Dollar strengthens on economic strength; sterling edges higher
Dollar strengthens on economic strength; sterling edges higher
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Dollar strengthens on economic strength; sterling edges higher
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By Gertrude Chavez-Dreyfuss and P.J. Huffstutter NEW YORK (Reuters) -The U.S. dollar touched a 10-week high on Monday in thin trading, extending its weeks-long bullish run sparked by data showing a modestly slowing economy that lined up with bets for moderate interest rate cuts by the Federal Reserve. Volume was light with several markets, including…
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on February 24th. This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong…
After a shaky start, riskier assets are showing signs of stability. U.S. Treasury Secretary Scott Bessent’s comments about equity corrections being “healthy” have provided some reassurance. However, upcoming U.S. economic data, particularly retail sales figures, and the impending trade reforms on April 2nd will test market resilience. The potential slowdown of the U.S. consumer is…
Hi all, When you had a look at the calendar for next week, the first thing that probably came to your mind was, How do I trade this week… Well, don’t worry —this week’s weekly analysis video shows you how I approach a week like this, where we have 4 monetary policy statements and a…
Asia FX tepid amid reduced Fed cut bets; Japanese yen gains on strong Q2 GDP Source link
The USD/JPY forecast edges lower as the BoJ’s Ueda left hawkish remarks. The BoJ hinted at rate hikes to prevent a resurgence in inflationary pressure. With Fed easing, the central bank divergence continues to favor the USD/JPY bears in the near term. The USD/JPY forecast remains slightly lower on Monday as the pair slipped to…