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Dollar Falls on Dovish Fed Comments

The dollar index (DXY00 ) fell by -0.40% on Tuesday. The dollar was under pressure on Tuesday from dovish Fed comments. Fed Governor Christopher Waller said the recent surge in long-term bond yields is doing some of the Fed's work to tighten monetary policy, suggesting he favors holding policy steady...

Barchart · 9h ago

Dollar Pressured by Lower Crude Prices

The dollar index (DXY00 ) is down by -0.30%, falling back from Monday’s 1.5-year high. The dollar is under pressure today after WTI crude oil fell nearly -1%, lowering inflation expectations that could prompt the Fed to loosen monetary policy and undercut the dollar. The dollar added to its losses...

Barchart · 14h ago

Dollar Rallies on Higher Crude Oil Prices and Hawkish Fed Comments

The dollar index (DXY00 ) rallied to a 1.5-year high on Monday, finishing up +0.37%. The dollar rallied on Monday amid stronger crude prices. WTI crude rose more than +2% on Monday, raising inflation expectations that could prompt the Fed to tighten monetary policy and support the dollar. The dollar...

Barchart · Oct 12

Dollar set for weekly gains as yields surge, Fed bets build

The dollar has achieved consecutive weekly gains for the first time in over three months, bolstered by rising Treasury yields. Anticipations of additional rate hikes from the Federal Reserve are enhancing the currency's strength against competitors like the euro and sterling. Meanwhile, the Japanese yen falters as market participants scrutinize…

The Economic Times · Sep 25

Yen slumps to two-week low after BOJ rate hike underwhelms

The Japanese yen faced a sharp decline against the dollar in the aftermath of the Bank of Japan's recent interest rate hike. This decision, which did not sit well with two dissenting policymakers, has sparked skepticism about forthcoming monetary policy adjustments. On a different note, easing oil prices reflected diminished…

The Economic Times · Sep 18

Yen stands tall as dollar wobbles, oil's run towards $100 chills sentiment

The Japanese yen marked a significant climb on Wednesday, nearing its highest level since February as oil prices soared toward $100 per barrel due to escalating tensions in the Middle East. This development has made the U.S. dollar vulnerable against key currencies. Market participants are keenly awaiting U.S. inflation data…

The Economic Times · Sep 9

The yen's sudden surge upsets the carry trade faithful

The Japanese yen is experiencing a significant rally as anticipation grows for an interest rate hike from the Bank of Japan. This rapid rise is causing turmoil in the once lucrative yen carry trade, prompting investors to reevaluate their currency strategies. With cross-border yen loans hitting all-time highs, traders are…

The Economic Times · Sep 8

Global Market: Yen rally threatens to unravel lucrative carry trade ahead of BOJ rate decision

The Japanese yen has surged ahead of an expected Bank of Japan rate hike next week, disrupting the long-standing yen carry trade and prompting investors to unwind bearish yen positions. The yen strengthened to 152.89 per dollar, while markets now price a 97% probability of a 25-basis-point BOJ hike to…

The Economic Times · Sep 8

Yen headed for strongest week in a month, dollar flat ahead of payroll data

This week, the Japanese yen appreciated considerably against the US dollar, as traders are anticipating a potential interest rate hike from the Bank of Japan. Meanwhile, the broader currency markets are gearing up for important US payroll data releases. Federal Reserve officials suggested that if inflation eases, there may be…

The Economic Times · Sep 4

Dollar holds firm as Middle East hostilities lift oil

The dollar rose significantly on Wednesday due to climbing oil prices prompted by renewed conflicts in the Middle East, which rattled global markets. In addition, increasing Treasury yields fueled expectations of a potential rate hike by the Federal Reserve. Although recent economic reports underperformed, the market's outlook shifted positively towards…

The Economic Times · Sep 2