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USD forecast

USD forecast: Dollar hovers at 10-month highs

The U.S. Dollar index remained stable around 106 on Tuesday, maintaining its highest levels in ten months as it followed the upward trend in US Treasury yields.
USD forecast

USD forecast: Shutdown averted, dollar stays steady

With U.S legislators coming through with a last-minute deal to avoid a government shutdown, DXY traded around the 106 mark on Monday. USD forecasts mostly leaned towards strength.
USD forecast

USD forecast: Analysts say dollar headed for 108

With hawkish Fed rhetoric continuing to propel the dollar, analysts’ USD forecasts have pointed to 108 as the next potential target for the DXY.
USD forecast

USD forecast: Blowout U.S. jobs report buoys dollar

After U.S. nonfarm payroll report blew past market expectations on Friday, the trajectory for USD forecasts and the DXY index will likely remain upward.
USD forecast

USD forecast: Middle east conflict lifts safe-haven dollar

An outbreak of war in Israel has led investors to flock to the safe-haven U.S. dollar. Analysts' USD forecasts saw continued strength in the greenback.
USD forecast

USD forecast: Dollar up on hotter-than-expected CPI reading

Hotter-than-expected CPI figures saw the U.S. dollar index rise on Thursday, with the USD forecast projecting a largely positive dynamic in the short term.
USD forecast

USD forecast: Dollar edges up on strong U.S. retail sales

Strong U.S. retail sales figures buoyed the DXY on Tuesday while USD forecasts saw continued dollar strength due to the greenback's safe haven appeal.
DXY index

DXY index stalls on upbeat China data

The DXY index traded marginally lower on Wednesday, brought down by upbeat data from China but supported by risks emanating from war in the Middle East.

DXY index

Dovish Powell comments send DXY index lower

The DXY index fell by 0.33% on Thursday on comments from Fed Chair Powell, who hinted that interest rates would likely not change at the next FOMC meeting.

DXY index at 106.7 as U.S. GDP blows by estimates in Q3

The DXY index held at around 106.7 on Thursday as fresh GDP figures showed the U.S. economy growing by 4.9% in Q3 - way head of estimates.
dollar

Data spurs dollar index, DXY eyes 3rd month of growth

The U.S. dollar index is poised to capture its third consecutive monthly rise, after gaining 0.2% this week on the back of blockbuster economic data.
dollar

Dollar index retreats as U.S. rates seen at peak

The DXY dollar index fell after the Federal Reserve kept rates on hold on Wednesday, which strengthened the belief that borrowing costs in the U.S. had peaked.
dollar

Dollar index extends gains as euro falls on German data

The DXY dollar index gained back some ground on Tuesday after retreating last week, mostly driven by a decline in the euro.

DXY index

DXY index trades sideways as Fed policy in focus

The DXY index, a gauge of USD strength against a basket of major currencies, traded sideways on Friday
DXY index

DXY index slides to 2-month low after October inflation report

The DXY index shed close to 1% in recent trade after the release of the October inflation report, hovering around 104.65 - its weakest in two months.
dollar index

Dollar index drops past 2-month lows as rates seen at peak

The dollar extended its decline on Monday, reaching a more than two-month low as traders solidified their belief that U.S. interest rates have peaked and shifted focus to potential rate cuts by the Federal Reserve (Fed).

ed minutes appear to halt dollar slide, DXY stable on Thanksgiving

Fed minutes appear to halt dollar slide, DXY stable on Thanksgiving

On Thursday, the U.S. dollar index stabilized around 103.8, maintaining its position after rising for two straight sessions, driven by stronger-than-expected data that leading traders to reconsider their outlook on Federal Reserve monetary policy.
Dollar edges down as investors

Dollar edges down as investors weigh Fed rate cut prospects

The U.S. dollar saw a decline on Friday, as traders weighed new data that showed inflation was easing, fostering expectations that interest rates had reached their peak and central banks — particularly the U.S. Federal Reserve (Fed) — might soon initiate rate cuts.

US dollar

Dovish Fed messaging sends dollar index to 4-month lows

On Thursday, the U.S. dollar reached a new four-month low, following the Federal Reserve's announcement that it has ended its interest-rate hike cycle and anticipates to reduce borrowing costs in 2024.

cutting dollar

Wall Street banks split on interest rate forecasts for 2024

Interest rates in the United States have soared since the beginning of 2022, as the U.S. Federal Reserve (Fed) aimed to carefully manage inflation without disrupting the overall economy through rate hikes.

Dollar Portrait

Dollar forecasts see vulnerable USD in 2024 if Fed pivots

The Federal Reserve's unexpected dovish shift in December has strengthened the case for the ongoing depreciation of the dollar into 2024 — although the resilience of the U.S. economy may act as a limiting factor on the greenback's decline.

American Dollar

Dollar index starts 2024 with gains on yen and euro

The first trading day of 2024 saw a rise in the dollar, with focus shifting to upcoming U.S. jobs data and European inflation figures. These data points are anticipated to offer insights into central banks' potential next moves.

US Dollar

Dollar index up on higher-than-expected nonfarm payrolls

The dollar index (DXY) surged on Friday following data indicating that the largest global economy added more jobs than anticipated last month, potentially suggesting that the U.S.
USD

Dollar index mostly flat after higher-than-expected U.S. CPI

The U.S. dollar gained against the euro and Japanese yen on Thursday following a higher-than-expected consumer inflation reading n in December that surpassed economists' forecasts.

Quarter Dollar

Rate cut bets fall, dollar index surges to one-month high

On Tuesday, the dollar surged as investor expectations for a March interest rate cut from the Federal Reserve fell, while the pound and Japanese yen saw declines amid easing inflationary pressures.

DXY on track for first weekly drop in 2024 ahead of key U.S. nonfarm payroll report

Dollar index on track for weekly loss before U.S. jobs data

The U.S. dollar declined against a range of currencies on Friday, as upbeat Big Teach earnings on Wall Street enhanced investors' preference for riskier assets, while traders waited on U.S. jobs data to assess potential timelines for the Federal Reserve to start loosening its monetary policy.

Dollar index picks up mild gains ahead of Tuesday’s inflation data release

Dollar index ticks up ahead of U.S. inflation data release

The U.S. dollar index (DXY) saw a slight increase on Monday, amid a quiet start to the week due to holidays in major Asian markets.
Citibank dollar forecast predicts 5% jump in USD if Trump wins presidency in November

Citibank dollar forecast sees 5% jump in USD if Trump wins

Analysts at investment bank Citi have forecast a 5% surge in the U.S. dollar and a downturn in bond markets should the Republican Party, led by Donald Trump, secure a comprehensive victory in the U.S. elections this November.

Morning Note: US Retail Dip, Moderna Struggles & Japan’s Inflation Surge

As of December 2024, U.S. retail sales increased by 0.4% month-over-month, following an upwardly revised 0.8% gain in November.