The dollar has retraced its overnight softness and is back near yesterday’s levels, as markets focus on reports that Kevin Hassett, viewed as a dovish and politically aligned contender, is emerging as the front-runner for the next Fed Chair.
Tuesday FX trading has been muted thus far as markets wait for a heavy slate of U.S. data—most notably September retail sales, PPI, and November consumer confidence—which together could influence already rising expectations for a December Fed rate cut, now supported by reports that Fed Chair Powell is preparing to push easing through a divided […]
The dollar is starting the week slightly softer in quiet FX trading as markets look ahead to Tuesday’s US retail sales and PPI data in a holiday-shortened week.
The dollar has broken above its 200-day moving average for the first time since March, supported by FOMC minutes showing many officials expect to keep rates unchanged through 2025, while hopes for a December Fed rate cut weakened further after the BLS cancelled the October jobs report, leaving markets with less evidence to justify easing.
The dollar is firmer this morning, hitting a 12-day high largely on the back of renewed USDJPY strength after Japan’s Finance Minister signaled there had been no FX discussion with the BOJ—seen as a green light for further yen selling.
The U.S. dollar is firmer this morning, with USDJPY pushing well above 155.00, prompting Japan’s Finance Minister Katayama to voice concern over rapid FX moves and signal heightened vigilance.
The US Dollar begins the week on a stronger footing, supported by firmer equity sentiment as US futures rise, led by the NASDAQ.
The dollar extended its recovery overnight, gaining notably against the yen and pound. In the U.S., focus turns to the likely passage of a bill to reopen the government and to comments from a packed lineup of Fed speakers.
European stocks are catching up to Wall Street’s overnight rally after the U.S. Senate approved a bill to end the record 40-day government shutdown, with the measure now heading to the House for a vote tomorrow.
Risk assets kick off the week on firmer footing as optimism grows that the record-long U.S. government shutdown may soon end. A bipartisan deal to fund the government passed the Senate over the weekend, marking the first real progress after 40 days of gridlock.
