The dollar index held below 106 on Friday, following a decline in the previous session, as investors braced for a key jobs report that could influence the Federal Reserve's decision on interest rates in December.
The November nonfarm payrolls report is expected to show a gain of 200,000 jobs, with a weaker-than-expected number potentially fueling speculation of a rate cut.
Meanwhile, data released on Thursday showed that initial jobless claims rose more than anticipated, hitting 224,000, signaling a potential cooling in the labor market.
Markets are now pricing in a 71% chance of a 25 basis point rate cut this month, up from 66.5% a week ago. While the dollar posted losses against most major currencies, it gained against the Australian dollar, boosted by rising expectations for an early rate cut from the Reserve Bank of Australia. For the week, the dollar index is on track to end relatively unchanged.
Source: Trading Economics
The US Dollar (USD) is mixed against its major currency peers. The USD is up a little against the GBP, JPY, AUD and NZD but has lost marginal ground against the EUR, CAD and CHF as trading here gets g...
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after losing more than 0.50% in the previous session and trading at around 97...
The dollar traded in a tight range on Tuesday after a brief fall at the start of the week, as investors watched out for any progress on trade talks ahead of an August 1 deadline for countries to strik...
The US dollar (USD) started the week weaker, weakening against other major currencies in trading on Monday (July 22). Investors reacted to renewed trade tensions ahead of the August 1 deadline and gen...
The US Dollar (USD) kicks off the week on the back foot, slipping against major currencies in Monday trading. Investors are reacting to renewed trade tensions ahead of the August 1 deadline and a gene...
Foreign investors are increasingly uneasy about U.S. monetary policy after President Donald Trump's public criticism of Federal Reserve Chair Jerome Powell, according to Yardeni Research. Though Trump recently said it was "highly unlikely" he...
U.S. Treasury Secretary Scott Bessent said on Tuesday that he will meet his Chinese counterpart next week and discuss what is likely to be an extension of an August 12 deadline for higher tariffs. Bessent told Fox Business that trade with China...
The Pound Sterling (GBP) demonstrates stability against its major peers on Tuesday, with investors awaiting preliminary United Kingdom (UK) S&P Global Purchasing Managers' Index (PMI) data for July, scheduled for release on Thursday. Investors...
Asia-Pacific markets traded mixed Monday, as investors keep a close watch on the People's Bank of China's decision on its 1-year and 5-year loan...
European stocks opened the week on a cautious note, with both the STOXX 50 and STOXX 600 hovering near the flatline as investors closely monitor...
European stocks posted slight declines on Monday (July 21st) as markets continued to assess the trade outlook in the European Union. The Eurozone...
The US has signaled it will not relax its August 1 deadline for higher tariffs against the European Union as the bloc struggles to reach a deal on...