Weekly Market Update 24 April - Dollar remains range-bound as continued hawkishness from the Fed contrasts with professional investors’ bearishness 1. The dollar index consolidated between 102.2 and 101.5, as dollar bulls and bears grappled for market control. Many bulls believe that the market is wrong...
Weekly Market Update 17 April - Dollar pares some losses after surprisingly hawkish comments by Fed official Waller 1. The greenback pared some losses against a basket of peers, bouncing back up from a low of 100.8 to end the week at 101.5. Fed Governor Waller...
Weekly Market Update 10 April - Dollar stems its slide to hover above 102, after better-than-expected employment data on Friday 1. The dollar index stemmed its slide against a basket of currencies to consolidate above 102, after strong economic data in the later half of last...
Weekly Market Update 3 April - Dollar extended its decline to trade around 102.6 as peak rate nears and banking fears fade, while investors remain unconvinced of the US economy’s strength 1. The US dollar slumped against a basket of currencies before paring losses at the...
Weekly Market Update 27 March - Dollar stems slide to consolidate above 103 as investors seek safety given banking turmoil and fears of a recession 1. The dollar index ended the week at 103.1, after touching a low of 101.9 not seen since 3 February 2023....
Weekly Market Update 20 March - Dollar slides below 104 after central banks act to provide liquidity in cautiously optimistic markets 1. The greenback closed the week at 103.8 against a basket of currencies, gaining ground from a midweek low of 103.4 but below the week-high...
Weekly Market Update 13 March - Dollar pared gains to close the week above 104, after Silicon Valley Bank’s collapse revealed fragility in the financial system 1. The dollar index pared early gains to end the week almost flat at 104.6, as SVB’s collapse overshadowed Fed...
Weekly Market Update 6 March - Dollar consolidates at 104, as markets await Powell’s testimony and Friday’s jobs report 1. The dollar index ended the week at 104.5, below last week’s high of 105.3, to register the first weekly loss since January. Investors were optimistic about...
Weekly Market Update 27 February - Dollar rallies to touch 105, after hotter-than-expected inflation data 1. The dollar rallied to a high of 105 last seen on 6 January, as the Fed’s preferred inflation metric, the PCE price index, came in hotter than expected. On a...