The dollar rose on Monday amid a weaker euro and yen, as market participants continued to assess political tensions in France and a rebound in Treasury yields.
The Bloomberg Dollar Index rose as much as 0.5%, while the euro fell after a far-right French party threatened to overthrow the government amid a budget impasse. Futures on the Euro Stoxx 50 fell 0.9%, indicating a weak open. French bond futures fell.
The euro fell as much as 0.6%. The single currency may see further weakness after Governing Board member Martins Kazaks told broadcasters the European Central Bank should continue to cut borrowing costs.
Among the week's major global events, Fed Chair Jerome Powell is due to participate in a moderated discussion on Wednesday. U.S. jobs data is due Friday.
In Asia, stocks rose on signs of economic stabilization in China. Manufacturing activity in the world's second-largest economy expanded for a second straight month in November, a private survey showed on Monday.
Chinese data also supported oil prices. A stronger U.S. dollar led to a decline in gold prices.
The Bloomberg Dollar Spot Index rose 0.5%. The euro fell 0.5% to $1.0523. The Japanese yen fell 0.6% to 150.64 per dollar. The offshore yuan fell 0.5% to 7.2838 per dollar.
Source: Bloomberg
The US dollar and Treasury yields fell after Zions Bancorp and Western Alliance admitted to fraudulent lending to funds investing in troubled commercial mortgages. The Bloomberg Dollar Spot Index weak...
The U.S. dollar drifted lower Thursday on growing expectations of further interest rate cuts by the Federal Reserve this year, while signs of French political accord helped the euro. At 04:45 ET (08:...
The U.S. currency slipped lower following a speech by Jerome Powell on Tuesday, in which the Federal Reserve chair left the door open to further rate cuts by saying the U.S. labor market remained in t...
The U.S. dollar was choppy on Tuesday, as investors attempted to gauge the longevity of a flare-up in trade tensions between the U.S. and China. U.S. President Donald Trump has appeared to rein in hi...
The US Dollar found support at the 98.80 area after retreating from the mid-range of the 99.00s on Friday, following Trump's threat to impose 100% tariffs on China. The Index pared losses on Monday bu...
US stocks rose on Friday (October 17th) as investors reacted positively to President Trump's remarks alleviating concerns about further trade escalation with China, while regional bank stocks rebounded after Thursday's sharp declines. The S&P...
Oil prices posted a slight increase on Friday (October 17th), but were close to a weekly loss of nearly 3% after the International Energy Agency (IEA) forecast a widening oversupply, and U.S. President Donald Trump and Russian President Vladimir...
Gold prices (XAU/USD) fell 2% after hitting a record high of $4,379 on Friday (October 17th), falling below $4,250, triggered by comments by US President Donald Trump that triple-digit tariffs against China were unsustainable. At the time of...
Federal Reserve Governor Christopher Waller said on Thursday he's on board with another interest rate cut at the U.S. central bank's policy meeting...
Asian stock markets opened higher on Thursday morning (October 16th), following a positive close on Wall Street despite volatile trading. Stocks in...
US stocks closed higher on Wednesday, despite ongoing US-China trade tensions and the ongoing government shutdown. The S&P 500 rose 0.4%,...
Australia's unemployment rate jumped to 4.5% in September, its highest level since 2021. This figure was worse than expected and indicates that the...