The US Dollar dives lower in the US Retail Sales aftermath and is set to close out the week at a loss. Almost a full -1 % slide in headline Retail Sales for January spells domestic issues for President Trump. The US Dollar Index (DXY) drops substantially below 107.00 and is on its way to […]
US Dollar (USD) traded subdued overnight in absence of fresh catalyst. DXY was last seen at 108 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Deceleration in core CPI may weigh on USD “In the semi-annual testimony to Senate Banking panel overnight, Fed Chair Powell signalled that the Fed was in no
When asked if reciprocal tariffs are still coming on Wednesday, US President Donald Trump said ‘we’ll see’. Trump commented on this at an event to welcome home a hostage released by Russian President Vladimir Putin late Tuesday. Market reaction Markets remain on tenterhooks on Trump’s tariffs uncertainty, with the US Dollar Index (DXY) finding fresh
The US Dollar flat for a second day in a row this week. All eyes shift towards Fed Chairman Jerome Powell heading to Capitol Hill. The US Dollar Index (DXY) is not ging anywhere and is residing above 108.00 wh.ile looking for direction The US Dollar Index (DXY), which tracks the performance of the US Dollar
The US Dollar traded in a positive fashion after the Fed left its interest rates unchanged, as widely anticipated, and Chief Powell delivered a neutral message at his press conference. Here is what you need to know on Thursday, January 30: The US Dollar Index (DXY) kept the weekly bid bias in place helped by
The US Dollar regained some balance and managed to set aside part of the weekly pullback as market participants continued to assess headlines around Trump 2.0. Here is what you need to know on Thursday, January 23: The US Dollar Index (DXY) clawed back some gains, although a move above the 108.00 hurdle appeared elusive
