Further decline saw the Greenback recede to levels last traded in late December 2023 in the sub-101.00 zone, as bets for a rate cut in September were boosted by the FOMC Minutes of the July gathering.
Here is what you need to know on Thursday, August 22: The USD Index retreated to the 100.90 zone against the backdrop of extra losses in US yields across the curve and firmer expectations of a rate cut in September. The Jackson Hole Symposium kicks in on August 22, while on the US docket are expected the usual weekly Initial Jobless Claims, the Chicago Fed National Activity Index, Existing Home Sales, and the advanced S&P Global Manufacturing and Services PMI s for the month of August.
3100 barrier amidst the exacerbated selling pressure in the Greenback. The advanced S&P Global Manufacturing and Services PMIs for the month of August will be unveiled on August 22, seconded by the CBI Industrial Trends Orders. USD/JPY added to the weekly leg lower and broke below the 145.00 support with certain conviction following lower yields and the sharp retracement in the Dollar.
PMI Dollarindex EURUSD Currencies
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: Global PMIs take centre stageThe risk-off sentiment prevailed on Tuesday, motivating the Greenback to regain some balance despite yields retreated in the global money markets.
Read more »
Forex Today: Optimism returns as recession fears diluteWhat you need to take care of on Friday, August 16: The US Dollar seesawed between gains and losses, ending the day mixed across the FX board after United States (US) data brought relief.
Read more »
Forex Today: Flash GDPs in Europe and US jobs in the spotlightThe persistent risk-off sentiment propelled the Greenback to multi-day highs on Monday, while investors have started to warm up ahead of key central bank events and crucial US data releases.
Read more »
Stock Market Today: S&P 500 jumps as softer jobs data cool recession fearsStock Market Today: S&P 500 jumps as softer jobs data cool recession fears
Read more »
Stock market today: Dow falls 1,000 points as recession fears fuel calls for interest rate cutEach of the major stock indexes fell more than 2% in early trading on Monday.
Read more »
Stock market today: Dow falls 1,000 points as recession fears fuel calls for interest rate cutEach of the major stock indexes fell more than 2% in early trading on Monday.
Read more »