Weekly Market Update 20 February - Dollar rallies to a month-high of 104.6 on strong economic data and hawkish signals from Fed officials 1. The greenback rallied to a high of 104.6 last seen on 9 January, after last week’s strong economic data and hawkish comments...
Weekly Market Update 13 February - Dollar ranges as traders await this week’s CPI data 1. The dollar index hovered around 103 last week, as traders waited for Tuesday’s US inflation numbers. Fed Chair Powell sounded more dovish than expected at a speech last week, when reiterating...
Weekly Market Update 6 February - Dollar rallied on strong employment data to touch 103 from a nine-month low 1. The greenback rallied from a nine-month low to touch 103, on the back of stronger-than-expected employment data. Earlier in the week, the Fed raised rates by...
Weekly Market Update 30 January - Dollar ranges as markets await rate hike decisions from major central banks this week 1. The Dollar ranged between 102.50 and 101.50 last week, as traders await the Fed’s rate hike decision due on Thursday. The US economy remains strong,...
Weekly Market Update 23 January - Dollar index extended its decline on softer economic data and expectations of a less hawkish Fed 1. Dollar index extended its decline to trade below 102 level, reaching its lowest point in eight months as looming recession risks and expectations...
Weekly Market Update 16 January - Dollar plummets to a low of 102 on speculation of a smaller rate hike by the Fed as inflation data eases 1. Dollar closed at another low of 102 on Friday, after data showed a continued ease in inflation. The...
Weekly Market Update 9 January - Dollar pared recent gains after a midweek peak to trade below 104 1. Dollar pared recent gains after a midweek peak to trade below 104. After the New Year’s break, the Dollar rose after traders returned to the market. However,...
Weekly Market Update 23 December - Dollar ended the week lower at 104.3 after the Bank of Japan loosens the bond yield cap 1. Dollar edged lower to around 104.3 by the week’s end despite upbeat economic data on the back of cooling inflation and a...
Weekly Market Update 16 December - Dollar Plummeted after lower than expected inflation results and edged lower to 104.8 by the week’s end 1. Dollar plummeted on Tuesday after lower than expected US inflation results but pared losses to end the week just slightly lower at around...