Further gains saw the Greenback retest the area of three-month tops, helped by a decent bounce in US yields across the curve, persistent uncertainty around the US election and markets’ view of a more cautious Fed easing.
Here is what you need to know on Thursday, October 24: The US Dollar Index advanced to new multi-week highs, extending further its recent breakout of the 104.00 barrier. The Chicago Fed National Activity Index comes next seconded by the usual weekly Initial Jobless Claims, New Home Sales, the Kansas Fed Manufacturing Index and the flash S&P Global Manufacturing and Services PMI s. In addition, the Fed’s Hammack is due to speak.
Car Production is next on tap on the UK calendar seconded by the preliminary S&P Global Manufacturing and Services PMIs, and the CBI Industrial Trends Orders. USD/JPY surpassed the 153.00 hurdle for the first time since late July following the stronger Dollar and rising yields in US and Japan. The weekly Foreign Bond Investment figures come next, followed by the flash Jibun Bank Manufacturing and Services Index. AUD/USD reversed Tuesday’s advance and tumbled to two-month lows near 0.6620.
PMI Currencies EURUSD Dollarindex
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.
Forex Today: Mood sours as markets await mid-tier data releasesHere is what you need to know on Tuesday, October 8: Markets hold a cautious tone early Tuesday as investors await the next batch of macroeconomic data releases.
Read more »
Forex Today: Markets eagerly await SNB rate decision, Powell and LagardeHere is what you need to know on Thursday, September 26: After witnessing a solid turnaround in American trading on Wednesday, the US Dollar (USD) pauses its recovery and remains in a consolidative mode heading into the European opening bells on Thursday.
Read more »
Forex Today: Further Greenback losses as markets tilt toward more rate cutsThe Greenback shed weight across the board after market participants stepped up bets of an additional 50 bps jumbo rate cut from the Fed in November.
Read more »
5000+ Forex Companies attending Forex Expo Dubai 20245000+ Forex Companies attending Forex Expo Dubai 2024
Read more »
Forex Today: Investors’ focus now shifts to UK inflationA mildly positive session left the US Dollar trading around recent levels against the backdrop of diminishing yields worldwide, while market participants maintained their attention on messages from Fed’s officials regarding the bank’s likely rate path.
Read more »
Forex Today: Hawkish FOMC Minutes lift US Dollar ahead of key inflation dataHere is what you need to know on Thursday, October 10: After having stayed relatively quiet since the beginning of the week, the US Dollar (USD) gathered bullish momentum in the American trading hours on Wednesday, with the USD Index climbing to its highest level since mid-August near 103.00.
Read more »