Currency futures opened the week with strong footing amid the mounting fiscal pressure from the US and growing consensus on the Fed’s rate cuts this year. The US dollar fell broadly against major counterparts in the futures markets, led by declines in the DXY and gains in Euro, Pound, Aussie, CHF and JPY futures. Read More…
Currency futures soared against the dollar on Monday after Moody’s downgraded the US government’s credit rating. However, the dollar ended last week higher amid easing trade tensions and cooling fears of a US recession. Currency futures gained on Monday as the dollar collapsed after Moody’s credit rating downgrade intensified worries about US debt. Moody’s cut Read More…
Currency futures strengthened against the dollar on Friday but closed well below their daily highs. The move continued at the start of a new week as market participants geared up for the FOMC policy meeting. Last week, the dollar rallied as trade tensions between the US and its partners eased. Trump took big steps to Read More…
Currency futures extended last week’s decline as the dollar ended its first week of gains in a while. The US dollar strengthened as trade tensions between China and the US began to fade. As a result, risk appetite improved, and demand for safe-haven currencies, such as the yen and the Swiss franc, decreased. At the Read More…
Currency futures gained on Friday as the dollar ended the week lower amid recession worries and a loss in its safe-haven appeal. Trump’s tariff moves during the week escalated the trade wars between China and the US. At the same time, the on-and-off tariff moves hurt investor confidence in the US administration. Dollar index (Source: Read More…
Currency futures were mixed on Monday, with most currencies holding steady and risk-sensitive currencies vulnerable after fresh lows hit last week. The moves came after the US imposed reciprocal tariffs on most of its trading partners, escalating the global trade war. Currency futures had a volatile week after Trump imposed new tariffs on many more Read More…
