USD/CAD rises to near 1.3920 after the release of the Canadian labor market data. The Canadian jobless rate accelerated at a faster-than-expected pace to 6.9%. Investors await US-China trade talks scheduled over the weekend. The USD/CAD pair moves higher to near 1.3920 in Friday’s North American session after the release of the Canadian labor market…
The US Dollar Index edges lower, testing a fresh low for this week. Traders are starting to get nervous on the duration before an initial trade deal can be announced. The US Dollar Index remains capped below 100.00, still stuck in a wait-and-see range. The US Dollar Index (DXY), which tracks the performance of the…
The US Dollar Index (DXY) rises near the 99.65 area as traders react to conflicting US-China trade signals. Hopes of tariff relief and Fed rate cuts lift sentiment despite China denying any current negotiations. Resistance is seen at 99.92 and 100.95 for the DXY with technical indicators painting a mixed-to-bearish picture. The US Dollar (USD)…
St. Louis Federal Reserve (Fed) President Alberto Musalem indicated that he was closely monitoring whether a rise in short-term inflation expectations was seeping into longer-term ones, noting that such a development could complicate efforts to combat inflation and diminish the Fed’s flexibility in addressing labour market weaknesses. Key Quotes Distinct possibility that inflation rises even…
The DXY trades around the 103 zone on Monday, trying to extend Friday’s rebound amid volatile market conditions. A report suggesting Trump may pause tariffs briefly lifted sentiment, but a sharp White House denial reversed optimism. Resistance sits near 103.75, while 102.50 serves as key support amid mixed technical signals. The US Dollar Index (DXY),…
It will be another key week for the US labour market with the ADP and NFP releases. The US private sector is expected to add 105K new jobs in March. The US Dollar Index appears to have embarked on a consolidative phase. The US labor market is poised to steal the spotlight this week as…
DXY trades near the 104.20 zone after mixed reaction to PMI and Job Openings data. Manufacturing activity contracts and hiring slows, keeping stagflation risks in play. Resistance seen around 104.84 with support clustering near 104.13. The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, trades near…
The dollar rallied in the hours leading to the FOMC announcement on the back of growing hawkish bets, which were, however, scaled back after the statement release. Despite the post-FOMC correction, DXY is still trading above Tuesday’s close, signalling that there is probably not enough in the Fed communication to build fresh USD shorts, ING’s…
The Greenback back in a weekly loss ahead of the US trading session on Friday. Headline risk persists with headlines on the government shutdown and tariff headwinds. The US Dollar Index has been limited by the 104.00 hurdle and looks to be closing off the week in a negative tone. The US Dollar Index (DXY),…
Finally, the Greenback managed to regain some composure and clocked acceptable gains following multi-month lows. The broader scenario, however, remained clouded by intense tariff uncertainty as well as fears of a US recession. Here is what you need to know on Thursday, March 13: The US Dollar Index (DXY) set aside part of the multi-day…