The US dollar index fell to around 97.3 on Thursday, marking its second consecutive day of losses as investors pivoted toward riskier assets amid a broad rally in stocks and commodities.
The greenback also came under pressure from a sharp drop in Treasury yields, driven by strong demand in Wednesday's 10-year note auction.
On the policy front, minutes from the Federal Reserve's latest meeting revealed that most officials were open to cutting interest rates later this year.
Despite the overall decline, the dollar surged more than 2% against the Brazilian real after President Donald Trump announced a 50% tariff on Brazilian imports, citing an "unfair trade relationship."
Trump also issued tariff notices to eight other countries, namely the Philippines, Brunei, Moldova, Algeria, Iraq, Libya, and Sri Lanka, with duties ranging from 25% to 30%, effective August 1. Markets now turn their attention to potential trade agreements with India and the European Union.
Source: Trading Economics
The US dollar held steady early in the Asian session after the PPI data fell 0.1% in August, reinforcing expectations that the Fed would cut interest rates next week. The Dollar Index edged up to 97.8...
The US dollar held steady on Wednesday (September 10th) ahead of US inflation data this week that could help shape the Federal Reserve's policy outlook, while tense geopolitical conditions supported c...
The dollar index held around 97.8 on Wednesday after firming in the prior session, as investors awaited key inflation reports that could influence the Federal Reserve's policy stance. The producer pr...
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...
GBP/USD rebounds from session lows and trades marginally higher on the day above 1.3550. The renewed selling pressure surrounding the USD following the inflation and Jobless Claims data help the pair gain traction in the American session. Although...
United States (US) President Donald Trump and his administration have formally asked the federal appeals court to pause a federal order that would allow Lisa Cook to remain at her post at the Federal Reserve (Fed) pending an official probe into...
Gold price trimmed some of its earlier losses on Thursday, yet it remains negative in the day, down over 0.14% as the latest print of consumer inflation was aligned with estimates. Nevertheless, jobs data outweighed August's Consumer Price Index...
The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday...
Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), fell to 2.6% annually in August from 3.3% in...
The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark...
Poland shot down a drone in its airspace on Wednesday with the support of military aircraft from its NATO allies. This is the first time a member of...