Market Insights
Trading Tools
Fed Chair Powell's comments on Wednesday drove a modest dollar gain, citing limited progress on inflation goals. Traders predict a 40-bps cut by 2024.
The dollar hit a 5-month high on Tuesday as US retail sales surged 0.7% in March, beating economists' 0.4% forecast.
Monday saw the dollar stabilize, marking its largest weekly surge since 2022, buoyed by rising Middle East tensions and looming high interest rates.
The dollar rose moderately on Friday as weaker-than-expected March US PPI did not relieve concerns that the Fed will delay loosening this year.
Thursday saw the dollar stay strong as inflation data dashed hopes for a Q2 rate cut. The yen neared its lowest since the '90s.
US dollar stabilized pre-key inflation report; Canadian dollar strengthened amid renewed Middle East uncertainties, halting oil price declines.
Tuesday: The dollar is hesitant; investors digest US payroll. Yen near 34-year lows; market wary of Japanese intervention.
USD steady Monday, watching inflation and US bond yields. The Fed may cut 50% in June. AUD up on commodities; iron ore futures rise on China demand.
Thursday saw the dollar below peaks while awaiting a US jobs report for rate clues. The Swiss franc fell on easing inflation.
The dollar hovered near a four-month high Wed. Traders anticipate Fed rate cuts of around 70 bps this year, with easing likely beginning in July.
The dollar nears a 4.5-month high as traders ease bets on a Fed rate cut. CME's FedWatch tool sees a 61.3% chance of a June pivot.
USD weak on Monday due to US inflation cooling, raising June rate cut expectations; CHF near 4-mo low on the Swiss rate cut may align with EUR.
2023.3.29 USD flat, Q1 up vs. majors. Yen below 152 prompts a Japan emergency meeting. FM blames speculation and prepares an intervention.
Fed governor Chris Waller's reassurance about interest rates, despite early-year inflation, steadied the dollar on Thursday.
