Trading
Exceptional Brilliant Care for Every Committed Trader.
Trading Conditions
Trading Platforms
Institutional
Become an EBC partner to unlock more market opportunities
About EBC
Your reliable global partner
EBC Institute
Activities
Market Insight | Research Report
Market Insight
Trade Tools
The dollar steadied on Monday though the yen managed to stay on the stronger side of 150 per dollar, as traders looked ahead to several events this week.
The dollar rose on Friday and is set for a third monthly gain as the economy growth accelerated and the ECB left interest rates unchanged.
The dollar hovered near a three-week high on Thursday, while the yen hit a low for the year of 150.78 in intraday trading.
The Nasdaq 100 index has failed to outperform the market since July amid a strong U.S. economy and increased stock market volatility.
On Wednesday, the USD stabilized as the AUD surged to a near two-week high due to strong inflation data, hinting at potential interest rate hikes.
The dollar hit a one-month low as Treasury yields fell. Upcoming US GDP data on Thursday may further impact bond markets.
On Monday, the dollar held steady, supported by rising Treasury yields. Investors await key events: the ECB meeting and the PCE report.
On Friday, the dollar briefly hit 150 against the yen as 10-year Treasury yields passed 5%. Powell hints at more rate hikes.
On Thursday, the dollar stayed strong amid market swings, with rising Treasury yields expected due to a hawkish tone from Fed Chair Powell later.
Institutional analysts slashed targets; euro may dip to 1-1. Europe's economy struggles; Germany contracts again.
Better-than-expected Chinese growth data on Wednesday pushed the Australian dollar a little higher, driving putting a dampener on the US dollar.
The dollar was range-bound on Tuesday as the conflict in the Middle East did not spill over and investors awaited a slew of speeches by Fed officials.
The US dollar edged lower on Monday but remained near a one-week high with fragile sentiment against a backdrop of conflict in the Middle East.
The dollar held firm on Friday as stronger-than-expected US inflation revived prospects that the Fed will have to keep interest rates higher for longer.
On Thursday, the US dollar flirts with a 2-week low before key inflation data, primarily due to falling Treasury yields.