Browsing Tag
Dollar
21 posts
US Dollar advances as year-end caution lingers
DXY trades near 107.90 on Friday on a tight range. Trading desks remain short-staffed contributing to a muted trading. Holiday momentum keeps Dollar elevated as 2025 comes to an end. The US Dollar Index, which measures the value of the USD against a basket of currencies, is trading within a very tight range on Friday
Canadian Dollar continues its tepid stance on Friday
The Canadian Dollar tested back into recent lows and struggled to find gains. Canada’s economic data docket remains incredibly thin in the near term. Policy rate divergence is set to be the Loonie’s primary driver heading into 2025. The Canadian Dollar (CAD) continued its soft stance on Friday, easing into familiar near-term lows and shedding
Dollar rides ‘Trump trade’ toward third weekly rise, markets brush off China GDP
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar fell on Friday, taking a breather after five straight days of gains, as risk appetite increased following yet another round of stimulus measures from China that bolstered global equities led by Chinese stocks. Investors cheered the Chinese government's launch of two funding schemes to help boost
US Dollar held its ground after mixed NFPs
US Dollar recovers ground after mixed August Nonfarm Payrolls data. Fed official downplayed discussions of a larger rate cut in September than 25 bps. Markets are seeing 40% odds of a 50 bps cut in the next Fed meeting. The US Dollar Index (DXY), a measure of the US Dollar against a basket of six
Australian Dollar struggles to gain on RBA’s hawkish posture
AUD/USD falls and struggles to gain ground against the USD. US Nonfarm Payrolls disappoint with 142K new jobs added, below the 160K estimate. RBA's hawkish stance suggests no imminent rate cuts, which might support the AUD. The AUD/USD declined by 0.85% in Friday's session, now hovering near the 0.6700 level following the release of the
US Dollar steady ahead of key labor market data
US Dollar recovers after slight losses following ISM PMIs data. Dollar finds cushion on high US Treasury yields. Signs of disinflation have begun to surface in the US economic landscape, which might justify bringing cuts forward. As the week begins, the US Dollar based on the DXY Index has cleared daily losses and currently sits
The Australian Dollar gains ground as the RBA is expected to keep higher rates for longer. The Australian Dollar may see limited upside due to softer-than-expected inflation data from its trade partner, China. The US Dollar remains strong as the Fed is expected to keep rates steady in the range of 5.25%-5.50% on Wednesday. The
Australian Dollar remains subdued amid muted ASX 200, RBA decision eyed
Australian Dollar depreciates on RBA's decision to keep policy rates unchanged. Australian S&P/ASX 200 Index experiences thin trading activity due to market caution. US Dollar strengthens as US Treasury yields improve, fueled by expectations of the Fed being hawkish for an extended period. The Australian Dollar (AUD) remained tepid amid subdued trading activity as market participants exercised caution
Abuja BDCs shut down over dollar scarcity
Bureau De Change (BDC) operators have announced shut down of operation in Abuja as a result of unavailability of dollars.Chairman of the Association, Mallam Abdulahi Dauran, announced this in the nation’s capital, on Wednesday. He attributed the development to online business transaction and cryptocurrency.Daurau said the closure of business would take effect from Thursday, February
US Dollar resumes its downside, bears eye December lows
DXY Index plunged towards the 101.90 area, posting 0.40% daily losses. Gross Domestic Product of the United States expanded at an annual rate of 4.9% in Q3, revised from 5.2% US Jobless Claims accelerated in the second week of December. The US Dollar (USD) measured by the DXY index plunged to 101.90 and nears December