Scotiabank analysts Shaun Osborne and Eric Theoret note the Dollar is starting the week on the back foot after a weak close on Friday, with DXY slipping further as CHF, EUR and Japanese Yen lead gains.
Scotiabank analysts Shaun Osborne and Eric Theoret note the Dollar is starting the week on the back foot after a weak close on Friday, with DXY slipping further as CHF, EUR and Japanese Yen lead gains.
Analysts highlights Chinese regulators’ warning on US Treasuries as a fresh headwind for USD sentiment. Upcoming US Retail Sales, NFP and CPI are seen as key downside risks for the Dollar.USD pressured by data and China risk'After a weak close for the dollar overall on Friday, a week of key data reports is starting off with the DXY losing a bit more ground overall.''It’s unclear what impact this warning will have on appetite for US Treasury debt but the development is unhelpful for USD sentiment in the context of the recent focus on foreign investors hedging or reducing exposure to US asset markets generally.''US inflation is expected to moderate—somewhat—from late 2025 levels.''Weaker than expected jobs data and softer inflation will add to downside pressure on the USD.'
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD rebounds as risk-on mood weakens Dollar, eyes weekly rangeThe Euro found some respite on Friday versus its counterpart the Greenback, which enjoyed a short-live rally of just two days, but erased Thursday’s gains on Friday as depicted by the US Dollar Index (DXY).
Read more »
THB: Temporary weakness expectedThe Thai Baht (THB) is facing temporary weakness due to election-related uncertainties, softer gold prices, and a firmer USD.
Read more »
US Dollar Index remains subdued near 97.50 as traders await key economic dataThe US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, extends its losses for the second successive session and is trading near 97.60 during the Asian hours on Monday.
Read more »
AUD/USD Price Forecasts: Aussie nears 0.7050 resistance areaThe Aussie Dollar appreciates for the second consecutive day against a softer US Dollar, approaching the top of February’s trading channel at the 0.7050 area.
Read more »
USD/CAD slips below 1.3600 on softer Greenback and steady Oil pricesThe Canadian Dollar (CAD) remains on the front foot against the US Dollar (USD) on Monday, as a softer Greenback and firmer Oil prices continue to underpin the Loonie. At the time of writing, USD/CAD is trading around 1.3568, its lowest level since January 31, down more than 0.50% on the day.
Read more »
3 Netflix Shows You Need to Binge This WeekShaun Johnston as Jack Bartlett in 'Heartland.'
Read more »