Currency futures surged on Friday as the dollar plunged after a poor jobs report. The report revealed a deterioration in the labor market that led to an increase in Fed rate cut expectations. At the same time, data from the US showed a decline in service sector activity, weighing on the dollar. US employment data Read More…
Currency futures fell on Friday as the dollar rose after inflation data in the US led to a drop in Fed’s rate cut expectations. The US released its Personal Consumption Expenditures (PCE) price index report, which showed inflation increased by 0.3% in March as expected. This was the same rate of increase in the previous Read More…
Currency futures were mixed on Friday as markets digested the news that Israel had attacked Iran. Safe-haven currencies like the Swiss franc and the yen rose sharply before pulling back as the session ended. Although Iran confirmed the attack, the country eased market fears by saying it had no intention to strike back. Meanwhile, risk-sensitive Read More…
Currency futures fell on Friday as the dollar soared due to divergence in monetary policies between the Fed and other major central banks. At the same time, geopolitical tensions led to an increase in safe-haven demand for the dollar. Bloomberg dollar gauge (Source: Bloomberg) The dollar closed last week with significant gains as investors slashed Read More…
Currency futures fell on Friday as the dollar rallied after the US reported a bigger-than-expected increase in employment in March. As a result, there was a higher chance the Fed would lag behind other major central banks in cutting interest rates. Despite the big rally on Friday, the dollar ended the week down. US employment Read More…
Currency futures edged higher on Friday as the dollar pulled back after inflation fell. However, volatility was low as US markets were closed for the Good Friday holiday. Still, the US released its core PCE price index report, which revealed a drop in inflation from 0.5% to 0.3%. At the same time, consumer spending increased, Read More…
Currency futures fell on Friday as the global rate-cut outlook changed. Other central banks are becoming more dovish, leading to an increase in bets that cuts will start this year. Meanwhile, the outlook for Fed rate cuts remains uncertain as the economy remains robust and inflation persists. Notably, the Swiss National Bank opened the door Read More…
Currency futures closed lower on Friday as the dollar strengthened on more signs the US economy was resilient. Data released on Friday on the manufacturing sector revealed a strong economy that could allow the Federal Reserve to hold higher interest rates for longer. US factory production (Source: Federal Reserve) Data revealed a recovery in factory Read More…
Currency futures reached new heights on Friday as the dollar weakened after a mixed jobs report. Notably, the US employment report revealed some weakness in the labor market, supporting the view that rate cuts will come later in the year. As a result, most currency futures rose to new highs before pulling back as Friday’s Read More…
Currency futures rose on Friday as the dollar fell after weaker-than-expected data on US manufacturing. However, unlike other currencies, the yen fell due to dovish remarks from BoJ Governor Kazuo Ueda. US manufacturing activity (Source: ISM) Data on Friday revealed a contraction in US manufacturing in February. Additionally, factory employment fell to a 7-month low. Read More…
