After gains of 0.23% ahead of the North American session yesterday, the USD closed 0.15% lower following Powell’s panel commentary, which leaned dovish.
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USD Softens on Dovish Powell Remarks; EUR/USD and GBP/USD Continue Upward Momentum
Lagarde & Powell to Speak Today
The US Dollar started out strong today before falling flat, with the bond market fretting over former US President Donald Trump’s spending plans.
Powell Speaks Today
Jerome Powell, Chairman of the US Federal Reserve, will deliver the Semi-Annual Monetary Policy Report and testify before the Senate Banking Committee today.
USD Marginally Lower Amid Rising Jobless Claims; Eurozone Political Risks in Focus
The USD closed marginally lower yesterday after recurring claims for jobless benefits rose to the highest level since the end of 2021.
USD Strengthens Amid Political Uncertainty in Europe and Hawkish Fed; Major Currency Pairs React to Economic Data and Central Bank Decisions
The USD rose 0.15% yesterday, experiencing haven demand after a relatively hawkish Fed dot plot and concerns about the French election.
USD Weakens on Tame Inflation, Euro and Pound Strengthen
The USD declined 0.4% yesterday after the producer price index rose less than forecast, showing results in categories that feed into the PCE inflation index—the Fed’s preferred price measure—that were subdued.
USD Recovers from Monday Selloff
The US Dollar recovered firmly on Tuesday, with the Greenback sprinting higher against the Japanese Yen.
USD Rebounds; Harris Announces VP Pick
The USD snapped a two-day losing streak yesterday, advancing nearly 0.3% as investors pared back expectations of aggressive Fed interest rate hikes.
USD Declines Amid Labor Market Resilience; Key Economic Data on the Horizon
The USD declined by 0.2% yesterday as risk assets rebounded following a significant drop in initial US jobless claims, the largest in nearly a year.
Global Currencies Shifted by Central Bank Actions
The USD surged to levels last seen on July 5th yesterday amid month-end flows but subsequently lost momentum, closing with a marginal gain.
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