The US dollar rebounded on Friday after experiencing significant declines in the previous sessions. Investors were consolidating their losses before the weekend. However, the overall trend of the dollar remained negative. The Fed contributed to this downward trajectory as it is near the end of its rate hike cycle due to weakening inflation. Bloomberg dollar Read More…
Tag: currency futures
Currency Futures Climb After Indications of Weakness in the US Labour Market
Currency futures rose on Friday as the dollar dropped due to indications of a weaker US labor market. This weakness diminished expectations of the Fed maintaining higher interest rates. At the same time, concerns over the 10-year Treasury yield surpassing 4% led to a surge in the yen. US employment (Source: Bureau of Labor Statistics) Read More…
Currency Futures Rise as US Consumer Spending Slows
On Friday, currency futures rose as the dollar decreased after gaining for two consecutive days. This drop resulted from economic data indicating decreased consumer spending, which raised doubts about the Federal Reserve’s aggressive approach to combating inflation. US PCE price index (Source: Bureau of Economic Analysis) According to the Commerce Department, consumer spending rose slightly Read More…
Currency Futures Decline as Dollar Climbs on Safe-Haven Appeal
Currency futures fell on Friday as the dollar rose on safe-haven appeal. The dollar gained strength against the euro due to disappointing global business activity data, negatively affecting risk sentiment. Additionally, hawkish statements from central banks added pressure on riskier currencies. In June, US business activity experienced a decline, reaching a three-month low. Survey data Read More…
Currency Futures Mixed After Multiple Central Bank Meetings
Currency futures closed mixed on Friday after a week full of policy decisions. The Japanese yen weakened against the greenback, reaching its lowest point in six months. The Bank of Japan, as anticipated, maintained its short-term rate target of -0.1% and its 10-year bond yield cap of 0%. Despite higher-than-expected inflation, the central bank continued Read More…
Currency Futures Fall as Dollar Recovers Ahead of US Inflation and the Fed Meeting
Currency futures fell as investors awaited inflation data and the Federal Reserve’s interest rate decision. At the same time, the dollar rebounded from its two-week lows on Friday. The Federal Reserve will likely keep rates unchanged at its June 13-14 meeting. Still, it will likely maintain a hawkish stance and suggest a possible rate hike Read More…