Currency futures extended gains on Monday as the dollar fell amid increased pressure on the Federal Reserve to lower borrowing costs. Downbeat employment figures on Friday sent the dollar down against its peers. Meanwhile, market participants are gearing up for crucial US consumer inflation data later in the week. Dollar Index (Source: Bloomberg) The US Read More…
Currency futures edged higher on Monday as Fed rate cut bets remained elevated after Friday’s inflation figures. However, traders were cautious at the start of the week, as the US will release its pivotal monthly employment figures. Dollar monthly change (Source: Bloomberg) The dollar ended last month lower due to a surge in expectations for Read More…
Currency futures ended the last week in a volatile fashion as traders reacted to Fed Chair Powell’s dovish remarks at the Jackson Hole Symposium. Powell emphasized that though the inflation risk remains, the Fed’s preference is to stabilize the labor market. It signaled a rate cut as early as September. His balanced but cautious tone Read More…
Currency futures eased on Monday as the dollar gained ahead of a meeting between Trump and Ukraine’s Zelensky. The high-stake meeting has increased demand for the safe-haven dollar and hurt risk appetite. Meanwhile, market participants are looking forward to key events this week, including the Jackson Hole symposium. Last week, the dollar collapsed while currency Read More…
Currency futures were mixed on Monday after having a strong week amid dollar weakness. The dollar fell last week as Fed rate cut expectations rose due to poor economic data and Trump’s Fed nominations. Meanwhile, market participants kept from making large moves on Monday as they awaited the crucial US consumer inflation report. Dollar Index Read More…
Currency futures held onto gains from the previous session on Monday despite a slight recovery in the dollar. Most ended Friday with gains after the US released a poor monthly employment report that led to a surge in Fed rate cut expectations. US jobs (Source: Bureau of Labor Statistics) The nonfarm payrolls report on Friday Read More…
