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US Dollar: Labour data and hawkish risks in focus – Deutsche Bank
Deutsche Bank strategists outlines a United States (US) macro backdrop where the Federal Reserve (Fed) held rates but three officials dissented for a hike, keeping inflation concerns alive. They expect two further 25bp increases this year and closely watch upcoming labour and activity data.
United States Dollar Index drops to near $77.50 due to Japanese FX interventions
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after three days of gains and trading around 101.50 during the Asian session on Tuesday.
US Dollar Index: Fed hike expectations support DXY – ING
ING’s Chris Turner notes that despite sizeable joint FX intervention in USD/JPY and lower Oil prices, the US Dollar (USD) is not broadly weaker as markets still price a Federal Reserve (Fed) hike in September.
United States Dollar Index weakens below 100.00 as Trump says new Iran talks would begin Monday
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.70 in the Asian trading hours on Monday. The DXY declines amid improved risk sentiment.
Forecasting the upcoming week: US labor market takes center stage after hawkish Fed split
The first full week of August will test whether the US Dollar can recover from its sell-off during the last week of July as investors shift their attention from central bank decisions to a fresh round of economic data.
United States Dollar Index struggles near 100 after suspected Japanese intervention
The US Dollar Index (DXY) struggles to hold its early recovery on Friday as the fallout from suspected Japanese intervention and the possibility of direct action by the United States (US) keep the Greenback under pressure.
Two earnings shocks cancel each other inside the Dow Jones Industrial Average
The Dow Jones Industrial Average (DJIA) trades just beneath 52,500 on Friday, up around 230 points and roughly 1.6% under the record set early in July.
Swiss Franc trims losses against US Dollar amid Japanese intervention concerns
USD/CHF trims part of its earlier gains on Friday as the US Dollar (USD) struggles to regain momentum following Thursday’s sharp sell-off, which was driven by suspected intervention by Japanese authorities to curb excessive weakness in the Japanese Yen (JPY).
US Dollar Index: DXY seen returning to 96.00–100.00 range – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that the Dollar stabilized after a sharp sell-off linked to suspected USD/JPY intervention, but argues the broader USD rally since May has likely ended, with US Dollar Index (DXY) expected to move back into a 96.00–100.00 range.
Experts agree: The US Dollar rally might have found serious headwinds
The US Dollar Index (DXY) attempts to cling above the 100.00 psychological level on Friday after a nearly 1.5% selloff in the previous three days, as the Federal Reserve's (Fed) lack of forward guidance at Wednesday's monetary policy meeting raised concerns that the bank might fail on its commitment
US Dollar: Post-Fed losses extend as positioning unwinds – ING
ING’s Francesco Pesole notes the Dollar’s post-FOMC selloff has accelerated, with DXY briefly dipping below 100.0 and returning to levels seen after Kevin Warsh’s June press conference. He highlights stretched net-long USD positioning versus G9 and large EUR/USD shorts.
British Pound underperforms as traders reconsider BoE interest rate hike bets
The British Pound (GBP) is down against its major currency peers, trading marginally lower at around 1.3444 against the US Dollar (USD) during the European trading session on Friday.
Dow Jones futures rise as tech rally, AI optimism drive market rebound
Dow Jones futures surge 0.59% to trade around 52,680 during European trading hours on Friday. Meanwhile, S&P 500 futures rise 0.44% to trade near 7,500, while Nasdaq 100 futures rise 1.10%, trading near 28,540, respectively.