The Dollar Index (DXY00) rose to a 1.5-week high on Wednesday and ended with a gain of 0.22%. The dollar rose on Wednesday following the better-than-expected US April PPI report, which set a hawkish tone for Federal Reserve policy. The dollar is also supported as a safe haven amid concerns that the US-Iran ceasefire could…
The Dollar Index (DXY00) has risen sharply by +1.29% to hit a 3.25-month high. The dollar is today extending Monday’s rally after oil prices soared to an 8.5-month high, boosting inflation expectations and reducing the possibility of additional rate cuts by the Federal Reserve, a supportive factor for the dollar. Market expectations for a Fed…
The Dollar Index (DXY00) rose to a 6-week high today and is up +0.36%. The dollar is rising today thanks to better-than-expected US economic news. Weekly jobless claims unexpectedly fell to a six-week low, and the Fed’s January Empire and January Philadelphia business outlook surveys rose more than expected. The dollar increased its gains today…
The Dollar Index (DXY00) rose +0.39% to its 1.5-week high today. The dollar is rising today amid weakness in the yen, which fell to a 9.75-month low on concerns that the Japanese government will support a stimulus package that would substantially increase Japan’s debt burden. Today’s US trade news also supported the dollar after the…
Despite a surprising rally in the Producer Price Index (PPI), stocks continued their rise, marking the S&P 500’s fourth consecutive session of gains. The bond market saw a notable pullback, with 10-year Treasury yields falling six basis points to 4.59%. At the same time, the dollar recorded its longest losing streak since March. In the…
