© Reuters. Investing.com – The U.S. dollar edged higher in early European trade Wednesday, stabilizing after the previous session’s sharp declines as investors look for clues on the path for Federal Reserve policy. At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher
Wall Street took comfort from several downside surprises in US macro data overnight, with the data taming some rate hike bets and saw US Treasury yields decline. The US two-year yields were down 11 basis-point (bp), reversing all of last week’s gains, while the 10-year yields were down 8 bp to deliver a two-week low.
Share: USD/CHF declined for a third consecutive day to 0.87800, below the 20-day SMA of 0.8800. US JOLTs from July came in lower than expected, which fueled a decrease in US bond yields. Hawkish bets on the Fed for November remain high—markets pricing in rate cuts In June 2024. On Tuesday, the USD faced
© Reuters. Investing.com – The U.S. dollar steadied in early European trade Thursday after overnight losses as Treasury yields retreated in the wake of weak economic data, ahead of the start of the Jackson Hole Symposium. At 03:20 ET (07:20 GMT), the , which tracks the greenback against a basket of six other currencies, traded
© Reuters. Investing.com– Most Asian currencies rose on Thursday, taking some relief from weakness in the dollar and Treasury yields as focus remained largely on more cues on U.S. monetary policy from the Jackson Hole Symposium. Weak purchasing managers’ index data saw the dollar fall from an over two-month peak in overnight trade, while Treasury
Gold Price (XAU/USD) Analysis, Price, and Chart Gold may struggle to break back above $1,900/oz. ahead of the Jackson Hole Symposium. Robust US Treasury yields are reinforcing the US dollar. Recommended by Nick Cawley How to Trade Gold Gold remains at lows last seen in mid-March and faces further potential losses if Fed chair Jerome
© Reuters Investing.com – The U.S. dollar edged lower in early European trade Thursday but remains trading near two-month highs after the minutes from the last Federal Reserve meeting offered a hawkish slant. At 03:00 ET (07:00 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower at
© Reuters Investing.com – The U.S. dollar slipped lower in early European trade Friday, retreating from two-month highs but is still on course for a fifth consecutive winning week as a resilient U.S. economy suggested higher rates for longer. At 03:20 ET (07:20 GMT), the , which tracks the greenback against a basket of six
© Reuters Investing.com – The U.S. dollar rose in early European trade Monday, trading near a five-week high on concerns the Federal Reserve could keep raising interest rates, while property sector concerns weighed on the Chinese yuan. At 03:20 ET (07:20 GMT), the , which tracks the greenback against a basket of six other currencies,
Bill Ackman no doubt cheered on the result of today’s 30-year auction. He advertised a bond bearish bet last week and price action hasn’t been great for him so far. That might have changed with weak demand at a $23 billion sale of 30s at an auction today. It tailed by 1.4 bps and that
