Currency futures fell as the dollar rose amid increased safe-haven demand due to political uncertainty in the Eurozone. However, some currencies, like the Canadian dollar, defied this trend due to upbeat domestic data. It was a bearish week for the euro as investors dumped the currency after the announcement of a snap French election. French Read More…
Currency futures fell on Friday as the dollar rallied after the US jobs report revealed a still-tight labor market. Most major currencies fell against the greenback as investors scaled back expectations for the Fed’s rate cut. US job growth (Source: Bureau of Labor Statistics) Dollar bulls returned to the market on Friday, cheering a bigger-than-expected Read More…
Currency futures ended higher as the dollar retreated after data revealed a slight cooling of inflation in the US. Economic data from regions like Japan and the Eurozone also affected currency futures. The US dollar had its first monthly decline in May due to lower-than-expected inflation. The first three months of the year saw the Read More…
Currency futures rose on Friday as the dollar pulled back from its recent highs amid profit-taking. However, the outlook for the greenback remains bullish, given the better-than-expected economic reports from the US. US data in the last week has shown that the economy remains resilient despite high interest rates. Consequently, traders have dialed down expectations Read More…
Currency futures rose on Friday as the dollar fell amid rate cut speculation after the US consumer inflation report. However, policymakers maintained a slightly hawkish tone, putting a floor on further declines in the dollar. Dollar index (Source: Bloomberg) Last week, the US released several economic reports that led to an increase in Fed rate Read More…
Currency futures dropped on Friday as the dollar gained strength on higher US inflation expectations. At the same time, investors absorbed comments from Fed policymakers regarding interest rates. Meanwhile, US consumer sentiment fell. Data on Friday from the University of Michigan revealed a decline in consumer sentiment. The figures came in at 67.4 in May, Read More…
