On Tuesday, the US Dollar, as measured by the DXY Index (DXY), registered a decline, settling at 105.30.
US Dollar lost ground on lower-than-anticipated Retail Sales figures, which fuel dovish bets on the Fed. Markets are digesting comments from Fed officials for placing their bets on the rate cut cycle. Investors continue challenging the Fed and bet on more than one cut in 2024. On Tuesday, the US Dollar, as measured by the DXY Index , registered a decline, settling at 105.30.
It is the task of the central bank to keep the demand in line by tweaking its policy rate. For the biggest central banks like the US Federal Reserve , the European Central Bank or the Bank of England , the mandate is to keep inflation close to 2%.
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.
Canadian Dollar extends the downside below 1.3750 ahead of Canadian Retail Sales dataThe USD/CAD pair trades on a stronger note for the fifth consecutive day near 1.3730 on Friday during the Asian trading hours.
Read more »
Canadian Dollar pares losses on Friday despite downturn in Canadian Retail SalesThe Canadian Dollar (CAD) recovered ground on Friday, sparked by a shift in investor risk appetite.
Read more »
Australian Dollar advances despite softer Aussie Retail SalesThe Australian Dollar (AUD) continues to strengthen against the US Dollar (USD) for the third consecutive session on Tuesday, despite the softer Australia's Retail Sales (MoM), which rose by 0.1% in April, reversing the previous 0.4% decline.
Read more »
Australian Dollar Holds Up Against USD Despite Tepid Retail Sales DataThe Aussie benefitted from a broadly weaker Dollar after the US Holiday which let it gains despite a data miss
Read more »
Dollar rebounds ahead of PCE release; euro slips after German retail salesDollar rebounds ahead of PCE release; euro slips after German retail sales
Read more »
Dollar edges higher ahead of retail sales, speeches by Fed officialsDollar edges higher ahead of retail sales, speeches by Fed officials
Read more »