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Will Powell Keep Dream Alive for USD Bulls?

US Data ImprovingThe US Dollar is trading a little lower today ahead of keenly awaited comments from Fed chairman Powell. The latest weekly jobs claims report today was seen dropping to 198k from 211k...

Dollar Rally Pauses While Traders Await Powell on Thursday

Empire State Manufacturing FallsThe latest Empire State Manufacturing Index released today showed that business conditions worsened last month in the US. The index fell to -4.6 from the prior month’s...

US Yields Driving USD Higher

DXY Breaking OutThe US Dollar continues to March higher on Tuesday with DXY now at its highest level in a year. The rally is being fuelled by a relentless rise in yields on the back of the Fed’s...

USD Pulls Back As Traders Mull US Data

USD Pulling BackThe US Dollar is correcting lower into the end of the week as traders brace for a slew of key US econ readings latest today. Yesterday. Final Q2 US GDP was seen coming in at 2.1%, as...

Dollar Drop Nowhere In Sight As Q3 End Nears

USD Rally ContinuesThe US Dollar rally continues to gather pace as we head through the middle of the week. More importantly, as we round out Q3, many of those USD forecasts from Q2 calling for a lower...

Dollar Spikes On Hawkish Hold From Fed

Fed Sees Fewer CutsThe US Dollar remains well bid today on the back of the September FOMC. While the Fed held rates unchanged, as expected, the guidance offered was firmly bullish. The majority of...

Dollar Rallies on Fresh Data Beat

DXY Breaks OutThe US Dollar broke out to its highest levels since March yesterday as the latest round of US data added further uncertainty to the Fed outlook. August retail sales were seen coming in...

US CPI Beat Suggests Fed Not Done Yet

CPI Rises Again in AugustThe release of the latest US inflation data has done little to impact near-term Fed rate pricing, despite coming in above forecasts.  Annualised CPI was seen rising to 3.7%...

Dollar Under Pressure - Traders Await Inflation Data

Dollar Stalls on JPY DriveThe US Dollar is starting the week under pressure. The DXY has fallen around 0.6% from last week’s highs across early European trading on Monday. Hawkish comments from BOJ’s...