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 discussed potential security guarantees for Kyiv and announced follow-up meetings involving Russian and Ukrainian leaders, which he will later on attend. Ukrainian President Volodymyr Zelenskiy said Ukraine has offered to purchase about $90 billion worth of US weapons as part of the guarantees, with details expected to be finalized within ten days.
On the monetary policy front, markets are also looking ahead to the Federal Reserve's annual Jackson Hole symposium later this week for signals on the path of interest rates. Fed Chair Jerome Powell is scheduled to discuss the economic outlook and the central bank's policy framework. The dollar recorded its strongest gains against the euro and the yen.
Source; Trading Economics
The US dollar held strong tonight after posting sharp gains throughout the week, although it has begun to correct slightly amid global stock market volatility. The US Dollar Index briefly touched a ne...
The U.S. dollar edged higher Wednesday, with this safe haven helped by the fragile nature of global confidence, although gains are limited ahead of the release of the much-anticipated delayed U.S. job...
The US dollar strengthened slightly in trading on Tuesday evening in Asia (November 18th), holding within the 99.4–99.6 range after a moderate rally in the previous two sessions. Real-time data showed...
The US dollar index held steady around 99.5 on Tuesday (November 18), halting the moderate gains recorded over the previous two sessions, as traders remained cautious and refrained from taking large p...
The dollar rose versus all Group-of-10 peers except the Swedish krona, and stayed in tight ranges on aggregate, as traders waited for a new set of US economic data this week. The Bloomberg Doll...
The Dow Jones Industrial Average rebounded on Friday after New York Federal Reserve President John Williams suggested the central bank could cut interest rates yet again this year. The blue-chip index gained 529 points, or 1.2%. The Nasdaq...
EUR/USD posts moderate losses during the North American session on Friday as the US Dollar (USD) holds firm after the release of mixed economic data and dovish comments by Federal Reserve (Fed) officials. The pair trades at 1.1504, down 0.20%,...
U.S. factory activity slowed to a four-month low in November as higher prices because of tariffs on imports restrained demand, leading to a piling up of unsold goods that could hinder growth in the overall economy. Relief for manufacturers is...
A divided Federal Reserve cut interest rates last month even as many policymakers cautioned that lowering borrowing costs further could risk...
US stocks finished higher on a volatile Wednesday session, reversing some of the sharp selling from the prior four sessions as markets digested a...
Asian chip stocks opened higher on Thursday after Nvidia reported better-than-expected results and provided a highly optimistic outlook, reinforcing...
The Minutes of the United States (US) Federal Reserve's (Fed) October 28-29 monetary policy meeting will be published on Wednesday at 19:00 GMT. The...