Category: Dollar
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Column-US rate shift infects dollar, but prognosis isn’t terminal: McGeever By Reuters
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By Jamie McGeever ORLANDO, Fla. (Reuters) – The dollar has been hit hard by aggressive repricing of U.S. interest rate expectations but it is likely too early to write off the greenback. The dollar is currently at its weakest level this year against a basket of major and emerging market…
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Dollar falls after Powell greenlights September easing By Reuters
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By Alden Bentley NEW YORK (Reuters) – The dollar fell and the pound rose to its highest in more than two years on Friday after Federal Reserve Chairman Jerome Powell gave an unequivocal signal that a long-awaited U.S. interest rate cut will come next month. The dollar’s weakness also saw…
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Dollar to remain elevated in spite of rate cuts By Investing.com
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Despite expectations of a significant rate cut by the Federal Reserve in 2024 and 2025, analysts at Wells Fargo Investment Institute expect the US dollar to remain high. Analysts cited the reasons behind the forecast in a note dated Monday, focusing on interest rate differentials, global economic conditions, and the…
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BofA: The US dollar has rallied ahead of 10 of the past 13 elections
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Bank of America confirmed that the US Dollar Index (DXY) historically tends to rise from August until the US election day in November, indicating potential strength for the US dollar ahead of the upcoming elections. Key points: Seasonal trends: Since 1970, the US Dollar Index has shown strength in August,…
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Why the US dollar continues to weaken and the case for more selling from here
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The US dollar fell to new lows on the day across the board (but not yet against the pound). The market continues to digest Powell’s comments, and the front end of the yield curve remains the place where the strongest buying is taking place. The 2-year Treasury note fell 9…
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Sterling climbs to highest since March 2022 against dollar By Reuters
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(Reuters) – Sterling rose to its highest level in more than two years against the dollar on Friday, helped by fresh signs of strength in the British economy and dovish comments from Federal Reserve Chairman Jerome Powell that pushed the greenback lower against many global currencies. The pound jumped 0.7%…
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ForexLive European FX news wrap: Dollar sluggish as markets await Powell
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Headlines: Markets: AUD advances, USD and CHF lag during the day European stocks rise; S&P 500 futures up 0.5% The yield on the 10-year US Treasury note fell 1.4 basis points to 3.848%. Gold rises 0.6% to $2,498.53 West Texas Intermediate crude rose 1.3% to $73.96. Bitcoin price rises 0.2%…
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Dollar edges lower ahead of Jackson Hole; euro, sterling higher By Investing.com
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The US dollar fell in early European trading on Friday, as the recovery from seven-month lows faltered ahead of Federal Reserve Chairman Jerome Powell’s much-anticipated speech at the Jackson Hole Symposium. At 04:30 ET (09:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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UBS looks to fade rallies in the US dollar, move into other G10 currencies
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Asia FX weakens as dollar recovers from 3 days of losses; rate cuts in focus By Investing.com
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Most Asian currencies fell on Thursday as the dollar rose from seven-month lows amid some cheap buying, although traders remained largely biased against the greenback amid expectations of interest rate cuts. The Japanese yen retreated after posting strong gains this week, although sentiment towards Japan was supported by positive PMI…
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Further dollar weakness not a given, EURUSD overshooting fundamentals: UBS By Investing.com
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The US dollar fell this week as stock markets recovered from early August declines, while expectations of a more dovish Federal Reserve policy continued. UBS Global Research analysts warn against assuming the US dollar will continue to fall. Although the euro has reached a new high against the US dollar…
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Dollar has more downside as Fed cuts approach
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Investing.com – The U.S. dollar has had a tough summer so far, and Capital Economics expects further declines over the next two years, citing unfavorable interest rate differentials and continued strong risk appetite. The dollar index, which measures the greenback against a basket of six other currencies, has fallen about…
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Dollar hits year low versus euro as traders await data and Powell By Reuters
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By Kevin Buckland TOKYO (Reuters) – The dollar fell to its lowest level this year against the euro on Wednesday as traders braced for potentially crucial revisions to U.S. jobs data later in the day, ahead of a speech by Federal Reserve Chairman Jerome Powell at the end of the…
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Asia FX steady as yen rally cools, dollar at 7-mth low amid rate cut bets By Investing.com
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Most Asian currencies were steady on Wednesday with the Japanese yen slightly weaker after a strong rally earlier this week, while continued bets on a U.S. interest rate cut saw the dollar fall to seven-month lows. The strength in the yen pointed to a sustained decline in the carry trade…
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Dollar slips lower on rate cut expectations; euro nears this year’s high By Investing.com
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Investing.com – The U.S. dollar fell on Tuesday, approaching a seven-month low amid growing conviction that the Federal Reserve will cut interest rates in September. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.3% at 101.667, trading…
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Daily FX Market Review: U.S. Dollar Hits Its Lowest Point of the Year!
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The US dollar hit its lowest level this year on Tuesday as market participants awaited the Federal Reserve’s next interest rate cuts. The dollar fell to levels not seen since early January, reflecting expectations that the U.S. Federal Reserve will begin cutting interest rates next month. This decline comes in…
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‘Kamala-mentum’ is putting ‘Trump trades’ on ice as dollar loses steam By Investing.com
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Macquarie says the prospect of a Democratic win is forcing traders to back away from “Trump trades” including dollar bidding, as Democratic presidential nominee Kamala Harris continues to bring more of a “Kamala mentality” to the White House race. “We believe the prospect of a Democratic victory in the presidential…
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Dollar pressured lower amid hedge fund selling By Investing.com
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Investing.com – The U.S. dollar has been broadly sold off, according to analysts at Bank of America, and further losses remain possible. “Our own flows show broad-based selling of the US dollar so far in August, particularly by hedge funds and corporates,” Bank of America analysts said in an Aug.…
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Dollar pressured lower amid hedge fund selling By Investing.com
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Investing.com – The U.S. dollar has been broadly sold off, according to analysts at Bank of America, and further losses remain possible. “Our own flows show broad-based selling of the US dollar so far in August, particularly by hedge funds and corporates,” Bank of America analysts said in an Aug.…
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Dollar nears 7-month low ahead of Powell, Swedish crown falls after rate cut By Reuters
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By Ankur Banerjee and Stefano Ribaudo (Reuters) – The dollar hovered near a seven-month low on Tuesday amid bets the U.S. central bank will start cutting interest rates next month, with traders bracing for comments from Federal Reserve Chairman Jerome Powell on Friday. The dollar’s weakness has lifted the euro…