US Dollar Index drops to new lows around 96.50 before ISM Manufacturing PMI data
US Dollar Index Sees Its Lowest Point Since March 2022 The US Dollar Index hit a low of 96.62 on Tuesday, marking its lowest level since March 2022. Uncertainty around future policy decisions in July is expected to challenge the dollar. President Trump has criticized Chairman Jerome Powell for being “too late” regarding interest rate […]
Asia-Pacific FX news summary: China’s Caixin Manufacturing PMI rises into growth
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USD/JPY drops under 147.00 as the US Dollar weakens following mixed PMI data and comments from Fed Bowman
The USD/JPY experienced a dip after struggling to maintain above the 100-day moving average near 148.00. In light of reports regarding Iran’s attacks on US Air Force bases in Qatar, the Japanese yen may see increased demand as a safe haven. The US Dollar Index has fallen below 99.00, influenced by mixed PMI data and […]
Australian Dollar stays low after PMI report, focusing on Middle East conflict
The Australian dollar is expected to weaken as market confidence declines following the US’s attack on three Iranian nuclear facilities. In June, Australia’s service PMI rose from 50.6 to 51.3, while the overall PMI increased from 50.5 to 51.2. Federal Reserve Governor Christopher Waller indicated that the US Central Bank might begin reducing interest rates […]
Australian Dollar stays low after RBA Meeting Minutes and China’s Manufacturing PMI
The Australian dollar saw a decline following the release of the RBA minutes from the May Monetary Policy Conference. China’s Caixin Manufacturing PMI dropped to 48.3 in May compared to 50.4 in April, indicating contraction. Despite worries surrounding the economy, the US dollar recovered some of its previous losses. The Australian Dollar (AUD) faced pressure […]
USD/JPY declines as investors turn to the Yen following disappointing US PMI figures
ISM Manufacturing PMI in US May Shows Weakness ISM manufacturing PMI in the US has fallen to a six-month low. USD/JPY continues to decline as demand for the safe-haven yen increases. The US dollar struggles against major currencies amid concerns over Trump’s tariffs. The Japanese yen benefits from its status as a safe haven, with […]
Forex Today: Focus shifts to May PMI figures from key economies
Financial Market Overview – May 22nd Here’s what’s happening on Thursday, May 22nd: Activity in the financial markets is relatively subdued this morning. Investors are eyeing the upcoming Purchasing Managers’ Index (PMI) data from Germany, the Eurozone, the UK, and the US. Additionally, today’s US economic calendar includes weekly unemployment claims and existing home sales […]
Australian Dollar rises as US Dollar falls before PMI data
The Australian dollar is expected to gain as the US dollar weakens on Thursday. Australia’s manufacturing PMI held steady at 51.7 in May, while the service PMI is projected to drop to 50.5. Federal Reserve officials attribute the decline in consumer and business confidence to shifts in U.S. trade policies. The Australian Dollar (AUD) is […]
GBP/USD approaches 1.3450 as UK PMI data is awaited.
GBP/USD is poised to gain as the US dollar weakens following Moody’s downgrade of the US credit rating. Federal Reserve officials have expressed partial disapproval of recent changes to US trade policy, citing concerns over fluctuating consumer and business confidence. Pound Sterling is benefiting from unexpectedly high UK inflation data released on Wednesday. GBP/USD is […]
US Dollar Index stays below 100.00 before ISM Services PMI – FXStreet
The US dollar index is holding steady as speculation around the US trade situation grows. Trump has indicated that trade talks with China are still in progress, though there are no direct discussions planned for this week. Trump also stated he won’t try to replace Federal Reserve Chairman Jerome Powell before his term is up […]