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Dow Jones futures fall ahead of results from Wall Street lenders
Dow Jones futures lose 0.26% to trade around 52,620 during European trading hours on Tuesday. Meanwhile, S&P 500 futures and Nasdaq 100 futures fall 0.03% and 0.42%, trading near 7,560 and 29,600, respectively.
US Dollar: Fed reaction focus after Waller â MUFG
MUFGâs Michael Wan notes the Dollar strengthened as US Treasury yields rose and equities sold off, helped by renewed USâIran tensions and higher Oil prices.
Australian Dollar: Waiting for Australian data before RBA â Commerzbank
Volkmar Baur at Commerzbank notes the Australian Dollar (AUD) has traded largely sideways, with markets waiting for clarity on Middle East developments and upcoming Australian labor and inflation data ahead of the August 11 Reserve Bank of Australia (RBA) meeting.
United States Dollar Index Price Forecast: Holds above 101.00 ahead of US CPI, Fed's Warsh
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, sticks to modest intraday losses through the early European session on Tuesday as bulls seem hesitant ahead of the latest US consumer inflation figures.
US Dollar: Data-dependent Fed stance and volatile pricing â BNY
BNY Marketsâ John Velis and David Tam note that June Consumer Price Index (CPI) is expected to show softer headline inflation on lower energy, but recent events have lifted Oil prices again, complicating short-term forecasts.
Dow Jones Industrial Average wobbles while Washington opens a toll booth in the Strait of Hormuz
Risk aversion set Monday's tone, and the Dow Jones Industrial Average wore it better than most of its peers; the index trades near 52,525, down 117 points or 0.2%, while the Nasdaq Composite sheds 1% and the S&P 500 gives back 0.4%.
President Trump declares US âGuardian of the Hormuz Straitâ
United States (US) President Donald Trump announced that the Strait of Hormuz is open and will remain accessible to international shipping âwith or without Iran,â while outlining a new US-led security arrangement for the strategic waterway.
US Dollar: CPI, Fed speakers and Warsh testimony â Rabobank
Rabobank's Senior Macro Strategist Bas van Geffen highlights a USâcentric data and policy calendar, with June CPI expected to ease to 3.8% yearâonâyear and core inflation to 2.8%.
US President Trump: We are taking over the Strait of Hormuz
In an interview with Fox News on Monday, United States (US) President Donald Trump said that they will probably take over the Strait of Hormuz and argued that they should be reimbursed for controlling it.
US Dollar Index: Range holds as markets await Warsh and CPI â DBS
DBS Group Research economist Philip Wee notes that the US Dollar Index (DXY) Index has been confined between 100.5 and 102 for three weeks as traders await clarity on whether the Federal Reserve (Fed) will proceed with a potential rate hike later this year.
GBP/USD Price Forecast: Bounces back to near 1.3400 as US Dollar turns upside down
The British Pound (GBP) recovers its early losses and flattens around 1.3400 against the US Dollar (USD) during the European trading session on Monday.
US Dollar: Fed data focus supports modest gains â BBH
Brown Brothers Harrimanâs (BBH) Elias Haddad notes the US Dollar (USD) traded mixed, but expects USD to edge slightly higher over the next couple of months as US labor markets stabilize and inflation remains sticky.
United States Dollar Index holds above 101.00 on Middle East tensions
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining stronger for the second successive day, trading around 101.10 during the Asian session on Monday.