US Dollar Weakens Ahead of ECB decision and US Q2 GDP Data

US Dollar (DXY) Analysis USD barely budges after the FOMC announcement as traders require more convincing around another rate hike. Dollar weakness seen this morning ahead of ECB Large speculators, hedge funds positioning suggests greater USD pessimism Major risk events: US Q2 GDP and PCE inflation data The analysis in this article makes use of

Dollar edges lower, continuing the Fed-inspired weakness By Investing.com

© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Thursday, adding to the previous session’s losses in the wake of the Federal Reserve’s latest meeting, while the euro climbed ahead of the European Central Bank’s expected rate hike. At 02:55 ET (06:55 GMT), the , which tracks the greenback against a

US Second-Quarter GDP Growth Shatters Estimates, Boosting Yields and the Dollar

SECOND-QUARTER USD GDP KEY POINTS: The U.S. economy grew at an annualized rate of 2.4% in the second quarter, well ahead of expectations of 1.8% Personal consumption expenditures, the main driver of economic activity, decelerated to 1.6%, but remained elevated by historical standards Better-than-expected data pushed U.S. Treasury yields higher, boosting the U.S. dollar Recommended

Dollar tumbles as Fed hike seen as its last; markets await ECB By Reuters

© Reuters. U.S. Dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Samuel Indyk and Rae Wee LONDON (Reuters) – The dollar extended losses on Thursday, a day after the Federal Reserve delivered what some expect to be its last rate hike, while the market’s focus shifted across the Atlantic

Asia FX rises as dollar sinks after Fed rate hike By Investing.com

© Reuters. Investing.com — Most Asian currencies rose on Thursday, benefiting from weakness in the dollar after the Federal Reserve hiked interest rates as expected, but also downplayed expectations for a U.S. recession this year. The central bank flagged improvements in U.S. inflation, and also said that future rate hikes will be dependent on economic

Dollar slump, overcrowding complicate popular FX carry trade By Reuters

© Reuters. FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Harry Robertson, Alun John and Ankur Banerjee LONDON/SINGAPORE (Reuters) – A slide in the dollar and signs that volatility is returning to foreign exchange markets as interest-rate hikes bite is causing investors to reassess

Fed Hikes Rates After Short Pause, Gold and US Dollar Forge Separate Paths

FOMC DECISION KEY POINTS The Federal Reverse voted to raise interest rates by 25 basis points to 5.25%-5.50%, the highest level in 22 years The decision to resume the tightening campaign was widely expected by market participants Gold and the U.S. dollar go separate ways following the central bank’s decision ahead of Powell’s press conference