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Global markets eye political risks
The U.S. dollar weakened overnight after President Trump attempted to fire Federal Reserve Governor Cook for alleged mortgage fraud, a move she contested, vowing to continue her duties.
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Mixed global data, US futures dip
Federal Reserve Chair Jerome Powell signaled openness to lowering interest rates at the September meeting during his Jackson Hole speech, causing a brief spike in USD strength, though he didn’t commit to aggressive easing, suggesting a cautious approach.
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Fed minutes, RBNZ cut spark FX moves
As the Jackson Hole symposium approaches, with Federal Reserve Chair Jerome Powell speaking on Friday, the U.S. dollar reached an eight-day high in Asian trading but later moderated in a quiet European session, reflecting subdued FX market activity.
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Dollar dips as Ukraine talks falter
The U.S. dollar weakened overnight despite early gains in Asian markets, as investors assessed the outcomes of a meeting between U.S. President Trump, Ukrainian President Zelensky, and European leaders.
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Dollar rises as Zelensky visits White House
The U.S. dollar strengthened slightly as global attention turned to Ukrainian President Zelensky’s White House visit alongside European leaders.
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Fed cautious amid tariff and labor concerns
Despite the Federal Reserve’s efforts to downplay expectations of a significant 50-basis-point rate cut, the U.S. dollar continues to weaken. Fed officials, including Bostic and Goolsbee, have emphasized a cautious approach, with Bostic anticipating only one rate cut by year-end and Goolsbee highlighting the complicating factor of tariffs.
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Fed speakers in focus as dollar sell-off continues
The U.S. dollar faced a significant sell-off following the latest CPI data, driven by expectations of a September rate cut and controversial remarks from the new BLS head about potentially canceling the Non-Farm Payrolls report.
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All eyes on US inflation data
The US July CPI report is anticipated to show a rise in core CPI to 3% year-on-year, ending a streak of sub-3% readings, with one major bank forecasting a stronger-than-expected 0.4% month-on-month increase that could temporarily bolster the US dollar.
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Dollar edges up as CPI report looms
The US Dollar is slightly stronger at the start of the week, driven by anticipation for the upcoming US CPI report for July. Over the weekend, Federal Reserve dissenter Bowman warned that delaying action could worsen labor market conditions, advocating for three rate cuts this year.
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Tariffs spike, trade tensions rise
The dollar index remains under pressure with the latest round of weakness driven by a dovish shift from the Federal Reserve. Meanwhile, U.S. trade tensions are rising, with new 15% tariffs on Japanese imports and actions against countries like India and China for buying Russian oil, pushing the average U.S. tariff rate to 18.3%, the […]
