Dollar rebounds on Trump tariff warning; stocks point lower – Yahoo Finance
Written by Kevin Buckland and Uncle Banerjee TOKYO (Reuters) – The dollar weakened against major currencies on Tuesday after U.S. President-elect Donald Trump pledged to impose tariffs on all imports from Canada and Mexico and impose additional tariffs on China. I rebelled against it. Stocks fell, part of a solid rally in the previous session […]
US Dollar declines on quiet Monday, markets await drivers – FXStreet
The US dollar index weakened towards 107.00. Profit-taking after November's sharp rally put pressure on the US dollar. Expectations of lower U.S. corporate tax rates and a wave of deregulation should increase foreign portfolios and FDI inflows to the United States. The US Dollar Index (DXY) retreated from a two-year high on Friday, softening towards […]
USD/INR loses momentum on MSCI rebalancing and softer US Dollar – FXStreet
The Indian rupee gained momentum in early European trading on Monday. Inflows from MSCI's index rebalancing are expected to support INR, but portfolio outflows and a stronger US dollar may limit gains. The Chicago Fed National Activity Index and the Dallas Fed Manufacturing Business Index will be released later on Monday. The Indian rupee (INR) […]
Australian Dollar appreciates as US Dollar corrects downwards after hitting two-year highs – FXStreet
The Australian dollar is gaining as the US dollar has retreated from a two-year high of $108.07 on Friday. The S&P/ASX 200 index rose to an all-time high above 8,450 as Australian shares reflected Wall Street's momentum. President-elect Donald Trump has selected Scott Bessent, a Wall Street veteran and fiscal conservative, to be his Treasury […]
Gold Price Forecast: XAU/USD holds above $2,700 on softer US Dollar, geopolitical risks – FXStreet
Gold prices attracted some buyers in the early Asian session on Monday, rising to nearly $2,720. Escalating geopolitical tensions between Russia and Ukraine are driving up gold prices. The Fed's cautious stance could cap gold's upside. Gold prices (XAU/USD) soared to around $2,720 early Monday Asian time. A decline in the U.S. dollar (USD) provides […]
US Dollar Crushes Euro, Yen, Canadian Dollar, other Currencies as Fed Backpedals on Pace of Rate Cuts – WOLF STREET
Amid renewed concerns about inflation and above-average economic growth. Written by Wolf Richter of Wolf Street. dollar index [DXY] The index, which pegs the U.S. dollar against a basket of six currencies dominated by the euro and yen (euro, yen, Canadian dollar, British pound, Swedish krona and Swiss franc), has so far risen to 107.6, […]
Asian FX muted as dollar remains at 1-yr high; yen steady as inflation rises – Investing.com
Investing.com — Most Asian currencies fell on Friday after the U.S. dollar hovered near 13-month highs, while the Japanese yen weakened after consumer inflation was slightly higher than expected. remained steady. Currencies in the region have fallen in recent weeks, weighed down by a strong dollar and concerns about a slowdown in the pace of […]
Forex Today: US Dollar climbs higher as focus shifts to PMI data – FXStreet
Here's what you need to know on Friday, November 22nd. After a quiet European session, United States dollar (USD) It regained momentum late Thursday and continued to rise early Friday, reaching its highest level since October 2023 above 107.00. S&P Global releases preliminary Purchasing Managers' Index (PMI) for Germany, the Eurozone, and the United Kingdom […]
Biden Admin Moves To Forgive Multi-Billion Dollar Loan To Ukraine
The Biden administration plans to forgive about $4.7 billion in loans to Ukraine, the State Department announced Wednesday, but some lawmakers are working to block that. The Biden administration has poured billions of dollars into Ukraine since the country's war with Russia began in 2022. Some of the money given to Ukraine came in the […]
USD/JPY declines to near 154.00 even though US Dollar ticks up – FXStreet
Despite the US dollar trending steadily, USD/JPY has fallen to around 154.00. Donald Trump's policies are expected to boost US inflation and economic growth. The Bank of Japan did not commit to raising interest rates in December. The USD/JPY pair fell to near 154.00 in Thursday's European session. Assets weakened despite modest gains in the […]