The dollar index hovered around 97.8 on Monday as investors awaited a pivotal meeting in Washington between US President Donald Trump and Ukrainian President Volodymyr Zelenskiy, while also looking ahead to the Federal Reserve's Jackson Hole symposium later this week.
Trump said he would press Zelenskiy to reach a quick settlement following his Friday talks with Russian President Vladimir Putin. While the meeting did not produce a ceasefire breakthrough, Putin agreed to allow the US and Europe to provide Ukraine with robust security guarantees as part of a potential deal to end the war.
In monetary policy, markets are pricing in an 84% chance of a 25 basis point Fed rate cut in September, though stronger-than-expected producer inflation and retail sales have reduced the likelihood of a larger 50 basis point move. Fed Chair Jerome Powell is expected to provide further guidance at Jackson Hole.
Source: Trading Economics
The dollar index climbed above 98.2 on Tuesday, extending the previous session's gains as investors focused on a pivotal summit between President Donald Trump and European leaders aimed at ending the ...
The dollar strengthened on Monday (August 18th) ahead of a meeting between US President Donald Trump and his counterparts from Ukraine and Europe, while attention was also focused on the Federal Reser...
The dollar steadied on Monday ahead of a key meeting between U.S. President Donald Trump and his Ukrainian counterpart Volodymyr Zelenskiy, while investors also looked ahead to the Federal Reserve's J...
The dollar slipped on Friday as a data-heavy week wound down, keeping the case for a September Federal Reserve interest rate cut intact, while traders awaited talks in Alaska between U.S. President Do...
The U.S. dollar slipped on Friday as investors remained cautious about the rate outlook ahead of import price data, after recent figures suggested inflation could accelerate in the coming months. The...
On the fundamental side, Brent oil prices fell slightly this morning to around $66.25 per barrel, fueled by optimism about the potential de-escalation of the Russia-Ukraine conflict through trilateral talks between Trump, Zelenskiy, and Putin. The...
The Hang Seng Index opened 64 points higher, or 0.25 per cent, at 25,241 points yesterday. Meanwhile, the China Enterprises Index rose 20 points, or 0.22 per cent, to 9,054 points, and the Technology Index gained 13 points, or 0.23 per cent, to...
The dollar index climbed above 98.2 on Tuesday, extending the previous session's gains as investors focused on a pivotal summit between President Donald Trump and European leaders aimed at ending the war in Ukraine. During the talks, Trump...
Asia-Pacific markets traded mixed Monday , after the U.S.-Russia summit concluded without a ceasefire.
Japan's Nikkei 225 benchmark rose 0.62%,...
The Trump administration has expanded its 50% tariffs on steel and aluminum imports to cover hundreds of additional products. In a Federal Register...
U.S. President Donald Trump claimed on Monday that he "knows exactly" what he's doing regarding the Russia-Ukraine conflict, while criticizing those...
United States (US) President Donald Trump announced an ongoing desire to resolve the ongoing Russia-Ukraine war during a joint press conference with...