The U.S. Dollar Index slipped back below the 100 mark overnight, pressured by softer Challenger job-cut data showing a 175% year-on-year surge in layoffs—the worst October reading in more than two decades.
The Dollar Index extended its recent advance overnight, briefly surpassing its August 1 peak to reach a seven-month high. Most major FX pairs were little changed, apart from USDCAD, which pushed higher.
The post-FOMC dollar strength continued overnight, with the Dollar Index pushing back above 100 for the first time since August 1, while EURUSD slipped below 1.1500. The yen was a rare exception to the broad dollar bid, as USDJPY retreated from nine-month highs after Japan’s new finance minister, Katayama, voiced concern over rapid currency moves […]
The dollar continues to strengthen, with the Dollar Index nearing 100.00 as expectations for a December Fed rate cut remain uncertain despite a recent hawkish FOMC move.
The dollar is steady this morning, consolidating its post-Fed gains, with most major currencies little changed apart from the yen, which has sold off sharply after the Bank of Japan left policy unchanged and showed no urgency to tighten.
The yen staged a solid rebound overnight. Japanese growth minister Kiuchi said authorities would monitor the impact of yen weakness, while U.S. President Trump and Japan’s new Prime Minister Takaichi reaffirmed closer defense ties.
Market sentiment improved overnight amid optimistic signals from both the US and China on trade relations. Top negotiators from both sides reportedly reached agreements on several key issues, paving the way for Presidents Trump and Xi to finalize a deal that could ease global trade tensions.
FX markets traded cautiously overnight, with most pairs treading water ahead of tomorrow’s delayed U.S. CPI release.
The U.S. dollar extended its weekly rebound overnight, gaining ground against the euro and particularly the pound, propelling the Dollar index above 99.00 for the first time in seven days.
The dollar strengthened overnight, hitting a six-day high, with USDJPY out in front following news LDP leader Sanae Takaichi would become Japan’s next prime minister.
