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United States Dollar Index steady as traders weigh geopolitics, Fed outlook
The US Dollar Index (DXY) trades within a volatile range on Friday as a sparse US economic calendar leaves traders watching developments in the Middle East after renewed hostilities between the United States (US) and Iran this week.
Dow Jones Industrial Average treats the ceasefire's second death as a rerun
The Dow Jones Industrial Average trades at 52,609 on Friday, up 0.26%, two sessions after printing a record 53,333 and one news cycle into the second official death of the US-Iran ceasefire.
US Dollar: AI-driven imports reshape trade – Commerzbank
Commerzbank’s Volkmar Baur says AI-related capital-goods imports are structurally widening the US trade deficit. Strong foreign demand currently helps finance the gap, but weaker confidence in the United States (US) AI (Artificial intelligence) investment story could create risks for the Dollar.
United States Dollar Index extends losses as US and Iran attempt to resume talks
The US Dollar Index (DXY) is trading lower for the third consecutive day on Friday.
United States Dollar Index falls to three-week low amid signs of US-Iran war de-escalation
The US Dollar (USD) extends its losing streak for the third trading day on Friday amid signs of de-escalation in the ongoing clash between the United States (US) and Iran.
US Initial Jobless Claims dropped to 215K last week
According to a report from the US Department of Labor (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance shrank to 215K for the week ending July 4.
US Dollar: Constructive outlook as Oil risks build – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note renewed Middle East tensions and higher Oil prices are lifting the US Dollar (USD) and global bond yields.
United States Dollar Index Price Forecast: Flirts with 23.6% Fibo./weekly low below 101.00
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, extends the previous day's pullback from the 101.25-101.30 region and attracts some follow-through sellers on Thursday.
Euro: Hawkish Fed keeps gains contained against US Dollar – Commerzbank
Thu Lan Nguyen at Commerzbank notes that EUR/USD has traded in a narrow range and appears largely unaffected by Iran-related headlines, as the correlation with Oil has weakened.
US Dollar: Supported by higher yields and FOMC stance – MUFG
MUFG’s Lloyd Chan reports that June Federal Open Market Committee (FOMC) minutes show policymakers increasingly concerned that US inflation could stay elevated, with some seeing a case for a rate hike.
United States Dollar Index stays pressured near 101.00 as Fed bets/Iran risks limit losses
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, trades with a negative bias for the second straight day, though it remains confined within the previous day's range through the Asian session on Thursday.
New Zealand Dollar: RBNZ hawkish path supports currency – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports that the Reserve Bank of New Zealand (RBNZ) delivered a 25 bps hike to 2.50%, largely priced in, triggering an New Zealand Dollar (NZD) rally before gains were trimmed by Middle East tensions.
US Dollar: Warsh risks skewed to cuts – Commerzbank
Commerzbank’s Antje Praefcke argues that interest rate differentials are again driving the Dollar, with USD reacting strongly to weaker US data as markets reassess new Fed Chair Kevin Warsh.