Category: Dollar
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Asia FX muted, dollar strong as sticky CPI fuels bets on smaller rate cut By Investing.com
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Most Asian currencies moved in a flat-to-low range on Thursday, while the dollar strengthened after a strong reading on U.S. consumer inflation dashed hopes that the Federal Reserve would cut interest rates by a large margin. Weak inflation data from Japan weighed on the yen, pushing the currency back from…
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BCA Research predicts US dollar rebound amid global trade worries By Investing.com
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BCA Research provides insights into expected monetary policy actions by central banks in China and the United States. The research firm expects Chinese authorities to cut interest rates on existing mortgage loans, while the Federal Reserve is expected to begin a monetary easing cycle. According to BCA Research, a 100…
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Asia FX firms, yen at 8-mth peak as dollar retreats after presidential debate By Investing.com
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Most Asian currencies rose on Wednesday as the dollar weakened in the wake of a heated U.S. presidential debate, with focus shifting to key inflation data due later in the day. The Japanese yen was among the biggest beneficiaries of the trade, with safe-haven demand after the discussion sending the…
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The US dollar is down but not out: BCA By Investing.com
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Investing.com – Despite recent weakness, analysts at BCA Research assert in a note dated Monday that the Saudi stock market remains resilient and is expected to rebound in the coming months. The global economic landscape, marked by a slowdown in the manufacturing sector and increased caution in financial markets, is…
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Citi forecasts further US dollar decline amid global slowdown By Investing.com
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Citigroup has expressed a view that the US dollar is likely to weaken further in the near term, although it maintains a bullish stance on the currency for the next month or two. The brokerage stressed that this outlook is not in favour of a broad-based strengthening of the dollar…
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Citi forecasts further US dollar decline amid global slowdown By Investing.com
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Citigroup has expressed a view that the US dollar is likely to weaken further in the near term, although it maintains a bullish stance on the currency for the next month or two. The brokerage stressed that this outlook is not in favour of a broad-based strengthening of the dollar…
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UBS shifts to bearish US dollar view, sees potential GBP strength By Investing.com
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UBS advised investors to sell any potential short-term gains in the US dollar and adopt a more bearish stance on the currency in the medium term. The bank expects a possible corrective recovery in September, especially if the Fed’s reluctance to implement more than 25 basis points of interest rate…
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UBS shifts to bearish US dollar view, sees potential GBP strength By Investing.com
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UBS advised investors to sell any potential short-term gains in the US dollar and adopt a more bearish stance on the currency in the medium term. The bank expects a possible corrective recovery in September, especially if the Fed’s reluctance to implement more than 25 basis points of interest rate…
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Asia FX muted, dollar advances with inflation, Fed on tap By Investing.com
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Investing.com – Most Asian currencies moved little on Tuesday, while the dollar rose in anticipation of key inflation data that is likely to influence U.S. interest rate expectations. Most regional currencies suffered some losses over the past week as risk appetite declined due to concerns about deteriorating global economic conditions.…
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Tether Unveils Synthetic Dollar Backed By Tokenized Gold, Citing Bitcoin’s Volatility
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Image: cryptobriefing.com In a strategic move to diversify its offerings and cater to the evolving needs of the digital asset market, Tether, a leading stablecoin issuer, has announced the launch of a new synthetic dollar token backed by tokenized gold. The decision to leverage physical gold as collateral for this…
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US dollar jumps as the odds of a 50 basis point cut dwindle
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Today was a roller coaster ride between a mixed non-farm payrolls report and Fed comments. Now that all the cards are on the table, the market is starting to move away from the 50 basis point level. The odds have fallen to 23% from 57% immediately after the jobs report.…
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US dollar jumps as the odds of a 50 basis point cut dwindle
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Today was a roller coaster ride between a mixed non-farm payrolls report and Fed comments. Now that all the cards are on the table, the market is starting to move away from the 50 basis point level. The odds have fallen to 23% from 57% immediately after the jobs report.…
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Bitcoin’s Potential Rally Amid U.S. Dollar Weakness
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Bitcoin and the US dollar have long had an inverse relationship, especially when watching the Dollar Strength Index (DXY). When the dollar weakens, Bitcoin often gains strength, and this dynamic could now be setting the stage for a reboot of the Bitcoin bull cycle. Dixie the Dollar Strength Index (DXY)…
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US dollar rebounds to the highs of the day as enthusiasm for 50 basis points fades
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The market took a long look at the August nonfarm payrolls data and decided it wasn’t weak enough to price in a 50 basis point rate cut by the Federal Reserve this month. Initially, the softer headline number and downward revision sent the odds of a 50bp rate up to…
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Mixed U.S. Labor Market Reports Sent The U.S. Dollar All Over The Charts
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As markets debate the Fed’s next policy steps, updates on the U.S. labor market — which Fed members said they are watching closely — are sure to make market participants nervous. On Thursday, a report was issued by Challenger, Gray and Christmas reversed 75,891 job cuts in Augustthe highest August…
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Forexlive Americas FX news wrap: US dollar weakens after softer ADP but ISM services firms
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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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Forexlive Americas FX news wrap: US dollar weakens after softer ADP but ISM services firms
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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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Bank of America sees more downside for the dollar By Investing.com
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The US dollar has stabilized after a sharp decline in August, but Bank of America Securities sees more trouble ahead for the greenback. At 07:20 ET (11:20 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.2% at 101.077, having largely held…
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Dollar slips lower, struggling to stop losses ahead of payrolls By Investing.com
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The US dollar fell on Thursday, struggling to find its footing after weak economic data raised expectations of a major interest rate cut by the Federal Reserve later this month. At 04:35 ET (08:35 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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UBS cuts US dollar targets; recommends fading any strength By Investing.com
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Investing.com – UBS has cut its long-term targets for the U.S. dollar, looking to outpace the currency’s rally as early as September. At 08:45 ET (12:45 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 101.655, after rising to a…