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South Korean Won edges up against US Dollar as BoK hikes interest rates
The South Korean Won (KRW) reflects broader strength against the US Dollar (USD) as the Bank of Korea (BoK) delivers its first interest rate hike in three-and-a-half years, raising rates by 25 basis points (bps) to 2.75%.
United States Dollar Index struggles near 100.50, multi-week low amid fading Fed hike bets
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, is seen consolidating around the 100.50 region during the Asian session on Thursday, close to the nearly four-week low touched the previous day.
US Dollar: Softer inflation trims yield upside – MUFG
MUFG’s Lloyd Chan notes that softer US inflation in June has reduced upside risks to US yields, leading markets to unwind much of the July Federal Reserve hike pricing and scale back tightening expectations for 2026.
Dow Jones futures edge lower as traders weigh on US-Iran tensions
Dow Jones futures inch lower by 0.04% to trade around 52,770 during European trading hours on Wednesday. Meanwhile, S&P 500 futures and Nasdaq 100 futures advance 0.19% and 0.79%, trading near 7,600 and 30,030, respectively.
US Dollar: Support pillar weakens after CPI – MUFG
MUFG’s Derek Halpenny notes that weaker US CPI has sharply reduced market expectations for a Federal Reserve rate hike, undermining a key source of recent US Dollar strength.
US Dollar Index Price Forecast: Remains below 101.00 near ascending channel bottom
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second successive day, trading around 100.80 during the early European hours on Wednesday.
US Dollar: Long positioning faces reality check – DBS
DBS Group Research economist Philip Wee warns that speculative long positions in the US Dollar (USD) look vulnerable after June US CPI surprised on the downside.
United States Dollar Index stays below 101 as traders trim hawkish Fed bets
The US Dollar (USD) underperforms its major currency peers as traders have trimmed Federal Reserve (Fed) interest rate hike expectations for the current year, following the release of the softer-than-expected United States (US) Consumer Price Index (CPI) data for June.
US Dollar: Inflation risks skewed to downside – Commerzbank
Commerzbank’s Michael Pfister argues recent US Dollar strength rests on increasingly hawkish Federal Reserve expectations that may be overdone.
United States Dollar Index holds correction near 101.10, eyes on inflation data
The US Dollar (USD) holds its early corrective move in Tuesday’s European session ahead of the United States (US) Consumer Price Index (CPI) data for June, which will be published at 12:30 GMT.
US Dollar: Residual strength as safe-haven returns – TD Securities
TD Securities strategists expect the US Dollar to retain some residual strength in Q3 as positioning normalizes and traditional safe-haven demand returns.
US Dollar: Fed pricing stays hawkish – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that the rebound in Oil is lifting US inflation expectations and supporting the Dollar. Haddad highlights sticky US inflation, a resilient labor market and US economic outperformance as factors keeping Fed pricing hawkish.
Euro rises against US Dollar as latter corrects ahead of US CPI data
The Euro (EUR) trades slightly higher to near 1.1395 against the US Dollar (USD) during the European trading session on Tuesday. The major currency pair gains as the US Dollar corrects ahead of the United States (US) Consumer Price Index (CPI) data for June, which will be published at 12:30 GMT.