US dollar

Can US inflation and retail sales data rescue the dollar? – Forex News Preview

Posted on May 11, 2021 at 1:32 pm GMT

It’s a huge week for US economic data, with CPI inflation on Wednesday and retail sales on Friday. Following the shockingly disappointing jobs numbers lately, there’s less pressure on the Fed to scale back its QE program anytime soon, so the summer months could be difficult for the dollar. The US economy is still solid and the endgame is still a more hawkish Fed, but it will take longer to get there. Fed tapering delayed, not derailed The notion that [..]

What does Biden’s infrastructure bill mean for markets? – Special Report

Posted on March 30, 2021 at 3:42 pm GMT

The US President will deliver a keynote speech on Wednesday, during which he will outline his plans for a multi-trillion-dollar infrastructure package. The catch for the markets is that this bill might be partially funded by raising taxes on businesses and investments. The dollar and stocks might suffer a decent correction as markets grapple with the threat of higher taxes, but the overall trajectory for both seems positive. Taxman is coming The prospects for the US economy keep getting brighter. [..]

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Stimulus deal: Is it dead or is Trump bluffing? – Special Report

Posted on October 7, 2020 at 3:22 pm GMT

The US president threw another monkey wrench into global markets this week, when he halted the negotiations for a new stimulus package. Stocks fell while the dollar jumped, but the overall market reaction was rather small and soon turned around. This suggests either that investors believe Trump is bluffing, or that this will cost him so much politically that it increases the chances of a ‘Democratic sweep’ and hence of much greater stimulus after the election. Art of the deal? [..]

US elections: A simple guide and market implications – Special Report

Posted on September 4, 2020 at 11:50 am GMT

The 3rd of November is the day that American citizens will decide who will lead their country for the next four years. Opinion polls suggest Biden will win, but Trump is quickly closing that polling gap in key battleground states and betting markets imply that the race is too close to call. In this piece, we examine how the complex US voting system works, what makes it different from other countries, and how markets might react ahead and after the [..]

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Is the ‘party’ in gold just getting started? – Special Report

Posted on July 10, 2020 at 12:40 pm GMT

Gold prices keep rising, powered by a trifecta of uncertainty among investors, runaway government spending, and rock bottom interest rates for years to come. Even though the metal has already come a long way, there’s not much to stop it from grinding even higher to new record highs. Any more stimulus from the Fed for instance, like an introduction of yield curve control, could sink the dollar and turbocharge bullion. The main downside risk is a successful virus vaccine. Central [..]

US jobless claims to show pain, but dollar might like that – Forex News Preview

Posted on April 8, 2020 at 10:26 am GMT

In America, the spotlight will be on Thursday’s weekly jobless claims and consumer confidence numbers, which will reveal how quickly unemployment is rising and how badly the consumer has been hit. Contrary to conventional wisdom though, a disappointing set of data could boost the US dollar, which has been acting like a safe haven amid all the chaos. The minutes of the latest FOMC meeting today and CPI inflation stats on Friday might be seen as outdated. Unemployment: A tragedy [..]

US PMIs: What’s the damage? – Forex News Preview

Posted on March 30, 2020 at 1:16 pm GMT

It’s a busy data week in America, as besides the nonfarm payrolls report, there’s also the latest ISM manufacturing and non-manufacturing PMIs coming up on Wednesday and Friday respectively, both at 14:00 GMT. These surveys will give us a taste of how much damage the virus has inflicted on the US economy and therefore, of how deep the upcoming recession will be. As far as economic data go these days, these are extremely important, and a serious disappointment could derail [..]

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Asian Session – Dollar steadies after drop to one-week low against yen

Posted on February 17, 2017 at 6:42 am GMT

The US dollar continued its corrective move against the yen in Asia today. After hitting a more-than two-week high above 114-yen this week, following hawkish comments from Fed Chair Janet Yellen and upbeat US inflation and retail sales data, the greenback failed to maintain the rally. The dollar index, which measures the US currency against a basket of six other major counterparts, was flat in Asian trading after having dropped 0.7 per cent on Thursday. Dollar/yen traded just below 113.50 [..]

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Asian Session – USD loses strength; Aussie hits near 2-year high against euro after Australian jobs data

Posted on February 16, 2017 at 8:52 am GMT

The US dollar lost some strength against the yen today after making some strong gains on the back of hawkish comments from Fed Chair Janet Yellen on Tuesday and Wednesday. The main focus in the Asian session was the aussie, which saw some volatility after Australian jobs data. The aussie initially spiked up after the data showed that the unemployment rate in Australia unexpectedly fell in January to 5.7 percent from a prior 5.8 percent. This led euro/aussie to revisit [..]

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Asian Session – Kiwi tumbles after RBNZ; euro pressured by European political woes

Posted on February 9, 2017 at 8:16 am GMT

The Kiwi was in focus in today’s Asian session as the Reserve Bank of New Zealand (RBNZ) announced its decision to leave rates on hold at a record low of 1.75 percent. This was no surprise but the central bank signaled that inflation remained subdued and any tightening in policy might be at least two years away. In a statement, RBNZ Governor Graeme Wheeler said a decline in the exchange rate is needed. The New Zealand dollar fell sharply against [..]

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