YOU WONT BELIEVE: Pboc - You Need To See This

Global Market: China’s yuan hits four-year high against dollar after Fed holds rates

China’s yuan climbed to a four-year high against the US dollar, supported by the central bank’s firm guidance and the Federal Reserve’s decision to hold interest rates steady. The People’s Bank of China continued managing appreciation, while investors awaited the European Central Bank’s policy decision for further currency market direction.

The Economic Times · 4h ago

Dollar Falls Back After FOMC Results Have a Dovish Tint

The dollar index (DXY00 ) traded higher in the morning but fell after the FOMC outcome, ending the day -0.22% lower. The FOMC left its federal funds rate target unchanged at 3.75-4.00% by a vote of 10-2, with two FOMC members (Cook and Hammack) dissenting and favoring a rate hike....

Barchart · 12h ago

Dollar Posts 2-week High on Expectations for Hawkish FOMC Commentary

The dollar index (DXY00 ) is up +0.09% and posted a new 2-week high. The dollar is seeing support from today’s +2.5 bp rise in the 10-year T-note yield, which supported the dollar’s interest rate differentials. The dollar also has support ahead of this afternoon’s FOMC meeting results, amid expectations...

Barchart · 17h ago

Dollar Sees Support as T-note Yields Rise

The dollar index (DXY00 ) is up +0.10%, supported by today’s +4 bp rise in the 10-year T-note yield. The dollar also found support from today’s stronger-than-expected US manufacturing PMI and consumer sentiment reports. The dollar has safe-haven support from Middle East tensions as concerns continue about Houthi attacks on...

Barchart · Oct 23

Dollar Fades on Weaker US Interest Rate Differentials

The dollar index (DXY00 ) gave up an early gain and ended the day down -0.18%. The dollar saw some early safe-haven support but faded during the day as US interest rate differentials sagged. The 10-year T-note yield on Thursday plunged by -17 bp, and the 2-year T-note yield fell...

Barchart · Oct 22

Dollar Moves Higher on Safe-Haven Demand

The dollar index (DXY00 ) is up +0.06% on some safe-haven demand tied to today’s sharp sell-off in tech stocks and Middle East tensions. The safe-haven demand has outweighed the bearish factor of today’s -8 bp decline in the US 10-year T-note yield. Also on the bearish side for the...

Barchart · Oct 22

Global Market: China's yuan hits more than four-year high against dollar

In a remarkable turn of events, China's yuan has surged against the US dollar, hitting levels unseen in over four years. This strength is linked to a declining dollar and prevailing central bank strategies. Although the People's Bank of China set a midpoint lower than anticipated, its actions aim to…

The Economic Times · Oct 22

Dollar Consolidates Above 3-week Low

The dollar index (DXY00 ) is up +0.05%, consolidating mildly above last Friday’s 3-week low. The dollar is seeing some short covering after last week’s decline. However, today’s -0.8 bp decline in the 10-year T-note yield is undercutting the dollar by hurting interest-rate differentials. Also, today’s -0.5% decline in WTI...

Barchart · Oct 21

Dollar Retreats on Weak US Housing News and Stock Strength

The dollar index (DXY00 ) tumbled to a 2.5-week low on Tuesday and finished down by -0.25%. The dollar retreated on Tuesday, pressured by a rally in the Chinese yuan to a 4-year high. Weak US housing news on Tuesday was also bearish for the dollar after US Sep housing...

Barchart · Oct 20

Dollar Falls on Chinese Yuan Strength and Weak US Housing News

The dollar index (DXY00 ) is down by -0.31% today. The dollar is weaker today, pressured by a rally in the Chinese yuan to a 4-year high. The dollar added to its losses today after US Sep housing starts unexpectedly fell to a 4-month low and Sep pending home sales...

Barchart · Oct 20