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The US Dollar Index cannot rally with Washington on the offer
The Dollar Index trades near 99.50, roughly a tenth of a percent lower, having opened directly on its 200-day Exponential Moving Average (EMA) and failed there inside the first minutes, with a session low just above 99.25 taking out the August range.
The Dow Jones Industrial Average lets refiners price the war
The Dow Jones Industrial Average (DJIA) trades near 53,550 on Monday, down close to 200 points and roughly 1,200 beneath the record printed on August 5, on the day the 60-day negotiating window that was meant to end the war over the Strait of Hormuz lapses with nothing agreed to replace it.
US Dollar: Faces renewed downside risk – Commerzbank
Commerzbank’s Volkmar Baur notes that the US Dollar (USD) has weakened against the Euro (EUR) as markets steadily scale back expectations for further Federal Reserve (Fed) tightening relative to other G10 central banks.
GBP/USD Price Forecast: Bulls press toward 1.3600 as uptrend strengthens
GBP/USD edges higher on Monday as fading expectations of an imminent Federal Reserve (Fed) rate hike drag the US Dollar (USD) lower and lift the British Pound (GBP) to its highest level since May 12.
US Dollar Index Price Forecast: Bears push against two-month lows at 99.40
The US Dollar Index (DXY) extends losses for the third consecutive day on Monday, with bears testing levels at two-month lows below 99.40 during the European session.
Dow Jones futures decline despite softening Fed rate hike expectations
Dow Jones futures decline by 0.12%, trading around 53,740 during European hours on Monday. Meanwhile, S&P 500 futures gain, hovering around 7,820, and Nasdaq 100 futures surge by 0.5%, trading near 30,290.
US Dollar: Losing momentum as fiscal risks rise – DBS
DBS Group Research’s Philip Wee argues that the US Dollar (USD) is losing momentum as markets reassess United States (US)-Japan intervention, shifting Bank of Japan (BoJ) and Federal Reserve (Fed) expectations, and rising US fiscal risks.
US Dollar: Softer data challenges resilience – MUFG
MUFG’s Derek Halpenny and Lee Hardman note that weaker United States (US) data and lower short-term Treasury yields are undermining US Dollar (USD) support, even as the US Dollar Index (DXY) holds above its 200-day moving average near 99.200.
United States Dollar Index weakens to near 99.50 as traders push back Fed rate hike bets
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 99.50 in the Asian trading hours on Monday. The DXY loses momentum as data showed US Retail Sales unexpectedly declined in July.Â
US Treasury yields rise as Oil strength offsets weak Retail Sales
US Treasury yields advanced on Friday during the North American session after reversing their course following the release of US Retail Sales data, which disappointed investors. Meanwhile, the lack of news from the Middle East kept Oill prices higher, amid fears of a resumption of hostilities.
Forecasting the upcoming week: FOMC Minutes take center stage next week
The US Dollar Index (DXY) extended its slide on Friday, holding below 100.00 at fresh lows after a fourth straight soft US data print.
The Dollar Index breaks on the fourth consecutive soft print
The Dollar Index took a payroll contraction on August 7, a cooler consumer price reading on August 12 and a flat producer price reading on August 13 without surrendering its range. Friday's data finally did it.
The Dow Jones Industrial Average learns who paid for disinflation
Two cooling inflation readings carried the broad market to a record on Thursday, taking the S&P 500 through 7,800 for the first time, and Friday morning supplied the explanation for where the cooling came from.