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The US dollar firmed near a three-month peak
2024-02-06USD steadies near a 3-month high; the Fed is unlikely to cut rates in March. AUD rises on RBA, hinting at further tightening possibilities.
The dollar rose to an eight-week high on Monday
2024-02-05The dollar surged to an 8-week high as traders reduced bets on aggressive Fed rate cuts. Simultaneously, the Canadian dollar hit a one-week low.
The dollar fell broadly on Friday
2024-02-02Friday's tech earnings on Wall Street lifted risk appetite, causing the dollar's broad decline and marking its first weekly loss this year.
The dollar neared a 7-week high against the euro
2024-02-01Thursday saw the dollar near a seven-week high against the euro after Fed Chair Jerome Powell resisted March interest rate cuts.
Dollar's largest monthly gain since September
2024-01-31The dollar sees its biggest monthly gain since September; the yen faces its sharpest drop in a year. The Fed and BOJ may delay expected rate changes.
The dollar was range-bound on Tuesday
2024-01-30The dollar was range-bound on Tuesday, as traders awaited the Fed's monetary policy decision this week for clues on possible rate cuts.
The dollar started the week slightly higher
2024-01-29The dollar edged up on Monday as investors assessed US economic data before the Fed meeting. A 48% probability is assigned for a March rate cut.
The euro remained on the back foot on Friday
2024-01-26On Friday, the euro weakened as the ECB maintained its expected stance at the policy meeting. Investors increasingly anticipate a rate cut in April.
China stocks seemingly roar back on increasing stimulus
2024-01-26China announced a cut in bank reserve interest rates, releasing 1 trillion yuan in liquidity and boosting the sluggish stock market.
The dollar showed a lack of direction on Thursday
2024-01-25Thursday: Dollar near 6-week high lacks direction as investors await more data. Q4 US GDP growth expected at 2% - Reuters poll.
The dollar was on solid footing on Wednesday
2024-01-24Wednesday's robust dollar is due to stronger-than-expected jobs and inflation reports, causing investors to lower bets on Fed interest rate cuts in Q1.
The yen fell broadly on Tuesday
2024-01-23BOJ's expected ultra-easy policy keeps yen falling. Governor Ueda finds quantifying proximity to the 2% inflation target challenging.
Euro teeters between ECB hawks and crippled Germany
2024-01-19The euro weakens to a near 1-month low amid a bleak economic outlook. The ECB predicts a Q4 2024 contraction. Contrast with the US adds pressure.
The dollar hovered near a one-month peak
2024-01-18Thu saw the dollar near a one-month peak post strong US retail sales, signaling persistent inflation. The market still expects a 150 bps cut in 2024.
