On Friday, currency futures dropped as the dollar remained stable following mixed data from the world’s largest economy. Moreover, the dollar gained nearly 1.1% for the week, marking its best weekly rise since mid-July. The euro weakened slightly against the dollar. This decline ended a three-week streak of increases. Meanwhile, the pound weakened slightly after Read More…
On Friday, currency futures pulled back from recent highs as Federal Reserve Bank of New York President John Williams opposed market expectations for a rate cut. At the same time, the dollar strengthened. However, it still had its worst weekly performance in a month. Dollar risk reversal (Source: Bloomberg) The dollar’s decline last week followed Read More…
On Friday, the US dollar strengthened as new data revealed increased US job growth, pushing currency futures down. Moreover, there was a drop in the unemployment rate for November, indicating robustness in the labor market. US employment change (Source: Bureau of Labor Statistics) The Labor Department’s Bureau of Labor Statistics reported an addition of 199,000 Read More…
On Friday, currency futures rose while the dollar declined after Federal Reserve Chair Jerome Powell expressed caution about further interest rate moves. Investors perceived Powell’s comments as dovish, anticipating that the Fed is done raising rates. Powell acknowledged that US monetary policy is slowing the economy, with the benchmark overnight interest rate in restrictive territory. Read More…
On Friday, currency futures rose on upbeat data while the dollar fell after US business activity data. However, currencies traded within a narrow range as US markets closed early following Thanksgiving. In November, US business activity remained stable. However, the private sector witnessed its first decline in almost three-and-a-half years, aligning with predictions of a Read More…
Currency futures rose on Friday while the dollar experienced its second-largest weekly decline against major currencies this year. Concerns about the global economic outlook are growing. At the same time, cooler-than-expected US inflation data on Tuesday and Wednesday increased market expectations for an earlier Fed rate cut. This potential move, expected as early as the Read More…
