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Dollar Remains Strong, Euro Weakens on Political Uncertainty

The dollar continued to hold its footing this weak, holding a strong position compared to other currencies. This is especially the case with the Euro, which traded around its lowest point in months after being weakened by political uncertainty in the European Union. The euro...

Stocks, Dollar Stagnant Following Fed Chair Comments On Rate Cuts

Federal Reserve Chair Jerome Powell has indicated that markets may have been too confident in their hopes that the central bank would introduce interest rate cuts in the near term. During an interview with CBS's 60 Minutes, Powell spoke of the "danger of moving...

Dollar & U.S. Stocks Strengthen Following Blockbuster Jobs Report

U.S. equities and the dollar strengthened following a promising U.S. jobs report for January. Nonfarm payrolls rose by 353,000 for the month, almost double the 180,000 projection from economists polled by Reuters. Still, Federal Reserve Chair Jerome Powell has quashed market hopes for a...

Dollar Retreats as Investors Anticipate Rate Cuts

The U.S. dollar slipped lower on Thursday morning as markets await the release of U.S. consumer monthly inflation later in the day. With analysts expecting inflation to continue cooling, investors are hopeful that the Federal Reserve will introduce interest rate cuts as early as...

Dollar Secures Highest Daily Rise Since Last March

The U.S. dollar got 2024 off to a strong start, achieving its biggest daily rise on Tuesday since March last year. This comes as investors continue to bet that the Federal Reserve will introduce interest rate cuts as early as March 2024. This comes...

Dollar Stumbles Amid Signs of Cooling Inflation

The U.S. dollar staggered on Tuesday after the Christmas break amid signs that US inflation is cooling. Economic data showing a decline in inflation is boosting bets that the Federal Reserve will introduce interest rate cuts early next year. Following bets that the Bank of...