US Dollar Index stays under 98.50 because of cautious sentiment, watch for S&P Global PMI
The US Dollar Index (DXY), which tracks the US dollar’s value against six key currencies, held steady after dropping 0.5% in the previous session. As of Friday morning in Asia, it’s lingering around 98.30. Traders are currently waiting for the early results of the US S&P Global Purchasing Managers’ Index (PMI), set to be released […]
Australian Dollar rises after PMI data release
Australian Dollar Gains Against US Dollar The Australian dollar saw a slight increase against the US dollar on Friday, marking its second consecutive day of gains. The AUD/USD pair remained in focus as Australia’s S&P Global Manufacturing Purchasing Managers Index (PMI) preliminary reading for January came in at 52.4, up from 51.6 previously. The Services […]
Yen fluctuates after BOJ maintains interest rates, dollar endures its worst week since June
Yen Remains Steady Amid Interest Rate Decision The Japanese yen has remained relatively stable as of Friday, following the Bank of Japan’s decision to keep interest rates unchanged. However, it did experience a slight drop to around 158.70 yen per dollar after the announcement, which also included upward adjustments to economic and inflation forecasts, suggesting […]
Gold Approaches $5,000 as a Weaker Dollar Boosts the Rally
Gold Prices Surge Amid Geopolitical Tensions Gold is making headlines as it approaches the $5,000 mark per ounce, driven by growing geopolitical risks and concerns surrounding the Federal Reserve’s autonomy. On Friday, gold bullion reached a landmark price of over $4,967, showing a near 8% increase for the week, largely thanks to a weakening dollar. […]
USD/JPY pulls back as the US Dollar weakens, with attention on the BoJ’s decision and Japan’s CPI
On Thursday, the Japanese yen (JPY) made some gains against the US dollar (USD), resulting in a slight decrease in the USD/JPY pair, which was hovering around 158.30—down from a one-week high at the start of the European session. However, there hasn’t been much selling pressure as traders are holding off on aggressive moves with […]
EUR/USD rises slightly as lower US Dollar balances strong US data
The euro (EUR) saw a slight increase against the U.S. dollar (USD) on Thursday, largely driven by a general weakness in the dollar itself. Traders seemed to overlook some strong economic indicators from the U.S. At this point, EUR/USD is hovering around 1.1742, bouncing back from the previous day’s dip. Recent data from the U.S. […]
US Dollar Index Outlook: DXY Stays at 98.80 Ahead of US GDP as EUR/USD, GBP/USD Pause
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US Dollar Index remains steady around 99.00 before GDP and PCE inflation figures
The US dollar index (DXY), which gauges the dollar’s value against six key currencies, has held steady after slight increases in the prior session. As of Thursday, DXY is hovering around 98.80 Asian time. Traders are looking ahead to the weekly jobless claims, annualized GDP, and personal consumption expenditure (PCE) inflation data for fresh insights […]
Australian Dollar rises due to strong job statistics, while US Dollar remains stable.
On Thursday, the Australian dollar saw an increase against the US dollar, driven by a new jobs report from Australia that strengthened expectations for potential monetary tightening by the Reserve Bank of Australia (RBA). The Australian Bureau of Statistics (ABS) reported a loss of 65,000 jobs in December, far exceeding the forecast of 30,000 and […]
US dollar gains from Trump’s change on Greenland; Australian dollar rises after employment figures
Market Updates on Currency Movements TOKYO, Jan 22 – On Thursday, the U.S. dollar held onto its gains against major currencies after President Donald Trump discussed a potential deal with NATO regarding Greenland and backed off from earlier tariff threats on various European nations. This shift negatively impacted the Swiss franc, which dropped from a […]