Dollar stays weak
Digest more
The U.S. dollar was on a weak footing on Thursday after lacklustre economic data seemingly cemented the case for a rate cut from the Federal Reserve next week, providing relief to the yen and pushing the
DXY softens as traders await a potential hawkish Fed cut. Powell’s guidance and steady Treasury yields shape short-term dollar expectations.
Hosted on MSN
Dollar Rises Ahead of Inflation Data
1545 ET – Treasury yields rise, along with the dollar, as investors digest yet another employment blow ahead of August inflation. The BLS said the number of jobs added in the year through March 2025 was 911,000 lower than previously reported. Employment ...
The U.S. dollar drifted lower on Monday, ahead of a week crammed with central bank meetings and headlined by the U.S. Federal Reserve, where an interest rate cut is all but priced in although a divided committee makes for
Major stock markets mostly rose and the dollar gained slightly Friday as investors awaited the release of key US inflation data that could cement expectations that the Federal Reserve will
“In October, Powell’s press conference sent the dollar sharply higher,” said analysts at ING, in a note. “Presumably, those risks remain today as he discusses dissent in the decision and the fact that three back-to-back rate cuts have taken the policy rate much closer to neutral.”
By Fergal Smith TORONTO, Dec 4 (Reuters) - The Canadian dollar will strengthen less than previously expected over the coming year if the time it takes for Canada to reach a trade deal with the U.S. raises prospects of additional Bank of Canada interest rate cuts,
U.S. Treasury yields declined in early trade after the Federal Reserve's well-anticipated interest-rate cut on Wednesday, with focus shifting to data again. "Markets will now quickly turn to next week's delayed payrolls release—pushed back due to the U.