SHOCKING: 2 - What They Never Told You

Dollar Retreats on Wide US Trade Deficit and Dovish Job Openings Report

The dollar index (DXY00 ) today is down by -0.41%. The dollar is retreating today after the US July trade deficit widened by the most in 2 years. Lower T-note yields today are also weighing on the dollar. Losses in the dollar accelerated after the US July JOLTS job openings...

Barchart · Sep 4, 2024

Dollar Gains and Gold Falls on the Outlook for Less Aggressive Fed Easing

The dollar index (DXY00 ) Friday climbed to a 1-1/2 week high and finished up by +0.37%. The dollar found support from Friday’s US personal spending and the core PCE reports, which dampened speculation the Fed will cut interest rates by 50 bp at next month’s FOMC meeting. The dollar...

Barchart · Aug 30, 2024

Dollar Strengthens on Positive US Economic News

The dollar index (DXY00 ) today is up by +0.17% at a 1-1/2 week high. The dollar is finding support from today’s US personal spending and the core PCE reports, which dampened speculation the Fed will cut interest rates by 50 bp at next month’s FOMC meeting. The dollar is...

Barchart · Aug 30, 2024

Dollar Finds Support from Higher Bond Yields

The dollar index (DXY00 ) today is up by +0.12%. Higher T-note yields today are supportive of the dollar. The dollar also garnered some support today from mixed economic news from China, which showed that China’s ongoing housing crisis is undercutting consumer spending. The dollar fell back from its best...

Barchart · May 17, 2024

Dollar Sees Support from Quarter-End Demand

The dollar index (DXY00 ) on Wednesday rose slightly on quarter-end demand for the dollar. Also, dovish ECB comments on Wednesday undercut the euro and boosted the dollar. Meanwhile, the yen recovered from a 33-year low and moved higher on speculation that Japanese authorities may soon intervene in currency markets...

Barchart · Mar 27, 2024

Dollar Modestly Higher on Weakness in the Euro

The dollar index (DXY00 ) this morning is up by +0.09%. Dovish ECB comments today undercut the euro and gave the dollar a boost. Gains in the dollar are limited after the yen recovered from a 33-year low and moved higher on speculation that Japanese authorities may soon intervene in...

Barchart · Mar 27, 2024

Dollar Fades on Euro Strength

The dollar index (DXY00 ) on Friday fell by -0.01%. The dollar on Friday gave up an early advance and finished slightly lower. The euro moved higher Friday and weighed on the dollar after the 10-year German bund yield climbed to a 2-1/2 month high, strengthening the euro’s interest rate...

Barchart · Feb 16, 2024

Dollar Falls Back on Euro Strength and a Rally in Stocks

The dollar index (DXY00 ) on Wednesday fell by -0.21%. Strength in the euro Wednesday weighed on the dollar after hawkish comments from ECB Executive Board member Schnabel pushed European government bond yields higher. Also, Wednesday’s rally in stocks curbed the liquidity demand for the dollar. The dollar was also...

Barchart · Jan 10, 2024

Stocks Slightly Higher Ahead of U.S. Inflation News

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.22%. Stocks this morning are slightly higher as the markets...

Barchart · Jan 10, 2024

Dollar Gains on Safe-haven Demand from Chinese Debt and a Weak Euro

The dollar index (DXY00 ) on Tuesday finished up by +0.31% and posted a 1-1/2 week high. The dollar found support Tuesday on increased safe-haven demand after Moody’s Investors Service downgraded China’s credit outlook to negative from stable due to rising debt. Weakness in the euro also supported the dollar...

Barchart · Dec 5, 2023