Weekly market update 28th May - Dollar dipped lower following FOMC meeting minutes, BOC interest rates decision and US jobs report in focus this week 1. The Dollar index fell below 102 on Friday, hovering at its lowest level in a month, after data revealed that...
Weekly market update 20th May - Dollar's rally took a breather as recession fears rattled investors 1. Dollar pared recent gains to hover around 103 on Friday, following the drop in US treasury yields as ongoing weakness in US economic data stoked recession fears amid the...
Weekly market update 13th May - Dollar showed no signs of stopping, buoyed by prospects of higher interest rates amid an uncertain global outlook 1. The Dollar index rose above 104, reaching near its two decades high following higher-than-expected US inflation data. The headline CPI in...
Weekly market update 6th May - Dollar maintains its strength after Fed’s interest rate hike, risk-on currencies continue to dip 1. The Dollar Index eased to the 103.6 level after reaching a 20-year high at 104 earlier in the week as investors held their bets on...
Weekly market update 29th April - Dollar maintained its strength for the month of April while commodity currencies continued to slide amidst geopolitical uncertainties 1. The Dollar Index maintained its strength in the last week of April, easing to about the 103 level before Friday’s market...
Weekly market update 22nd April - Dollar rallied higher on the back of a hawkish Fed while commodity currencies suffered amid the geopolitical uncertainties 1. The Dollar index broke above the 101 level to reach a high not seen in nearly 2 years, as prospects of...
Weekly market update 15th April - Dollar extended its rally, fueled by prospects of higher interest rates by the Fed to rein in inflation 1. Dollar extended its rally reaching 100.76, a high not seen in nearly 2 years, as prospects of higher interest rates from...
Weekly market update 8th April - Dollar outperformed its peers on Fed’s hawkish comments, oil prices set for a second week of decline after IEA agreement 1. The U.S. Dollar Index climbed close to the 100 level which has not been seen since May 2020, after...
Weekly market update 1st April - Dollar rebounded after release of disappointing labour market data, release of U.S. oil reserves drove down oil prices 1. The U.S. Dollar Index rebounded to above the 98.5 level at the start of April, as disappointing nonfarm payrolls data reinforced...