Weekly Market Update 26 June - Fed’s Hawkish Testimony Drove Dollar Above 102.8 1. The dollar exhibited strength last week, closing above 102.8, mainly driven by the hawkish testimony from Fed Chair Powell. His emphasis on a data-dependent approach to interest rate policy and his view...
Weekly Market Update 19 June - Dollar pares early gains as Fed signals rate pause 1. The dollar index pared early gains to fall from 103.7 to a month low of 102.1. This has been spurred by a “hawkish pause” in last week's meeting where the...
Weekly Market Update 12 June - Weak PMI, Rising Unemployment Claims Drove Dollar Below 104 1. The dollar index weakened to touch a week-low, falling below 104 to 103.3. The optimism from the debt ceiling resolution faded quickly, after weaker-than-expected services PMI data. Markets were...
Weekly Market Update 5 June - The Dollar Index Remains Flat at 104 Amidst Divergent US Labor Market Data 1. The dollar index remains flat at 104 upon conflicting economic data on US labour market. Consumer confidence reported a decline to 102.3 in May, for the...
Weekly Market Update 29 May - Dollar Index Surges to 104.3 as Debt Ceiling Negotiations Spark Optimism 1. The Dollar index rose from 102.9 to 104.3 last week, upon optimism on debt ceiling negotiations. While challenges of default risks persist, President Biden and House Speaker McCarthy...
Weekly Market Update 22 May - Dollar slips as debt ceiling impasse and Fed's dovish stance diminish optimism 1. Dollar slips as debt ceiling impasse and Fed's dovish stance diminish optimism. The DXY surged to highs of 103.6 on the back of debt ceiling optimism, before...
Weekly Market Update 15 May - Dollar index surges above 102.5 as investors seek safe haven amidst debt ceiling concerns 1. Dollar index surges above 102.5 as investors seek safe haven amidst debt ceiling concerns. The DXY rose from 101.3 to 102.7 last week. In April,...
Weekly Market Update 8 May - Dollar weakened upon possible pausing in the Fed's aggressive tightening regime 1. Dollar weakened upon possible pausing in the Fed’s aggressive tightening regime. The dollar index slipped from 101.7 to 101.3 during the week. As market expected, the Federal Reserve...
Weekly Market Update 1 May - Dollar slid slightly upon disappointing advance GDP data 1. Dollar slid slightly upon disappointing advance GDP data. The dollar index slipped from 101.7 to 101.6 during the week. Due to the contradicting economic data points affecting the GDP and labour...