Australian Dollar has suffered extended declines in recent sessions as RBA gains slowly fade. PMI figures from Australia reveal weaker-than-expected data. Fragility in the Australian […]
Tag: Dollar
Dollar Slips as S&P 500 Climbs to a Record High
The dollar index (DXY00 ) Tuesday fell slightly by -0.04%. The dollar Tuesday gave up overnight gains and turned lower as T-note yields fell on […]
US Dollar recovered ground after hawkish Fed decision
USD rebounds after the Federal Reserve holds rates steady at the 5.25%-5.50% range. FOMC members revised their interest rate protections of 2024 to the upside. […]
Canadian Dollar gains against Greenback get trimmed after Fed tilts away from rate cuts
Canadian Dollar broadly weaker on Wednesday, trims early gains against Greenback. Canada brings little of note to the table, BoC Governor Macklem due later. Cooling […]
Canadian Dollar goes sideways against Greenback ahead of US CPI and Fed decision super Wednesday
Canadian Dollar mostly mixed on Monday, flat against USD. Canada mostly absent from economic calendar this week. Speech from BoC Macklem due in the midweek […]
EUR/USD weakens as US Dollar strengthens after upbeat US NFP report
EUR/USD declines from 1.0900 as upbeat US NFP report for May boosts US Dollar’s appeal. The US NFP report suggests that labor market conditions have tightened […]
Canadian Dollar recovers on Friday despite Canadian GDP miss
Broad-market risk appetite recovers on Friday as US PCE inflation eases. Canada saw a weaker-than-expected rebound in GDP. US PCE inflation cooled further, fueling rate […]
Australian Dollar moves back and forth after lower China’s PMI, US PCE eyed
The Australian Dollar held ground despite softer China’s PMI data released on Friday. The AUD could appreciate due to the hawkish sentiment surrounding the RBA […]
Australian Dollar rises amid subdued US Dollar ahead of looming US PCE
The Australian Dollar continues to gain ground due to improved risk appetite. Australia’s Retail Sales grew 0.1% in April, against the expected 0.2% and the […]