The US dollar index remained under pressure below 99 on Thursday, as investors awaited fresh labor market data that could shape expectations for future Federal Reserve policy moves.
Markets are focused on Thursday's weekly jobless claims and Friday's closely watched nonfarm payrolls report. The greenback came under renewed selling pressure on Wednesday after a string of disappointing economic indicators raised concerns about the strength of the US economy.
Notably, the ADP employment report showed the private sector added just 37K jobs in May—well below forecasts and marking the weakest reading in over two years.
Meanwhile, the ISM services PMI signaled contraction in May for the first time in nearly a year, reflecting a steep decline in new business and rising input costs likely exacerbated by recent tariff increases.
Adding to the pressure, President Trump continued to call for interest rate cuts, though Fed officials have so far signaled a cautious stance amid elevated uncertainty.
Source: Trading Economi
The dollar extended its gains for a third day on Wednesday, its longest winning streak since September 19. Most G-10 currencies weakened on the day, with the Canadian dollar outperforming the rest. T...
The dollar continued its strengthening for a second day, pressuring all G-10 currencies; the Japanese yen slumped for a fourth session to its weakest level since March before paring losses. The Bloom...
The US Dollar Index (DXY) continued its strengthening for a second day and briefly hovered around 98.20 during the Asian session, driven by hawkish comments from Kansas City Fed President Jeffrey Schm...
The dollar headed for its worst week since late July on Friday (October 3rd) as the US government shutdown heightened uncertainty, while the yen weakened from this week's high as traders considered th...
The dollar weakened near a one-week low on Thursday as traders weighed the impact of the US government shutdown, while poor jobs data raised expectations that the Federal Reserve would cut interest ra...
Gold fell slightly after breaking its all-time record above $4,000/oz. At the start of Thursday's Asian session, prices fell ±0.7% to around $4,015 after rising 1.4% the previous day. Technical indicators pointed to overbought conditions for nearly...
Oil fell for the first time in five sessions, as traders focused on the prospect of cooling tensions in the Middle East and higher US inventories. West Texas Intermediate fell below $62 a barrel, with Brent crude closing above $66. US...
The latest minutes from the Federal Reserve's September meeting suggest policymakers are leaning toward further rate cuts this year. While most officials backed the quarter-point reduction, the discussion reflected growing concern about labour...
Asian stocks surged to new highs, led by Japan's Nikkei 225, which surged more than 4% following the election of pro-stimulus lawmaker Sanae...
Hamas officials were in Egypt on Monday (October 6th) ahead of talks with Israel that the US hopes will lead to an end to the war in Gaza and the...
The S&P 500 and Nasdaq Composite closed at record highs on Monday, spurred by optimism about increased mergers and acquisitions activity after...
Euro Area Stock MarketEuropean stocks closed mostly lower on Monday as fresh political turmoil in France rekindled concerns of fiscal instability...