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US dollar steady Wed before Fed Chair Powell's congressional testimony. Expected to emphasize waiting for more data before rate cuts.
US dollar held steady Tuesday with traders cautious before key economic data. Canadian dollar weakened due to waning oil prices.
Monday saw the US dollar in a narrow band due to reduced Treasury yields, as the Japanese yen hovered around 150 per dollar, drawing close attention.
US dollar steady post data indicating persistent yet gradual inflation easing. Canadian dollar strengthens on upbeat GDP report.
The dollar edged higher before key inflation data, while the Swiss franc remains weakest among G10 currencies this month.
Despite US durable goods orders falling more than expected, the dollar edged up on Wednesday. The market mostly excludes a Fed rate cut before June.
U.S. natural gas prices hit a 3-year low due to a warm winter, excess inventory, and high production. European prices are back to pre-invasion levels.
Dollar dropped Tuesday, with markets eyeing upcoming economic data. Expectations for rate cut shifted to June from May, per CME's FedWatch Tool.
Monday saw the dollar gain ground ahead of a busy week packed with crucial economic updates, offering insight into global interest rate trends.
Pound drops against the euro, and the Bank of England's stance diverges. UK growth is sluggish; forecasts were revised slightly higher.
Yen eyes a fourth weekly drop vs. the dollar as investors seek higher yields. Weakest G10 currency in 2024, with fewer rate cuts expected elsewhere.
The dollar dips as traders await business surveys to assess major economies. The Fed rate cut odds for May at around 30%.
The dollar fell broadly on Wednesday as traders awaited the Fed's meeting minutes for rate outlook clues, due later in the day.
Wall Street misjudged high interest rates' effect, missing the rebound. Now bullish, as market hits record high of 5,000.
