Currency futures strengthened on Friday as the dollar paused its recent rally, ending the week lower. The dollar has been climbing for two months as markets scale back expectations of Fed rate cuts. Initially, investors had expected the first rate cut to occur in March this year. However, US economic data has consistently come in Read More…
Currency futures rose on Friday, despite a higher-than-expected reading in the US PPI report. Meanwhile, the dollar closed lower on Friday after rallying during the week as traders pushed back expectations for rate cuts. US wholesale prices (Source: Bureau of Labor Statistics) The Producer Price Index was the second report of the week, showing much Read More…
Currency futures rose on Friday as the dollar fell after data showed inflation rose less than reported in December. However, this revision failed to change the outlook for rate cuts in the US. Additionally, it became clear that inflation rose more than previously reported in October and November. Meanwhile, the dollar closed the week with Read More…
Friday was a down day for currency futures as the dollar rallied to a seven-week high after upbeat employment data. Investors were surprised after the US non-farm payroll figures were much higher than expected. As a result, there is an even lower chance that the Fed will start cutting rates in March. US jobs (Source: Read More…
On Friday, currency futures rose slightly, with the dollar dipping as December’s inflation data showed a modest rise but indicated a downward trend. This will likely prompt the Fed to cut interest rates by mid-year. Trading slowed in the afternoon before the weekend, with investors preparing for a busy week ahead. The US will release Read More…
Currency futures were mixed on Friday amid varied economic reports. At the same time, the dollar ended its recent winning streak. Still, it was a bullish week for the dollar because Fed rate cut bets went down with more positive data and hawkish remarks from Fed officials. US consumer sentiment (Source: University of Michigan) The Read More…
