The US ISM Services PMI missed consensus in July. The US Dollar clings to its daily gains on Tuesday. Data from the Institute for Supply Management (ISM) showed the Services PMI receded to 50.1 in July, down from 50.8 in the previous month and falling behind analysts’ forecasts of 51.5. Meanwhile, the Prices Paid Index—which…
The US Dollar stabilizes on Wednesday after a sharp three-day decline. US President Donald Trump announces a $550B trade deal with Japan, easing trade tensions. Political pressure mounts on Fed Chair Powell; Trump calls him a “numbskull.” The US Dollar (USD) is edging lower on Wednesday, extending its three-day slide as traders continue to tread…
The US Dollar slumps on Wednesday after CBS reported Trump asked GOP lawmakers if he should fire Fed Chair Jerome Powell. US President Donald Trump finalized a trade deal with Indonesia on Tuesday, imposing a 19% tariff on Indonesian exports. June CPI data came in mixed, but the report confirmed the inflationary effect of tariffs…
Officials from the Federal Reserve indicated during their most recent meeting that they might encounter “difficult trade-offs” in the upcoming months, with rising inflation occurring alongside increasing unemployment. This perspective was supported by projections from Fed staff that highlighted heightened risks of a recession, as revealed in the newly released Minutes from the May 6-7…
The US Dollar is turning green and avoids a fresh five-month low in the US Dollar Index. Traders see Germany boost its spending by 0.5 trillion Euro. The US Dollar Index recovers from earlier declines as Putin and Trump are talking. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major…
EUR/USD posts a fresh year-to-date high above 1.0700 as the US Dollar weakens amid uncertainty over US growth prospects. US President Trump reiterates that reciprocal tariffs to take effect on April 2. The ECB is expected to reduce interest rates by 25 bps on Thursday. EUR/USD rallies to near 1.0720 in Wednesday’s North American session, the highest level…
At last month’s meeting, Fed officials debated whether it might be wise to slow or even pause the reduction of their balance sheet holdings, given that renewed concerns over the federal debt ceiling have come back into play. In addition, the Minutes showed the staff’s economic outlook remained largely unchanged from December. Key highlights All…
The US Dollar trades a touch softer on Thursday against most major peers. Traders are quick to ignore the recent Producer Price Index (PPI) release. The US Dollar Index (DXY) resides below 108.00 and is flat for this week. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six…
The US Dollar pops after stronger-than-expected January inflation numbers. Fed Chairman Jerome Powell heads into his second day at Capitol Hill. The US Dollar Index (DXY) shoots higher and heads to 108.50 in the CPI aftermath. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is soaring in…
The US Dollar Index trades lower near 108.30 as market sentiment remains cautious. Trump confirms 25% tariffs on steel and aluminum imports but provides no clear implementation timeline. Investors await Powell’s testimony for further clues on the Federal Reserve’s policy outlook. US CPI data from January is also due this week. The US Dollar Index…
