Dollar hits 10-month high as US yields spike, yen recovers from dip By Reuters

© Reuters. U.S. Dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File photo By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The dollar rose to a new 10-month peak on Tuesday as U.S. bond yields hit their highest level since October 2007, while the Japanese yen recovered from an early

Dollar Hits 6.5-Month High as Central Banks Adjust Rates By Investing.com

© Reuters. The dollar reached a 6.5-month peak on Thursday, September 21, 2023, after the U.S. Federal Reserve signaled a continuation of its restrictive policy, even as it held rates steady. This comes as the Swiss franc fell following the Swiss National Bank’s decision to maintain unchanged rates, marking the first time it has not

VIX Back at Year-to-Date Low, Nikkei 225 Hits Two Month High

Market Recap Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy A significantly stronger-than-expected US August retail sales (0.6% month-on-month versus 0.2% forecast), along with firm expectations for a rate hold from the Fed next week, fed into some soft landing hopes overnight. Major US indices registered a new one-week

Asia FX muted, Chinese yuan hits 2008 low as U.S. tensions weigh By Investing.com

© Reuters. Investing.com– Most Asian currencies moved little on Friday as weak data from Japan ramped up concerns over slowing global economic growth, while the Chinese yuan slid to an over 15-year low against the dollar on renewed concerns over Sino-U.S. relations.  The fell 0.2% to 7.3443, its weakest level against the dollar since February

USD/JPY Hits Roadblock at Channel Resistance as GBP/JPY Treads Key Support Zone

Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter JAPANESE YEN FORECAST – USD/JPY TECHNICAL ANALYSIS USD/JPY rallied and rose to its highest level since November 2022 earlier in the week, but began to retreat after failing to clear channel resistance in

WTI hits YTD high of $85.57 amid supply cuts and strong demand

Share: Saudi Arabia expected to extend its 1 million bpd output cut into October. Russia agrees with OPEC to cut exports next month. Positive business activity reports from China improve the oil demand outlook. US unemployment rate rises, wage growth slows, potentially pausing interest rate hikes. Western Texas Intermediate (WTI), the US crude

US Dollar Crumbles; Unstoppable Nasdaq 100 Hits Key Level, Defying Gravity

MARKET RECAP The U.S. dollar, as measured by the DXY index, retreated on Wednesday, dragged lower by falling rates in the wake of disappointing economic numbers. U.S. Treasury yields have begun to retrench in recent days, as softer-than-expected macro-related statistics have reduced the likelihood of additional monetary tightening by the Federal Reserve. Earlier this week,

USD/JPY hits new YTD high amid Fed/BoJ monetary policy divergence

Share: USD/JPY surges to a new YTD high of 146.68, buoyed by Wall Street’s upbeat opening and dovish comments from BoJ Governor Kazuo Ueda. Despite a dip in US 10-year Treasury yields, the pair maintains its bullish momentum, reflecting the Fed’s hawkish stance on further tightening. A packed economic calendar could introduce volatility,