Forex

Investing.com - The U.S. dollar rose slightly in early European trade Friday, rebounding after the previous session’s losses ahead of the key inflation data, which could drive future interest rate expectations. 

At 04:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.1% to 104.735, after dipping as low as 104.63 overnight.

The dollar retreated on Thursday after the... (continue reading...)

By Hannah Lang and Joice Alves

NEW YORK/LONDON (Reuters) -The dollar was lower on Friday after data showed that U.S. inflation rose in line with expectations in April, with the currency on track for its first monthly decline in 2024.

The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department's Bureau of Economic Analysis said on Friday, matching the unrevised gain in March.

The... (continue reading...)

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.

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. 

The 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...)