The U.S. Dollar Index slumped to 98.8 on Wednesday, near a six-week low of 98.6 hit on Tuesday, as a batch of weak economic data raised fresh concerns about the U.S. outlook.
The latest ISM services PMI showed the sector contracted in May for the first time in nearly a year, dragged down by a sharp decline in new business and a surge in input costs, likely driven by new tariffs. Separately, ADP data showed private employers added just 37,000 jobs in May, the slowest pace since March 2023 and well below the 115,000 forecast.
In contrast, Tuesday's JOLTs report showed job openings unexpectedly rose to 7.39 million in April, beating estimates of 7.1 million. Markets are now focused on Friday's nonfarm payrolls report for further guidance on the Federal Reserve's policy path. While President Trump continues to press the Fed to cut interest rates, officials have so far favored a cautious approach amid rising trade uncertainty. (alg)
Source: Trading Economics
The dollar index was little changed around 98.8 on Tuesday, as traders avoided making major moves ahead of the FOMC meeting, with the Federal Reserve widely expected to announce another 25-basis-point...
The dollar weakened on Tuesday ahead of a series of central bank meetings that are likely to lead to interest rate cuts in the US and as investors continued to monitor President Donald Trump's visit t...
The US dollar is moving steadily upward, still on track for a slight increase for the week. The market is awaiting the release of the delayed US inflation figures, and most market participants believe...
Dollar picks up slightly with CPI release in focus The U.S. dollar drifted higher Thursday as traders weighed up fresh trade threats between Washington and Beijing, ahead of the release of key inflat...
US Dollar (USD) consolidates within a narrow range as markets await September CPI and October PMI, while the ongoing US government shutdown adds pressure on growth and the Fed hints at year-end rate c...
China has confirmed that President Xi Jinping will meet with US President Donald Trump in South Korea on Thursday. The meeting is a highly anticipated one that traders and investors on both sides of the Pacific hope will ease months of trade...
Gold rebounded more than 1% on Wednesday (October 29th) as investors found the precious metal attractive after prices fell to a three-week low in the previous session, while the Federal Reserve's interest rate cut decision and Chairman Jerome...
Brent oil fell again on Wednesday (October 29th) as the market monitored that supply was still too much for demand. Investors began to doubt that new US and European sanctions on major Russian oil companies would actually cut supply, as Russia can...
Asian stock markets opened higher on Wednesday (October 29th), buoyed by positive sentiment from Wall Street. Investors are confident that the...
The European session on Tuesday, October 28, 2025, opened on a more cautious note. After consecutive rallies and a new record on the STOXX 600...
European stocks continued to strengthen on Monday, October 27, 2025, as markets grew more confident after the US and China announced they had a...
Federal Reserve policymakers are widely expected to reduce U.S. short-term borrowing costs this week by a quarter of a percentage point for the...