The US dollar index hovered around 103.7 on Monday, hovering close to five-month lows as trade uncertainties and mounting economic concerns in the US weighed on the currency.
Data released on Friday showed that US consumer confidence dropped to an over two-year low in March and inflation expectations soared as President Donald Trump's escalating tariffs stoked economic concerns.
Investors now await US retail sales data on Monday to gain insight on consumption trends. Markets also looked ahead to the latest Federal Reserve policy decision on Wednesday, where it is widely expected to hold interest rates steady.
Externally, the dollar faced downward pressure from the euro after Germany agreed on a fiscal deal that could boost defense spending and revive growth in Europe's largest economy.
Source: Trading Economics
A Bloomberg gauge of the dollar rose late in New York trading alongside Treasury yields as investors look to the release of CPI data this week to gauge the Fed's rate-cutting path. Earlier, the yen ra...
The dollar hit a seven-week low on Tuesday as investors braced for revised US data that could indicate the labor market is in worse shape than initially estimated, strengthening the likelihood of a de...
The US Dollar Index (DXY), which tracks the greenback against six major currencies, attempted to strengthen during the European session on Tuesday after hitting a fresh six-week low near 97.30 the pre...
Investors could close out early bets on the dollar if upcoming US inflation data prompts the market to reduce expectations of a Federal Reserve rate cut, Rabobank's Jane Foley said in a note. Commodit...
The U.S. dollar fell sharply against major peers on Friday after crucial monthly jobs data showed that American employers hired fewer workers than expected, which affirms weakening labor market condit...
U.S. President Donald Trump has urged European Union officials to levy tariffs of up to 100% on China and India as part of a strategy to pressure Russian President Vladimir Putin, Reuters reported on Tuesday, citing a U.S. official and an EU...
Gold prices are currently stable, hovering slightly below their record high. The precious metal is trading near $3,623 per ounce, after previously touching over $3,674 on Tuesday. Gold's movement was influenced by US employment data, which was...
Japanese shares rose on expectations of expansionary fiscal policies even as the country's ruling party is set to hold a leadership contest and find a replacement for outgoing Prime Minister Shigeru Ishiba. Sentiment was also...
The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on...
Russian forces attacked a thermal power plant in the Kyiv region as part of an overnight attack, Ukraine's Energy Ministry said on Monday,...
Wall Street kicked off the week with gains on Monday as investors positioned ahead of a data-heavy week that includes two key inflation reports...
European shares finished higher on Monday, while French stocks also rose as investors stayed calm in the run-up to a no-confidence vote later in the...