Here is what you need to know on Monday, April 15: Growing expectations for a delay in the Federal Reserve's (Fed) policy pivot and escalating geopolitical tensions fuelled an impressive US Dollar (USD) rally last week.
Here is what you need to know on Monday, April 15: Growing expectations for a delay in the Federal Reserve's policy pivot and escalating geopolitical tensions fuelled an impressive US Dollar rally last week. After rising over 1.5% in the previous week and touching its highest level since early November, the USD Index stays in a consolidation phase at around 106.00 early Monday. NY Empire State Manufacturing Index and Retail Sales data will be featured in the US economic docket.
2500 on Monday. Japanese Finance Minister Shunichi Suzuki repeated on Monday that he is “watching FX moves closely, adding that he wants to be fully-prepared when asked about the broad Yen weakness. USD/JPY closed the previous week decisively higher and continued to push higher early Monday. At the time of press, the pair was trading at its highest level in over three decades near 154.00.
Currencies Macroeconomics Riskaversion Commodities
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: US Dollar runs higher, aims to extend gainsWhat you need to take care of on Tuesday, April 2: The US Dollar stands as the overall winner at the end of Monday, with some major markets remaining closed amid Easter Monday.
Read more »
Forex Today: Risk-on mood put the Dollar under pressureThe resurgence of sentiment towards the risk-associated universe kept the price action around the US Dollar subdued at the beginning of a week that will be dominated by expectations around the release of US PCE.
Read more »
Forex Today: US Dollar extends recovery ahead of key FedspeakHere is what you need to know on Friday, March 22: The US Dollar staged an impressive comeback following the selloff seen late Wednesday.
Read more »
Forex Today: Rate cut bets lent wings to the DollarThe risk-off trade returned to the markets on Thursday and lent extra oxygen to the Greenback, as investors continued to adjust to the latest FOMC event and the idea of three rate cuts by the Fed this year.
Read more »
Forex Today: US Dollar awaits Fed policy decisions, dot plotHere is what you need to know on Wednesday, March 20: The US Dollar (USD) holds steady against its major rivals early Wednesday, with the USD Index (DXY) fluctuating in a tight channel below 104.00 after closing the previous four trading days in positive territory.
Read more »
Forex Today: The Dollar remains bid as FOMC event loomsThe US Dollar started the week in a positive fashion on the back of further upside in US yields and shrinking bets on an interest rate cut at the June event.
Read more »