Tag: dollar index

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...

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...

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...

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...

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...

The U.S. dollar held steady on Thursday as investors await the release of Friday's U.S. core personal consumption expenditure (PCE) data, the final major inflation data release of the year. Analysts are forecasting annual inflation of 3.3%; the reading's slowest rate since 2021, thereby...