dollar

A series of economic data is scheduled for release tomorrow morning EST providing insights into the current state of the consumer and manufacturing industries. Retail sales in the US have been showing a slight uptrend, unexpectedly rising 0.3% month-over-month in May, surpassing prior forecasts of...

The Reserve Bank of Australia (RBA) meeting minutes are due to be released during the Asia-Pacific market open on Tuesday morning AEST (Monday evening EST). During its July meeting, the RBA  decided to maintain its cash rate at 4.1%, following a 25-basis point increase in June....

India’s rupee is on the rise, tracking further losses in the U.S. dollar as the Federal Reserve’s outlook remains uncertain, Reuters reports. Why It Matters: The rupee has been strengthening against the dollar, a trend that could continue if the U.S. Federal Reserve maintains its dovish...

U.S. consumer price inflation fell from 4% to 3% year-on-year in June, slightly below the expected 3.1%, marking the twelfth consecutive decline in inflation and the lowest print since March 2021. In a surprising turn, the U.S. core inflation rate, excluding food and energy, dropped to 4.8%, down...

The slump in the Indian rupee’s volatility has traders worldwide questioning when the Reserve Bank of India (RBI) will ease its control, despite a global decrease in currency volatility. The RBI’s interventions have kept the rupee in a narrow range, leading to the lowest one-month...

The Indian rupee is expected to continue its decline following the release of the U.S. Federal Reserve’s June meeting minutes, which indicated the likelihood of more rate hikes this year, Reuters reports. Impact of Fed’s Decision Non-deliverable forwards suggest the rupee will open at...

Chinese investors are increasingly turning to offshore dollar deposits and Hong Kong insurance as confidence in the domestic economy wanes and the yuan weakens, Reuters reports. Offshore Rush Individuals are driving this surge, reflecting deep-seated concerns about China’s economy as its...

The U.S. dollar remained steady against other major currencies on Wednesday, with traders eagerly awaiting the release of the Federal Reserve’s meeting minutes for insights into future monetary policy, Reuters reported. Meanwhile, Australia’s dollar weakened along with the Chinese yuan...

Japan’s top financial diplomat, Masato Kanda, has revealed that Japanese authorities are in regular contact with U.S. Treasury Secretary Janet Yellen and other international officials regarding currencies and broader financial markets, Reuters reports. Constant Dialogue on Currencies The...

Despite recent fluctuations in sterling’s rally, currency speculators have increased their bullish bets on the pound to a nine-year high, Financial Times reports. Speculators Bullish on Sterling Speculative investors, including hedge funds, have shown increased optimism towards sterling,...

The yen started the second half of the year on a weak note, hovering just below the significant 145 per U.S. dollar mark, while the dollar softened in response to U.S. economic data indicating slightly eased inflation and consumer spending, Reuters reports. Yen’s Performance According to...

The long-standing resiliency and tightness of the U.S. job market is starting to show the first signs of cooling. The most recent Department of Labor data reported a slightly higher-than-anticipated increase in initial unemployment claims for the previous week, which remained stable from a...

Although the greenback should maintain its long-term dominance in the foreseeable future, the global economy is seeing signs of de-dollarization, strategists at JPMorgan said according to a report. Meera Chandan and Octavia Popescu, strategists at JPMorgan, said while overall dollar usage is within...

Wednesday was a risk-off session in markets, with stocks resuming their downtrend following the publication of the May FOMC meeting minutes.  What to Know About FOMC Minutes: A greater degree of uncertainty about the future of interest rates is becoming increasingly evident among the Fed's...

Dallas Fed President Lorie Logan said Thursday that current data does not support a pause in interest rate hikes yet, leading market expectations for a Fed hike in June to increase again. The implied probability of a fresh rate rise by the Federal Reserve in June is close to 40% now, up...