The US dollar is anticipated to experience increased downward pressure in the upcoming months, despite a recent temporary boost from robust economic data. Analysts at UBS have expressed a pessimistic view regarding the greenback’s future, citing a combination of factors such as narrowing interest rate differentials, concerns about the growing US fiscal deficit, and evolving
Forex
Citi strategists have emphasized the positive impact of the U.S. election on the dollar. They believe that trade and tariff policies, particularly those targeting China, will play a significant role in driving a bullish outlook for the USD. Currencies like the Chinese yuan, euro, Mexican peso, Taiwanese dollar, and Thai baht are identified as vulnerable
The U.S. dollar surged on Friday following the release of data showing a key inflation measure that met expectations. Alongside this, personal spending and income showed an increase, reinforcing the view that the Federal Reserve may opt for a smaller 25 basis point interest rate cut next month, rather than the previously speculated 50 point
The U.S. dollar saw a slight increase in value, ending a five-week losing streak. The Dollar Index, tracking the greenback against a basket of other currencies, rose by 0.1% to 101.314. While this marks the best week since April, the dollar is still set for a significant drop of about 2.5% in August. This decline
The U.S. dollar showed signs of recovery on Thursday, following recent lows, as investors anticipated a series of crucial economic data releases. The Dollar Index, which compares the greenback against a basket of other currencies, edged 0.2% higher to 101.182 after hitting a 13-month low earlier in the week. Despite concerns about trade tensions between
The foreign exchange market is currently in a state of uncertainty as traders closely monitor the potential size of the expected U.S. interest rate cut next month. The dollar remains near its lowest level in over a year against a basket of peers. This has led to a surge in the value of sterling, which
The recent imposition of new Canadian trade tariffs on China has led to a weakening of most Asian currencies. The Chinese yuan saw a slight rise following Canada’s decision to impose a 100% import tariff on Chinese electric vehicle imports, with additional tariffs on Chinese steel imports. The escalation of trade tensions between China and
Asian currencies showed strength on Monday as the Japanese yen saw a significant rise amid growing speculations that the Federal Reserve would lower interest rates in September. This led to the dollar hitting a 13-month low, causing most regional currencies to extend their gains from the previous week. Comments made by Fed Chair Jerome Powell
The U.S. dollar experienced a decline in early European trading, following a recent rebound from seven-month lows, as investors awaited Fed Chair Jerome Powell’s speech at the Jackson Hole symposium. The Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower to 101.245 at 04:30 ET (09:30 GMT). Despite
The recent trends in the Asian currency market have been characterized by weakening currencies amid a stronger dollar and growing expectations of interest rate cuts. While some currencies have experienced gains, the overall sentiment remains bearish towards the greenback. The Japanese yen, which initially showed strength, has softened, reflecting uncertainties in the market. The Federal