US dollar

US elections: A simple guide and market implications – Special Report

Posted on September 4, 2020 at 1:13 pm GMT

The 3rd of November is the day that American citizens will decide who will lead their country for the next four years. Opinion polls suggest Biden will win, but Trump is quickly closing that polling gap in key battleground states and betting markets imply that the race is too close to call. In this piece, we examine how the complex US voting system works, what makes it different from other countries, and how markets might react ahead and after the [..]

Is the ‘party’ in gold just getting started? – Special Report

Posted on July 10, 2020 at 12:46 pm GMT

Gold prices keep rising, powered by a trifecta of uncertainty among investors, runaway government spending, and rock bottom interest rates for years to come. Even though the metal has already come a long way, there’s not much to stop it from grinding even higher to new record highs. Any more stimulus from the Fed for instance, like an introduction of yield curve control, could sink the dollar and turbocharge bullion. The main downside risk is a successful virus vaccine. Central [..]

US jobless claims to show pain, but dollar might like that – Forex News Preview

Posted on April 8, 2020 at 10:26 am GMT

In America, the spotlight will be on Thursday’s weekly jobless claims and consumer confidence numbers, which will reveal how quickly unemployment is rising and how badly the consumer has been hit. Contrary to conventional wisdom though, a disappointing set of data could boost the US dollar, which has been acting like a safe haven amid all the chaos. The minutes of the latest FOMC meeting today and CPI inflation stats on Friday might be seen as outdated. Unemployment: A tragedy [..]

US PMIs: What’s the damage? – Forex News Preview

Posted on March 30, 2020 at 1:21 pm GMT

It’s a busy data week in America, as besides the nonfarm payrolls report, there’s also the latest ISM manufacturing and non-manufacturing PMIs coming up on Wednesday and Friday respectively, both at 14:00 GMT. These surveys will give us a taste of how much damage the virus has inflicted on the US economy and therefore, of how deep the upcoming recession will be. As far as economic data go these days, these are extremely important, and a serious disappointment could derail [..]

Asian Session – Dollar steadies after drop to one-week low against yen

Posted on February 17, 2017 at 6:42 am GMT

The US dollar continued its corrective move against the yen in Asia today. After hitting a more-than two-week high above 114-yen this week, following hawkish comments from Fed Chair Janet Yellen and upbeat US inflation and retail sales data, the greenback failed to maintain the rally. The dollar index, which measures the US currency against a basket of six other major counterparts, was flat in Asian trading after having dropped 0.7 per cent on Thursday. Dollar/yen traded just below 113.50 [..]

Asian Session – USD loses strength; Aussie hits near 2-year high against euro after Australian jobs data

Posted on February 16, 2017 at 8:52 am GMT

The US dollar lost some strength against the yen today after making some strong gains on the back of hawkish comments from Fed Chair Janet Yellen on Tuesday and Wednesday. The main focus in the Asian session was the aussie, which saw some volatility after Australian jobs data. The aussie initially spiked up after the data showed that the unemployment rate in Australia unexpectedly fell in January to 5.7 percent from a prior 5.8 percent. This led euro/aussie to revisit [..]

Asian Session – Kiwi tumbles after RBNZ; euro pressured by European political woes

Posted on February 9, 2017 at 8:16 am GMT

The Kiwi was in focus in today’s Asian session as the Reserve Bank of New Zealand (RBNZ) announced its decision to leave rates on hold at a record low of 1.75 percent. This was no surprise but the central bank signaled that inflation remained subdued and any tightening in policy might be at least two years away. In a statement, RBNZ Governor Graeme Wheeler said a decline in the exchange rate is needed. The New Zealand dollar fell sharply against [..]

European session – Dollar reasserting its dominance; Political uncertainty weighing elsewhere

Posted on February 7, 2017 at 4:10 pm GMT

Today was a relatively quiet day in terms of economic data, strong dollar performance didn’t go unnoticed though as the greenback posted significant gains against most other currencies. Today’s move could mark a return to the solid dollar gains recorded after the Trump election victory as market participants seem to be shifting attention from President Trump’s protectionist remarks to his pro-growth fiscal measures and Fed rate hiking, both of which support a stronger dollar. The dollar index, a measure of [..]

Asian Session – Dollar holds gains as markets digest Fed’s hawkish rate hike outlook

Posted on December 16, 2016 at 7:30 am GMT

The US dollar stalled its Fed-driven rally and consolidated against most of its major counterparts in a relatively quiet Asian session. The FOMC’s decision on Wednesday to hike rates and quicken its pace of hiking has taken the US dollar index to a 14-year high. A string of US economic releases on Thursday lent support to the dollar as improving data help reinforce more interest rate increases from the Fed next year. US CPI rose 1.7% year-on-year in the November, [..]

Forex News – Dollar breaks above 117 yen as Fed raises rates, ups outlook

Posted on December 14, 2016 at 9:50 pm GMT

The US Federal Reserve announced a hike of 25 bps in its benchmark rate at its policy meeting today, in a decision that was widely anticipated by financial markets. The move is the first increase in 2016 and the first since last December’s historic decision to raise rates for the first time since the financial crisis. Federal Open Market Committee (FOMC) members were unanimous in voting in favour of raising the federal funds rate to a target range of 0.50-0.75% [..]

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