Most currency futures were on the back foot on Friday as the dollar whiplashed after a mixed monthly jobs report. The greenback ended higher as labor market data further eased fears of a recession and pointed to a gradual Fed rate cutting cycle. Last week, the US released several economic reports that gave an ambiguous Read More…
Currency futures fell on Friday after US data solidified bets for a smaller 25 bps September Fed rate cut, boosting the US dollar. Data throughout last week showed that the US economy remains resilient, dismissing fears of a recession. Fed rate cut bets (Source: Bloomberg) The dollar had a bullish day on Friday after the Read More…
Currency futures soared on Friday as the dollar plunged after Powell said the Fed was ready to adjust policy. Powell’s speech conveyed that the Fed was ready to start lowering borrowing costs to ensure a steady labor market. However, by Monday, most currencies eased slightly as investors took profits. After a whole week of anticipation, Read More…
Currency futures rose on Friday and Monday as the dollar retreated amid profit-taking. At the same time, the US currency fell at the end of the week as markets raised the chances of a 25 bps September Fed cut. On Thursday, the greenback had soared after sales data showed a robust economy. Last week, the Read More…
Currency futures rose on Friday as the dollar retreated after three sessions of gains. It extended this move at the start of the new week. Moreover, the greenback had a slightly bearish week but closed well above its lows as Fed rate cut expectations eased. After a volatile week, the dollar eased on Friday as Read More…
Currency futures gained on Friday as the dollar fell after a downbeat jobs report raised the likelihood of a 50-bps Fed rate cut in September. However, the tides had shifted by Monday morning, and the dollar was on the front foot. Investors bought safe-haven assets, including the dollar and the yen, amid economic and geopolitical Read More…
