Forex
Investing.com - The U.S. dollar steadied in early European trade Thursday near two-week highs, supported by rising yields and rising conviction the Federal Reserve will not cut interest rates anytime soon.
At 04:35 ET (08:35 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, slipped marginally lower to 104.940, having earlier reached the highest since May 14 at 105.17, following a 0.5% advance in the prior session.
Safe haven... (continue reading...)As we approach the second half of 2024, investors are keenly eyeing currency movements for indicators of how the forex market could shape up over the next few months.
In this context, JPMorgan has released its forecast for the U.S. dollar. The bank's analysis delves into the various economic forces and geopolitical developments expected to influence the dollar's trajectory.
JPMorgan Dollar ForecastThe bank’s medium-term view of the U.S. dollar is still bullish... (continue reading...)
Investing.com -- The European Central Bank may have "set up" the expectation that it will lower interest rates down from record high levels at its upcoming meeting next week, but it remains unclear what officials will do later this year, according to analysts at ING.
Spurred on by data showing inflation in the euro zone slowing toward the ECB's 2% target, policymakers have widely been signaling that they will slash its benchmark deposit rate by 25-basis points at its... (continue reading...)
Investing.com - The U.S. dollar edged higher in early European trade Wednesday ahead of key inflation data, helped by rising expectations the Federal Reserve will delay interest rate cuts until later in the year.
At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 104.670, inching away from the near two-week low of 104.33 it touched on Tuesday.
Dollar helped by rising yieldsThe dollar... (continue reading...)
By Hannah Lang
NEW YORK (Reuters) -The dollar rose on Wednesday, boosted by higher U.S. bond yields ahead of key inflation data later in the week, and strengthened against the Japanese yen.
The dollar reached as high as 157.715 yen on Wednesday, edging closer to levels that led to bouts of likely intervention from Tokyo at the end of April and early May.
It was last at 157.665 yen, up 0.3% on the day.
"I think... (continue reading...)
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