Morning Bid: Is the dollar on its way to decline?
Tom Westbrook Discusses Market Outlook As the markets entered the quiet period surrounding U.S. Thanksgiving on Thursday, the dollar was on track for its largest weekly drop in over four months, while traders began looking ahead to 2026. In the U.S., there’s a growing expectation for further policy easing, and it seems the rest of […]
US Dollar Index falls below 99.50 due to anticipated interest rate cuts
The US Dollar Index (DXY), which gauges the value of the US dollar against a mix of six international currencies, was in the red at about 99.45 during early European trading on Thursday. Rising expectations for a potential interest rate cut by the Federal Reserve (Fed) at its December meeting have contributed to this decline. […]
Dollar weakens, kiwi rises as interest rate paths differ
Dollar Defends Ahead of Thanksgiving, Fed on the Horizon for December SINGAPORE, Nov 27 – The dollar is edging toward its largest weekly dip in four months as traders pull back before the U.S. Thanksgiving holiday. Investors are considering the unfolding situation for next year, especially as the U.S. may be increasingly isolated in its […]
Australian Dollar continues to rise as traders anticipate the RBA will maintain interest rates.
The Australian dollar (AUD) saw an increase against the US dollar (USD) on Thursday, marking its fifth consecutive session of gains. The rise in the AUD/USD pair comes as the USD faces challenges, particularly with growing expectations of a Federal Reserve rate cut in December. According to the Australian Bureau of Statistics (ABS), private capital […]
Dollar Decline Triggers Short Covering in Cocoa Futures
Cocoa Market Update Today, March ICE NY Cocoa is up by 19 points, or about 0.37%, while December ICE London Cocoa #7 has increased by 12 points, which is approximately 0.33%. After some initial losses this morning, cocoa prices began to recover, primarily due to the weaker dollar prompting short covering in cocoa futures. The […]
Forex Update: Kiwi and Aussie rise, US Dollar stays weak
What You Need to Know – November 26 On Wednesday, November 26th, the New Zealand dollar (NZD) and the Australian dollar (AUD) saw an uptick as the markets responded to policy changes from the Reserve Bank of New Zealand (RBNZ) and fresh inflation data from Australia. As the day progresses, the U.S. will also release […]
EUR/USD holds on to gains amid increased risk appetite and dollar weakness
EUR/USD Sees Gains but Remains Below Key Level The EUR/USD pair is climbing on Wednesday, currently trading at 1.1575, but hasn’t quite breached the 1.1600 mark. Concerns from the European Central Bank (ECB) regarding financial risks have tempered investor enthusiasm, while increasing speculation over a potential interest rate cut by the US Federal Reserve in […]
Australian Dollar remains steady after its first full month of CPI data.
The Australian Dollar Gains Against the US Dollar On Wednesday, the Australian dollar (AUD) experienced an increase against the US dollar (USD), marking its fourth consecutive session of gains. The AUD/USD pair has managed to maintain its position following the Australian Bureau of Statistics (ABS) releasing its inaugural “complete” monthly consumer price index (CPI), which […]
Dollar remains steady despite potential US rate cut on the horizon
SINGAPORE, Nov 25 The U.S. dollar held steady on Tuesday while the Japanese yen remained under scrutiny as investors mulled the likelihood of the Federal Reserve reducing interest rates next month, largely following some soft comments from key policymakers. Recently, Federal Reserve President Christopher Waller indicated that the job market may be weak enough to […]
US Dollar Index declines close to 100.00 before the release of US Retail Sales and PPI
The US Dollar Index (DXY), which tracks the value of the dollar against six major currencies, was sitting at around 100.15 during the Asian trading session on Tuesday, showing some weakness. This dip is largely attributed to dovish comments from officials at the Federal Reserve, increasing the likelihood of a rate cut next month. On […]