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The dollar traded between gains and losses on Thursday, ultimately closing lower for the day. The dollar index (USDX) formed a trading range between 102.48 and 102.98, where any br...
The dollar gained sharply against most of its major peers on Wednesday, with the dollar index (USDX) adding another 0.45% to its value and hitting 10-week highs versus the yen whil...
The U.S. dollar is seen trading sideways for the past two daily sessions, following a substantial appreciation to a seven-week high, providing some relief to the Japanese yen and o...
The dollar took a breather on Monday, following five consecutive daily gains that took it to seven-week highs. The dollar index (USDX) was down slightly by 0.03% as investors antic...
· Fed talks indicate a pause in Nov’24, followed by either a 25 or 50 bps cut in Dec’24 depending on actual economic data or the outlook thereof · Both Iran and Isr...
· But oil also stumbled as Israel may not launch any serious retaliatory attack on Iran oil or nuclear facility at least before US election in Nov’24; gold also slips Oil s...
The dollar was up against most of its major peers on Friday, with the dollar index (USDX) adding another 0.50%, buoyed by a U.S. jobs report that showed the biggest jump in jobs in...
· On Friday, Wall Street surged on the fading concern of a hard landing amid a blockbuster US job report for Sep’24 · Fed may not cut in Nov’24 and may cut 25 or 50...
The dollar was up for yet another session on Thursday, with the dollar index (USDX) adding another 0.33%, buoyed by geopolitical concerns that increase dollar demand, due to its sa...
· Overall, JOLTS and ADP payroll job data indicated that NFP payroll data may come better than +150K market expectations · Wall Street is also under stress on hotte...
The dollar gained ground versus most of its major peers on Wednesday, hitting three-week highs against the euro, with the dollar index (USDX) up by 0.45%, buoyed by positive US job...
· Growing EV and RE adoption on both sides of the Atlantic-as-well-as Pacific (US-Europe-China) and infra boost in China and India boosting Copper · China’s recent ...
The US currency traded higher against most of its major peers on Tuesday, with the US dollar index up by 0.44% and recovering from multi-month lows. The move came amidst escalating...
· Powell almost made it clear unless there is an unusual surge in the unemployment rate, the Fed may pause in Nov and cut 25 bps in Dec’24 · An all-out war-like sit...
· At around 26200 Nifty and TTM EPS (Q1FY25) INR 873, the TTM PE is now above 30, which is historically a bubble zone · Due to lower/fair valuation, FPIs may now al...
The dollar fell against most of its major peers on Friday, with the dollar index (USDX) down by around 0.2% following the release of the PCE price index, the Fed's favorite gauge o...
· The projected Fed rate cut of 50 bps in Dec’24 may not be assured as the US core disinflation pace may have stalled in Q3CY24; Fed may cut 25 bps · If US unemploy...
The US currency traded moderately lower against most of its major peers on Thursday, with the US dollar index down 0.34% and headed to recent multi-month lows. The move came as US ...
The US currency gained sharply against most of its major peers on Wednesday, with the US dollar index recovering from lows last seen in July 2023. Investors will most likely look t...
The US currency remains under pressure from the recent 50bps Federal Reserve rate cut, with the US dollar index down 0.6% on Tuesday to reach levels last seen in July 2023. The mov...
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