Citi strategists have reiterated their stance that the U.S. election will have a positive impact on the U.S. dollar. They point out key factors such as Federal Reserve policy, recession risks, and global economic conditions that could shape the currency’s outlook in the months leading up to the election. Trade and tariff policies are expected
Forex
The U.S. dollar has gained ground in recent days, as key economic data suggested the possibility of a smaller interest rate cut by the Federal Reserve in the upcoming month. While some market participants had initially anticipated a 50 basis points rate cut in September, the data has led them to reassess their expectations. This
The U.S. dollar has been on a roller coaster ride lately, experiencing a five-week losing streak followed by a slight uptick in value. The Dollar Index, tracking the greenback against a basket of currencies, showed a modest gain of 0.1% to 101.314. The recent climb to its highest level since August 22nd at 101.58 has
The U.S. dollar made a slight recovery on Thursday, offsetting recent lows as investors awaited significant economic reports. The Dollar Index, which measures the dollar against other major currencies, rose by 0.2% to 101.182 after hitting a 13-month low earlier in the week. The dollar’s rebound was attributed to its safe-haven status amid rising trade
The dollar continued to weaken against a basket of peers, with investors closely monitoring for signs of a potential U.S. interest rate cut next month. The upcoming decision by the Federal Reserve has left markets speculating on the size of the rate cut, with expectations leaning towards a reduction in interest rates. This uncertainty has
The recent implementation of new Canadian trade tariffs on China has sent ripples through the Asian currency market. Fears of a potential trade war have led to a weakening of most Asian currencies, as investors brace for the fallout. Adding to the unease is the rally in the Japanese yen, which has been fueled by
Asian currencies saw significant movement on Monday, with the Japanese yen rising sharply amidst growing expectations for a Federal Reserve interest rate cut. The dollar hit lows not seen in over a year, reflecting uncertainty in the markets. Fed Chair Jerome Powell’s comments further solidified expectations for a rate cut, emphasizing the need for policy
In early European trade on Friday, the U.S. dollar experienced a slip as it failed to maintain a rebound from seven-month lows. This decline came ahead of Fed Chair Jerome Powell’s highly anticipated speech at the Jackson Hole symposium. The Dollar Index, which tracks the greenback against a basket of six other currencies, was 0.1%
The recent rise in the dollar has had a significant impact on Asian currencies, leading to a weakening trend among most of them. This shift comes after a period of bargain buying, as traders continue to show a lack of confidence in the greenback due to expectations of interest rate cuts. While the Japanese yen
The dollar showed mixed performance on Wednesday following the release of data showing a significant downward revision in job numbers for the year up to March 2024. Despite this unsettling news, the likelihood of a larger rate cut by the Federal Reserve in September remained largely unchanged. The delayed release of this data caused confusion