Dollar on back foot; euro awaits key inflation release – Investing.com
Investing.com – The U.S. dollar fell on Tuesday after reports that President-elect Donald Trump's tariffs may be less aggressive, heading for a one-week low while ahead of key inflation data. The euro rose. At 4:25 a.m. ET, the dollar index against a basket of six other currencies was trading 0.3% lower at 107.775, after falling […]
Australian Dollar holds gains as US Dollar corrects downwards ahead of ISM Services PMI – FXStreet
The Australian dollar continues to strengthen following Tuesday's release of building permit statistics. The total number of approved homes in Australia (seasonally adjusted) decreased by 3.6% month-on-month to 14,998 in November 2024. Traders are awaiting the release of the US ISM Services PMI later in the North American session. The Australian dollar (AUD) rose against […]
GBP/USD holds positive ground near 1.2450 on US Dollar bullish – FXStreet
GBP/USD rebounded to around 1.2440 in early European trading on Monday. Fed officials emphasized the need to balance controlling inflation with maintaining a strong labor market. Dovish bets on the BOE could cap upside in the short term. The GBP/USD pair extends its recovery to around 1.2440 in early European trading on Monday. However, the […]
Japanese Yen remains close to multi-month low against US Dollar – FXStreet
The Japanese yen continues to fall due to fluctuations in expectations for the Bank of Japan's interest rate hike. au Jibun Bank Service PMI was revised downward to 50.9 from 51.4 in December. Amid the Fed's hawkish stance, the US dollar is near a two-year high, supporting USD/JPY. The Japanese yen (JPY) attracted new sellers […]
Why is the rupee weakening against the dollar?: Explained – The Hindu
The current weakening of the rupee is believed to be mainly due to the exodus of foreign investors from India, which is putting pressure on the rupee. |Photo provided by: Reuters Story so far: In the last week of December 2024, the rupee crossed the $85 mark against the US dollar and hit an all-time […]
Australian Dollar holds ground ahead of US Jobless Claims – FXStreet
The Australian dollar received support following the release of China's Caixin Manufacturing PMI on Thursday. China's manufacturing production continued to expand in December, entering the growth region for the 14th consecutive month. The dollar index has recovered to multi-year highs due to the US Federal Reserve's hawkish policy shift. The Australian dollar (AUD) strengthened against […]
Dollar headed for best week since November on US rates, economic outlook – Yahoo Finance
Written by Lei Wee SINGAPORE (Reuters) – The dollar rose for the first time in more than a month on Friday, supported by expectations that the Federal Reserve will cut interest rates less this year and that the U.S. economy will continue to outperform the rest of the world. Recorded the best performance. . The […]
USD/CAD gains above 1.4400 as US Dollar dominates on Fed’s cautious policy outlook – FXStreet
USD/CAD rose above 1.4400 as the US dollar hit a new two-year high. The Fed is expected to go through a gradual rate-cutting cycle this year. Investors are awaiting US ISM Manufacturing PMI data for December. The USD/CAD pair rose to around 1.4420 in European trading on Thursday. The loonie pair is rising as the […]
EUR/USD is under pressure as US Dollar holds onto two-year high – FXStreet
EUR/USD is trading cautiously around 1.0350 as the US dollar continues to rise. The U.S. dollar is expected to have more room to appreciate, as the Federal Reserve has indicated that it will reduce interest rates in 2025. Investors expect the ECB to steadily cut rates by 25 basis points at each meeting through June. […]
Dollar eases in cautious start to 2025; yen lingers at five-month lows – Yahoo Finance
Written by Uncle Banerjee SINGAPORE (Reuters) – The yen hovered near its lowest in more than five months as investors contemplated a prolonged stay in U.S. interest rates, ending 2025 on Thursday after a solid year against most currencies. The US dollar was shaky at the start of 2020 trading. . Market focus at the […]