The US dollar hedged down in relation to other major currencies during early Monday trading, but not significantly. With reduced liquidity in the markets due to the US Labor Day holiday, investors from the rest of the world are still processing the meaning of the latest employment figures from the US, which were published on Friday. The number of new jobs created...
The US dollar lost ground to other major currencies during early Friday trading, ahead of the release of the August Non-Farm Payrolls later in the day. Today’s softness comes on the back of Thursday’s gains, which followed the release of stronger-than-expected personal spending numbers. These ups and downs of the currency illustrate well the uncertainty amongst...
Gold prices are hovering close to the multi-week maximums reached on Wednesday as the financial markets continue to ponder the impact of the latest economic data released in the US. Disappointing employment and GDP numbers mean a lower likelihood of further rate hikes by the Federal Reserve, resulting in softer treasury yields and losses for the dollar in relation...
The US dollar started the day with some gains in relation to other major currencies, halting yesterday’s sharp losses. On Tuesday, the greenback dropped half a percentage in relation to other major currencies following the release of unexpectedly weak labour data. The US JOLTS report on job openings for July dropped to the lowest level in over two years,...
After touching a multi-month maximum at the end of last week, the US dollar started the week on the back foot and continued to edge down during early Tuesday trading. However, the greenback’s losses have been small, and the dollar is still close to last week’s maximums. Jerome Powell left a clear message when he spoke at the Jackson Hole symposium, saying that...
The US dollar index, which measures the greenback's performance versus a basket of other major currencies, touched a two-month high during early Wednesday trading. The Jackson Hole symposium starts tomorrow, and treasury yields and the dollar are rising, indicating that the prevailing view amongst traders is that US interest rates will remain high for a prolonged...
