US Dollar Dominance: Why USD Is the World's Reserve Currency – Bloomberg
This currency is large, stable, and entrenched in the global economy. That is also what makes this currency such an attractive target. Written by Saleh Mohsin and Ben Purvis Illustrations by Joy Fulton May 1, 2024, 12:01 a.m. UTC The US dollar is the closest thing to a world currency. It is the payment method […]
USD/JPY reaches monthly high, threatens breakout on USD “impregnability” – FXStreet
With the Japanese yen losing its appeal as a safe-haven asset amid easing tensions in the Middle East, the USD/JPY pair is inching towards its April high. Geopolitical risks have not completely disappeared, and new Omicron variants pose an external threat. Friday is likely to be an important day for USD/JPY due to the Bank […]
Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances – DailyFX
Suggesting the possibility of a change in momentum with the golden whipsaw Precious metals rallied phenomenally following the FOMC meeting and summary of the latest economic forecasts. The US dollar acted as a vent for all the hawkish sentiment that was priced into the market. Some in the market feel obligated to remove one interest […]
Forexlive Americas FX news wrap 22 Mar. USD moves higher while yield move lower. – ForexLive
The US dollar ended the day mostly higher, gaining against all major currencies except the Japanese yen and Swiss franc (-0.16% and -0.06%, respectively). From the strongest to the weakest of the major currencies The US dollar appreciated the most against the AUD (+0.84%), NZD (+0.79%) and CAD (+0.59%). The day also saw solid gains […]
Japanese Yen sticks to modest intraday gains against USD, upside potential seems limited – FXStreet
The Japanese yen strengthened following the release of Japan’s consumer inflation statistics. Uncertainty over the Bank of Japan’s future policy measures does not allow for meaningful upside. A moderate USD strength could help limit losses on the USD/JPY pair. The Japanese yen (JPY) has shown a modest recovery after hitting a year-to-date low on Friday […]
Japanese Yen stands tall near one-month top against USD on hawkish BoJ talks – FXStreet
share: The Japanese yen continues to receive support due to expectations that the Bank of Japan will change its hawkish stance. Bets on Fed June interest rate cut hurt USD and put further pressure on USD/JPY. An upwardly revised version of Japan’s fourth-quarter GDP report contributed to the mood of expectations on Monday. […]
Markets Week Ahead: USD, Euro and Gold Eye Inflation Data, Sterling Supported – DailyFX
General sentiment soared over the past week, dominated by Nvidia’s impressive results and encouraging guidance for Q1 2024. The chipmaker helped the S&P 500 reach an all-time high again, with Japan’s benchmark index also achieving the same feat for the first time in his 34 years. Oddly enough, high market sentiment led to a rise […]
Japanese Yen softens to 148 against USD, BoJ's hawkish tilt could limit losses – FXStreet
share: The Japanese yen has been struggling to take advantage of the recovery from the previous day’s year-to-date low. Hawkish expectations from the Fed will support the USD and further support the USD/JPY pair. Betting on an imminent change in the Bank of Japan’s policy stance will help limit the yen’s downside. The […]
Japanese Yen remains on the back foot against USD, lacks follow-through ahead of US GDP – FXStreet
share: The Japanese yen fell slightly against the US dollar on Thursday, but the downside appears to be limited. The risk-on mood and the recent widening of the Japan-U.S. interest rate differential are putting pressure on the yen. The Bank of Japan's hawkish leanings could be a tailwind for the yen, as the […]
Euro wavers, the USD picks up as market mood falters – FXStreet
share: The euro rose as the US dollar recovered amid weak market sentiment. Weaker-than-expected US PPI on Friday reignited hopes of a Fed rate cut, hurting the US dollar There is little trading on Monday as the US market is closed for the holiday. The euro (EUR) has fallen after a strong start […]