent said, “we don’t get a recursive Biden-flation,” per Reuters. Further comments We’re very vigilant about inflation, it could happen again. Before we can bring down inflation, we also want to help affordability. As we bring down inflation, we want to bring
Finally, the Greenback managed to regain some composure and clocked acceptable gains following multi-month lows. The broader scenario, however, remained clouded by intense tariff uncertainty as well as fears of a US recession. Here is what you need to know on Thursday, March 13: The US Dollar Index (DXY) set aside part of the multi-day
The US Dollar trades broadly in the red on Tuesday, devaluing further against most major peers. The German Green coalition is said to be back on track for a defense spending bill. The US Dollar Index heads to the lower range of 103.00 and could break below it. The US Dollar Index (DXY), which tracks
DXY stalls around 103.95 as market sentiment remains fragile. Traders eye Wednesday’s US CPI data for fresh market direction. Nasdaq slides 3.3%, dragging broader equities lower. The US Dollar (USD) remains under pressure on Monday, with DXY hovering around 103.95, struggling to find traction after last week’s steep decline. Federal Reserve (Fed) Chair Jerome Powell’s
FX markets are starting to settle down after a momentous week. While events in Europe were really the dominant factor, we would not have seen such big moves in EUR/USD were it not for US short-dated rates crumbling, ING’s FX analyst Chris Turner notes. DXY may return at 104.30/50 “Financial markets have priced the Fed
Federal Reserve Governor Michelle Bowman, regarded as one of the bank’s most hawkish policymakers, indicated that she might place greater emphasis on labour market indicators when considering future policy decisions. Key Quotes Labor market, economic activity will become a larger factor in US central bank policy discussions going forward. Shocks, structural changes since Covid-19 pandemic
The US Dollar Index depreciates as market expectations grow for more aggressive Fed rate cuts amid US growth concerns. President Trump exempted Mexican and Canadian goods under the USMCA from his proposed 25% tariffs. The US Nonfarm Payrolls is projected to show job growth, with employment rising to 160K in February. The US Dollar Index
In February, private sector employment in the US grew by just 77K, coming in short of initial estimates of 140K, according to the latest Automatic Data Processing (ADP) report. In addition, the reading was lower than January’s 186K (revised from 183K). Following the release, Nela Richardson, ADP’s Chief Economist, said that policy uncertainty and a
United States (US) President Donald Trump will address Congress from the US Capitol at around 02:00 GMT Wednesday, marking his first appearance before lawmakers since retaking the White House. He’s expected to outline his vision for a wide range of domestic and foreign policy initiatives. In his second term, President Trump has wasted no time
DXY erases Friday’s gains, slipping as European leaders back Ukraine peace deal guarantees. US Manufacturing PMI beats estimates, while ISM Manufacturing PMI misses expectations. Bond yields edge lower, reinforcing expectations of Fed rate cuts later in 2025. Technical indicators suggest further downside as key moving averages converge near 107.00. The US Dollar Index (DXY), which
US Dollar Index stabilizes around 106.40, hovering near its lowest levels of 2025. Traders anticipate rate cuts, with Fed bets now pricing in two reductions for 2025. US President Trump confirms 25% tariffs on Canada, Mexico, and the EU but delays implementation until April. Markets await the Personal Consumption Expenditures (PCE) data, the Fed’s preferred
The US Dollar kicked off the new trading week slightly on the defensive, managing to rebound from fresh multi-week lows amid tariff concerns, lower yields, and renewed jitters on the health of the US economy. Here is what you need to know on Tuesday, February 25: The US Dollar Index (DXY) dropped to new two-month
The US Dollar steadies after an earlier wild ride as a flood of geopolitical news erupts this Monday. In Germany, the far-right AfD party is outpaced by the CDU. The US Dollar Index (DXY) has recovered a near 0.50% loss andd trades marginally higher at the time of writing. The US Dollar Index (DXY), which tracks
At last month’s meeting, Fed officials debated whether it might be wise to slow or even pause the reduction of their balance sheet holdings, given that renewed concerns over the federal debt ceiling have come back into play. In addition, the Minutes showed the staff’s economic outlook remained largely unchanged from December. Key highlights All
