Dow Jones Futures move sideways ahead of the opening on Tuesday, trading around 44,680, up by 0.01%. Meanwhile, S&P 500 Futures were up 0.08% at around 6,280, recovering some of the previous session’s losses.
The US Dollar jumped on Monday after Trump announced new tariffs on a first batch of countries, but it is struggling to extend gains on Tuesday, despite the ongoing risk aversion, as the outlook of global trade remains highly uncertain.The US Dollar Index (DXY), which measures the value of the Green
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent gains registered in the previous session and trading around 97.30 during the Asian hours on Tuesday.
The Dow Jones Industrial Average (DJIA) sank on Monday, falling back below key technical levels.
The US Dollar (USD) kicks off the week on a firmer footing against its major peers, underpinned by safe-haven demand and reduced odds of near-term Federal Reserve (Fed) interest rate cuts.
Dow Futures face a slight selling pressure ahead of opening on Monday after a holiday-stretched weekend. Unites States (US) equities trade lower in a risk-off market sentiment amid uncertainty surrounding the global trade in the countdown to the expire of 90-day tariff pause on July 9.
The US Dollar is one of the best performers among major currencies on Monday.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent losses and trading higher around 97.10 during the Asian hours on Monday.
The US Dollar (USD) eases on Friday, drifting lower in holiday-thinned trading and snapping a two-day winning streak.
Markets are adopting a risk-off approach ahead of the weekend. The US Dollar (USD) is narrowly mixed against the core majors but the JPY and CHF are outperforming on the day while high beta FX is tending to underperform, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The US Dollar Index (DXY), which measures the value of the Dollar against the world’s six most traded currencies, is retreating from Thursday’s highs at 97.40, and back to levels below the 97.00 level, as the euphoria from the strong payrolls report turned into caution as the tariffs deadline approa
However, when the markets reopen on Monday after today's Independence Day in the US, the labour market is likely to be long forgotten. Last night, Donald Trump scored another victory: Congress finally approved his Big Beautiful Bill, which he is expected to sign today.
Dollar gains on the back of a stronger US jobs report proved fleeting. While one can argue that the data perhaps was not as strong as the headlines suggested, the US bond market saw it as a good number and US yields are 10-12bp higher across the curve, ING's FX analyst Chris Turner notes.
US Dollar (USD) saw a bump higher overnight after payrolls report came in stronger than expected – NFP +147k (vs. 106k expected) while unemployment rate dipped to 4.1% (vs. 4.3%), initial jobless claims also fell.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its gains registered in the previous two sessions, trading lower around 96.90 during the Asian hours on Friday.
The Dow Jones Industrial Average (DJIA) punched in firm gains on Thursday, testing its highest bids in five months after US Nonfarm Payrolls (NFP) showed more jobs were added in June on a seasonally-adjusted basis than markets feared.
The Dollar Index (DXY) is attempting a recovery in the American session on Thursday, following the latest release of US employment data, which highlighted a resilient labor market.
The US Dollar (USD) is treading water on Thursday, trading flat in a tight range as traders turn their focus to the upcoming Nonfarm Payrolls (NFP) report at 12:30 GMT.
Markets are not quite at a standstill but they are not far off. The US Dollar (USD) is mixed against its major currency peers but movement is minimal among the core majors, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
US Dollar (USD) traded mixed overnight, with losses seen vs. TWD, THB and precious metals but traded largely firmer against most currencies including GBP, AUD, NZD and MYR. DXY was last at 96.83 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
While forecasters are overwhelmingly bearish on the dollar now – and some are bearish on a multi-quarter basis too – one possible shoe still to drop is the possibility of early Fed rate cuts, ING's FX analyst Francesco Pesole notes.
The US Dollar Index (DXY), which measures the value of the Dollar against the world’s six most traded currencies, keeps wavering below the 97.00 area, unable to take off from multi-year lows, after having lost more than 2% during the last two weeks.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, remains on the defensive near 96.70 during the early Asian session on Thursday.
The Dow Jones Industrial Average (DJIA) tested the low side on Wednesday, knocking back the early week’s bullish tilt after ADP Employment Change figures widely missed the mark and came in well below forecasts.
The US Dollar (USD) is trading with a slightly positive tone on Wednesday, bouncing back a bit after hitting the lowest level since February 2022 on Tuesday.
The US Dollar (USD) eased yesterday, leaving the Dollar Index (DXY) at a new cycle low briefly, while Canada was enjoying its national holiday.
Unfortunately, there is currently only one major topic on the foreign exchange market: the US Dollar (USD). And the storm clouds seem to be gathering.
USD’s pace of decline somewhat moderated overnight, in response to better-than-expected US data – ISM manufacturing, prices paid, JOLTS job openings. DXY was last at 96.90 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Fed Chair Jerome Powell stuck to his usual cautious tone in Sintra, reiterating a strict data-dependent approach that is set to keep the dollar extremely sensitive to jobs and inflation figures.
The US Dollar is trading with a mild positive tone on Wednesday, supported by strong US jobs data and a moderate improvement in manufacturing activity that eases pressure on the Fed to cut interest rates.The US Dollar Index, which measures the value of the Greenback against the world’s most traded c