The recent strong reading on U.S. consumer inflation has had a significant impact on Asian currencies. Most Asian currencies moved in a flat-to-low range on Thursday, while the dollar firmed as hopes for a wide margin cut in interest rates by the Federal Reserve were dashed. The dollar index and dollar index futures both rose
Forex
Following a fiery U.S. presidential debate, most Asian currencies saw gains as the dollar retreated. This shift in the currency market was largely influenced by the unexpected turn of events during the debate between Kamala Harris and Donald Trump. While the broader Asian currencies advanced, there was still a lingering impact from previous losses due
Citi, a prominent brokerage firm, has provided a nuanced perspective on the future of the US dollar. While maintaining a positive view on the currency for the next one to two months, Citi anticipates a potential weakening of the dollar in the near term. This forecast is based on the current market conditions which suggest
UBS has recently advised investors to consider selling any potential short-term gains in the US dollar, as they adopt a more bearish stance on the currency for the medium term. The firm sees the possibility of a corrective rebound in September, especially if the Federal Reserve’s cautious approach to rate cuts aligns with the seasonal
The Asian currencies remained relatively stable on Tuesday, with minimal movement observed. This stagnation can be attributed to the anticipation of key inflation data that is expected to impact the outlook for U.S. interest rates. Over the past week, most regional currencies experienced losses due to concerns regarding worsening global economic conditions. However, the anticipation
The Swiss National Bank (SNB) is facing unexpected challenges as Switzerland’s inflation rate slows down and the Swiss franc strengthens. Recent data shows that inflation in Switzerland dropped to 1.1% year-on-year in August, below both the previous month’s rate of 1.3% and the projected 1.2%. This unexpected decrease in inflation raises concerns about the SNB’s
The U.S. dollar faced a challenging day on Thursday as it struggled to maintain its position in the currency markets. The Dollar Index, which monitors the greenback against a selection of other major currencies, declined by 0.2% to 101.139. This fall comes after disappointing economic data raised concerns about the possibility of a significant interest
The recent performance of the U.S. dollar against the euro has been a topic of interest for investors, as the dollar reached a two-week peak compared to the euro. This peak comes as investors gear up for a week filled with crucial data releases, including the U.S. payrolls report set to be released on Friday.
Recently, the U.S. dollar experienced a slight decrease, although it remained close to its nearly two-week high. Investors are now turning their attention to the anticipated U.S. jobs report expected to be released later this week. The U.S. dollar index, at 101.64, saw a 0.1% decline at 18:40 EST (22:40 GMT). The EUR/USD remained relatively
The U.S. dollar has declined marginally on Monday amid holiday-affected trading, with investors eagerly anticipating key labor market data to gauge the possibility of Federal Reserve interest rate reductions. The Dollar Index, reflecting the performance of the greenback against a basket of six other currencies, is 0.1% lower at 101.577, dropping from the recent peak