Friday, 19 April 2024
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EURO

Surging Dollar Set for Weekly Gain as US Data, Fed Push Back on Rate Cuts
Friday, 19 April 2024 15:24 WIB | Us dollar

The resurgent dollar headed towards a second straight week of gains on Friday as a hotter-than-expected U.S. economy has pushed back investors' and policymakers' expectations of the trajectory of Federal Reserve rate cuts this year. The greenback's 0.17% gain for the week was somewhat capped by a...


Dollar Takes a Breather as Investors Ponder US Rates Outlook
Thursday, 18 April 2024 15:52 WIB | Us dollar

The dollar was soft on Thursday as traders assessed the U.S. interest rates outlook in the wake of comments from Federal Reserve officials that cemented expectation of monetary settings remaining restrictive for a while longer. The dollar has been rising in recent weeks as a slew of strong U.S....


Dollar Steady, Yen Fragile after Fed Comments Dash Rate Cut Bets
Wednesday, 17 April 2024 15:48 WIB | Us dollar

The dollar was broadly steady on Wednesday, keeping the yen rooted near 34-year lows after comments from Federal Reserve officials, including Chair Jerome Powell, suggested U.S. interest rates are likely to stay higher for longer. Top U.S. central bank officials including Powell backed away on...


Dollar Firms after Hot Retail Sales, Yen Languishes; China Data Awaited
Tuesday, 16 April 2024 15:20 WIB | Us dollar

The dollar stood just off its highest since early November against a handful of peer currencies on Tuesday, raising intervention worries as the yen languished at its lowest level since 1990 following hotter-than-expected U.S. retail sales. Market focus was also on the Chinese yuan, with a slew of...


Dollar Stands Tall as US Rate-Cut Bets Recede
Monday, 15 April 2024 14:38 WIB | Us dollar

The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave support. The dollar went up 1.6% against a basket of six major currencies last week after a small but unnerving upside...


USD Holds Near Five-Month High, Yen Stabilizes
Thursday, 11 April 2024 21:21 WIB | Usd/jpy

A gauge of the dollar held near its highest level since November as repricing of the Federal Reserve’s interest-rate path continued after a hot US inflation print. The yen climbed after strong comments from top Japanese officials. The Bloomberg Dollar Spot Index advanced 0.1%; it gained...


Dollar Pauses Ahead of US Inflation Data, Yen Nears 1990 Lows
Monday, 8 April 2024 22:38 WIB | Us dollar

The dollar paused on Monday as investors trained their sights on U.S. inflation data later this week, while the yen slipped close to 34-year lows as traders remained on alert for any potential action in Tokyo to support the weakening currency. The dollar fluctuated last week as traders digested a...


Dollar Steady Ahead of Jobs Data; Yen Hits Two-Week High
Friday, 5 April 2024 15:32 WIB | Usd/jpy

The U.S. dollar held steady against peer currencies on Friday after rebounding from a two-week low, as traders braced for a key jobs report due later in the day and grew cautious over tensions in the Middle East. The yen, while still close to the 152 range, hit a two-week high against the...


Dollar Extends Losses as Traders Mull Fed Patience
Thursday, 4 April 2024 16:35 WIB | Us dollar

A gauge of the dollar modestly extended losses in Asia trading after a weak ISM Services report was followed by comments from Federal Reserve Chair Jerome Powell who reiterated that it will likely be appropriate to begin lowering interest rates “at some point this year.” Bloomberg...


EUR/GBP Drops To Near 0.8540 Following Dovish Comments From ECB's Policymakers
Friday, 29 March 2024 18:51 WIB | Eur/usd

EUR/GBP continues its downward movement, influenced by challenges facing the Euro following dovish comments from European Central Bank (ECB) policymaker Francois Villeroy. During the Asian session on Friday, the EUR/GBP cross depreciates to near 0.8540. Villeroy highlighted a notable decline in...


Dollar Advances as US Inflation Data Weighs on Rates Outlook
Friday, 15 March 2024 15:52 WIB | Us dollar

The dollar was firm on Friday and set to snap a three-week losing streak as hotter-than-expected U.S. inflation data stoked worries about when and by how much the Federal Reserve would start cutting interest rates this year. Data on Thursday showed the U.S. producer price index for final demand...


Currency Market Subdued Ahead of fresh US Economic Data
Thursday, 14 March 2024 15:03 WIB | Us dollar

The currency market was sedate on Thursday, with the U.S. dollar consolidating against major peers as market players awaited more data out of the world's largest economy for clues on the direction of Federal Reserve policy. Tuesday's hotter-than-expected U.S. consumer price index (CPI) has...


Dollar Steadies as Traders Weigh Hotter-than-Expected Inflation
Wednesday, 13 March 2024 15:28 WIB | Us dollar

The U.S. dollar held steady against a handful of rival currencies on Wednesday, as traders weighed what impact hotter-than-expected inflation data could have on chances of an interest rate cut at the Federal Reserve's June meeting. The U.S. consumer price index (CPI) increased solidly in...


Dollar Just Higher Ahead Of Payrolls; Euro Hands Back Some Gains
Friday, 8 March 2024 23:16 WIB | Us dollar

The U.S. dollar edged higher in early European trade Friday, but was still on course for a hefty weekly drop as Federal Reserve Chair Jerome Powell signaled lower interest rates in coming months, while the euro slipped back from recent highs after the European Central Bank meeting. At 04:15 ET...


Dollar Edges Lower Ahead Of Powell Testimony; Euro Helped By German Exports
Thursday, 7 March 2024 00:09 WIB | Us dollar

The U.S. dollar slipped lower in early European trade Wednesday, in cautious trading ahead of congressional testimony from Federal Reserve Chair Jerome Powell which should provide more cues on U.S. monetary policy. At 04:30 ET (09:30 GMT), the Dollar Index, which tracks the greenback against a...


Dollar Shows Resilience, Euro Higher Ahead Of CPI Release
Friday, 1 March 2024 23:01 WIB | Eur/usd

The U.S. dollar showed resilience in early European trade Friday, retaining the majority of overnight gains after the release of eagerly-anticipated U.S. inflation data, while the euro showed some strength. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of...


Dollar Firms, Euro Slips Ahead Of Key Inflation Data
Wednesday, 28 February 2024 22:58 WIB | Eur/usd

The U.S. dollar firmed in early European trade Wednesday, shrugging off signs of U.S. economic weakness ahead of the release of this week’s key inflation data as traders look for clues as to when the Federal Reserve will start cutting interest rates. At 04:00 ET (09:00 GMT), the Dollar Index,...


Dollar Droops as Key US Data Looms; Yen Firms on CPI Beat
Tuesday, 27 February 2024 15:22 WIB | Usd/jpy

The dollar traded on the back foot on Tuesday, as markets looked ahead to a week of key U.S. economic data that will provide fresh signals on how soon the Federal Reserve may begin cutting interest rates. The yen firmed slightly after figures showed consumer inflation stayed at the Bank of...


Dollar Firms Ahead of Busy Data Week With U.S. Inflation in Focus
Monday, 26 February 2024 16:53 WIB | Us dollar

The dollar was on the front foot on Monday ahead of a packed week filled with key economic releases that will provide further clues on the global interest rate outlook, with a U.S. inflation reading taking center stage. The core personal consumption expenditures, or PCE, price index - the Federal...


EUR/USD Consolidates Near 1.0730 Ahead of ECB President Lagarde's Speech
Thursday, 15 February 2024 16:17 WIB | Eur/usd

EUR/USD hovers around 1.0730 during the Asian session on Thursday, attempting to extend its gains for the second successive day. The downward pressure on the EUR/USD pair could be attributed to the subdued US Dollar (USD). The US Dollar Index (DXY) trades near 104.70 after the previous day's...



Fed's Powell: Restrictive Policy Needs Further Time to Work
Wednesday, 17 April 2024 00:53 WIB

Federal Reserve (Fed) Chairman Jerome Powell participates in a fireside chat about economic trends in North America at the Wilson Center's...

New US Home Construction Falls to Lowest Level Since August
Tuesday, 16 April 2024 19:46 WIB

New home construction in the US slowed last month as consumers try to wait out high mortgage rates in hopes borrowing costs will ease later this...

S&P 500 Closes Lower As Powell Warns Rates Need To Stay High, Dow Snaps 6-Day Losing Streak
Wednesday, 17 April 2024 03:10 WIB

The S&P 500 wavered on Tuesday after Federal Reserve chair Jerome Powell said interest rates may need to stay elevated. The broad index lost...

Market Review Wednesday, April 17, 2024
Thursday, 18 April 2024 03:20 WIB

Nikkei Japanese stocks fell, marking their biggest three-day drop since October, as investors continued to be on watch for any risk of currency...

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