Chinese PMI disappoints the market, US dollar grabs a strong bid

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Weak global activity data sends US dollar to six-month high, Aussie skids By Reuters

© Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/file photo By Alun John and Brigid Riley TOKYO/LONDON (Reuters) – Jitters about global growth, particularly in China, caused the safe-haven U.S. dollar to hit multi-month highs on the Japanese yen, euro and pound on Tuesday and sent the dollar

Dollar edges lower; Fed meeting looms large By Investing.com

© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Monday, in thin holiday-affected volumes as traders continued to digest last week’s mixed U.S. jobs report and the possible impact on thinking at the Federal Reserve ahead of this month’s policy-setting meeting.  At 02:55 ET (06:55 GMT), the Dollar Index, which tracks

Dollar slips in thin holiday trading on bets Fed is done with rate rises By Reuters

© Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo/ By Ankur Banerjee and Joice Alves SINGAPORE/LONDON (Reuters) – The dollar edged lower on Monday, with U.S. markets closed for a holiday, as investors weighed U.S. jobs data that showed some signs of cooling, boosting bets

Dollar loses a bit of ground to start the session

And that is weighing on the dollar slightly, but nothing too significant. Of note, it is the euro and pound which are advancing just a touch more against the dollar after having previously stuck in narrow ranges in Asia. EUR/USD was holding in a 13 pips range earlier but is now extending that to roughly

Asia FX muted, dollar cools as Fed rate hike fears ease By Investing.com

© Reuters. Investing.com– Most Asian currencies kept to a tight range on Monday, while the dollar fell slightly as mixed U.S. jobs data cemented bets that the Federal Reserve will keep rates steady this month, with focus now turning to more economic cues from China. While data released on Friday read more than expected, the

Australian Dollar Steadies Ahead of RBA and GDP. Will AUD/USD Get a Grip?

Australian Dollar, AUD/USD, RBA, Lowe, Bullock, AU GDP, ASEAN, Range Trade – Talking Points The Australian Dollar bounced off some trend lines last week The RBA appears certain to be on hold tomorrow as the guard prepares to change GDP data and China relationships may provide some impetus. Higher AUD/USD? Recommended by Daniel McCarthy How

US Dollar, Gold, Crude Oil, AUD/USD, USD/CAD, RBA, BoC

Recommended by Daniel Dubrovsky How to Trade Gold The US Dollar broadly underperformed against its major counterparts this past week, with gold prices seeing a strong rally. A root cause of this was somewhat disappointing economic data from the world’s largest economy. That contributed to financial markets increasingly pricing in a less dovish Federal Reserve