Category: Dollar
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Trump Resurgence Sinks Emerging Markets as Dollar Surges
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(Bloomberg) — Emerging markets were hit hard by the return of the “Trump trade” on Wednesday as the dollar and U.S. yields rose after the election of Donald Trump. Most read from Bloomberg Eastern European currencies led the losses, making a gauge of emerging market currencies post its worst day…
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Global Dollar Network Debuts With Backing From Robinhood, Galaxy Digital, Others
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Some leading cryptocurrency companies have officially formed an alliance aimed at encouraging digital asset users around the world to adopt stablecoins. Robinhood, Kraken, Galaxy Digital, Anchorage Digital, Bullish, Nuvei, and Paxos join the launch New stablecoin Known as USDG, or Global Dollar Network, which helps integrate stablecoins into everyday financial…
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US Stocks, Dollar Rally as Trump Nears Victory: Markets Wrap
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(Bloomberg) — Growing presidential expectations for Donald Trump spread across global markets on Wednesday, with U.S. stock futures rising, Treasury yields jumping and the dollar rising by the most since March 2020. Most read from Bloomberg S&P 500 futures rose 1.8%, 10-year bond yields rose 14 basis points to a…
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US Stocks, Dollar Rally as Trump Nears Victory: Markets Wrap
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(Bloomberg) — Growing presidential expectations for Donald Trump spread across global markets on Wednesday, with U.S. stock futures rising, Treasury yields jumping and the dollar rising by the most since March 2020. Most read from Bloomberg S&P 500 futures rose 1.8%, 10-year bond yields rose 14 basis points to a…
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New Zealand Dollar Rises as Robust Wage Growth Outweighs Q3 Job Decline
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New Zealand’s labor market slowed slightly in Q3 2024, with employment falling by 0.5% quarter-on-quarter (versus an expected 0.4% decline) and the unemployment rate rising from 4.6% to 4.8%. The labor force participation rate also declined to 71.2% compared to 71.7% in the previous quarter. Furthermore, job gains last quarter…
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Dollar Weakens as US Polls Signal No Clear Leader: Markets Wrap
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Breadcrumb links BMN Business The dollar fell after the latest set of opinion poll data for the US presidential elections showed no clear advantage between Kamala Harris and Donald Trump. Oil rose after OPEC+ postponed the production increase. Article writer: Bloomberg News Richard Henderson Published on November 3, 2024 •…
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Chart Art: Is The U.S. Dollar Index Ready To Bounce Higher?
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The US dollar retreated from some of its weekly gains after an advanced GDP reading disappointed market expectations. Are we looking at an opportunity to buy the dollar at lower levels? We zoom in on the 4-hour chart to check the range setting: US Dollar Index (DXY) 4 Hour Forex…
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Bitcoin Makes ATH Against Euro Due To Change In Dollar Strength, Details Inside
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This article is also available in Spanish. Although Bitcoin (BTC) has yet to surpass its all-time high in US dollars (ATH), the major cryptocurrency has achieved new ATH against the Euro (EUR) and some other fiat currencies. Bitcoin achieves a new ATH against the Euro Bitcoin Transgression 68,000 euros ($73,561)…
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Dollar keeps steadier as the week looks to pick up
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Intraday changes are mild but we are seeing some interesting levels impact the USD pairs. EUR/USD is starting to move towards testing levels below 1.0900 with USD/JPY approaching the 150.00 mark. This comes despite risk trading rising further, helped by easing tensions in the Middle East. Daily chart of EUR/USD…
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Asia FX weakens, dollar at over 2-mth high on bets of smaller rate cuts By Investing.com
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Investing.com — Most Asian currencies fell on Tuesday, while the dollar held steady at its highest level in more than two months amid continued bets that the Federal Reserve will cut interest rates at a slower pace. Comments made by Federal Reserve officials have reinforced this idea, especially after recent…
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Dollar edges higher against major currencies as traders weigh US data By Reuters
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By Chibuike Ojoh and Alun John NEW YORK/LONDON (Reuters) – The US dollar stabilized against major currencies on Friday as markets absorbed a large number of economic data that supported the current monetary policy path of the Federal Reserve (US central bank). The Labor Department reported that its U.S. producer…
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Dollar remains supported ahead of Fed speakers; euro awaits ECB decision By Investing.com
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Investing.com – The US dollar rose on Monday, holding on to recent gains as traders digested more stimulus announcements from China ahead of comments from a number of Federal Reserve officials. At 04:00 EST (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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Dollar holds gains while investors parse China’s stimulus plans By Reuters
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Written by Vidya Ranganathan SINGAPORE (Reuters) – The dollar maintained its gains and even extended some gains in Asian trading on Monday as a holiday in Japan drained liquidity, leaving somewhat disappointing Chinese stimulus announcements at the end of the week the focus of market attention. The euro fell 0.13%…
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Dollar holds gains while investors parse China’s stimulus plans By Reuters
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Written by Vidya Ranganathan SINGAPORE (Reuters) – The dollar maintained its gains and even extended some gains in Asian trading on Monday as a holiday in Japan drained liquidity, leaving somewhat disappointing Chinese stimulus announcements at the end of the week the focus of market attention. The euro fell 0.13%…
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Dollar at Crossroads as Trump or Harris White House Looms By Investing.com
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Investing.com – The upcoming US elections may be a crossroads for the dollar, as a Trump win is likely to initially strengthen the US currency, while a Harris win could lead to short-term weakness, but experts warn against betting on any immediate win. . -The movement in results is likely…
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Dollar slips lower, but still on course for weekly gain By Investing.com
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Investing.com – The US dollar traded with small losses on Friday, but remained on track for weekly gains as traders reassessed potential interest rate cuts from the Federal Reserve in the wake of the strong employment report. At 04:30 EST (08:30 GMT), the dollar index, which tracks the greenback against…
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Dollar push and pull yesterday but didn’t move a whole lot in the end
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In case you missed the headlines: Inflation numbers were higher than expected while initial jobless claims also jumped, with little hurricane-related impact noted. The dollar made gains on the back of this, but they were quickly erased. That’s before Bostic came in to lift the dollar again ahead of another…
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Asia FX advances, dollar little enthused by hot CPI data By Investing.com
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Investing.com — Most Asian currencies rose slightly on Friday, while the dollar fell from two-month highs although hot consumer inflation data boosted bets on a smaller interest rate cut by the Federal Reserve. But most regional currencies suffered losses in recent sessions, as recent US data indicated that interest rates…
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Trump’s desire to trash the US dollar could be blocked by the Fed & China
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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Asia FX firms slightly, dollar steady as CPI data looms By Investing.com
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Investing.com — Most Asian currencies rose slightly on Thursday, recovering some of recent losses, while the dollar held near a seven-week high ahead of key consumer inflation data. Regional currencies suffered losses over the past week amid growing doubts about the pace of future interest rate cuts by the Federal…