The US dollar is mixed against several major currency rivals on Tuesday after the latest industrial and manufacturing output numbers were published. But global financial markets are bracing for the Federal Reserve’s decision on interest rates, which the market is now split on. In the backdrop is low-level US-China trade discussions restarting later this week.
The US dollar was mixed during the past trading week, rising against some most-traded rivals but falling versus others. While the developments in the US-China relations were good, traders were reluctant to buy the greenback ahead of the upcoming Federal Reserve meeting.
The Japanese yen is mixed midweek as new data is sending signals that the nation’s manufacturing sector is weakening. With uncertainty engulfing the global economy and Japan potentially facing a recession, the Bank of Japan (BOJ) is being pushed to be more accommodative by easing monetary policy. Prime Minister Shinzo Abe assured financial markets that Japan will not be a drag on the rest of the world, suggesting that he […]
The US dollar ended the past trading week among the weakest currencies on the Forex market, along with the Japanese yen and the Swiss franc, due to risk appetite among traders. Negative domestic employment data also hurt the greenback. Commodity currencies were the strongest.
The US dollar is falling against a few major currency rivals to close out the trading week, driven by a lower-than-expected jobs report in August. The disappointing labor numbers are likely enough to give the Federal Reserve the evidence it needs to pull the trigger on a second cut to interest rates later this month. But it could spell bad news for the greenback’s strength, something that the administration is hoping for.
The US dollar is edging slightly higher on Thursday against several major currency rivals, driven by a potential de-escalation in US-China trade tensions and optimism over the upcoming August jobs numbers. The flurry of positive economic data also contributed to the greenback’s rebound.
The US dollar ended the week as the strongest currency on the Forex market, though commodity currencies like the Australian and Canadian dollars (but not the New Zealand dollar) were following close behind. The developments in the US-China trade conflict was one of the main drivers for the market during the week.
The US dollar ended the week mixed. While the week was expected to be important for markets due to several important events, the actual market mover was unexpected worsening of trade tensions between the United States and China.
The Chinese yuan is weakening against multiple currency rivals at the end of the trading week. The yuan’s slide is being driven by another escalation in the ongoing US-China trade spat. Expectations of bearish industrial profits and manufacturing data have also contributed to the currency’s latest dip.
The US dollar gained against its Australian and Canadian counterparts but otherwise was rather soft today. There were plenty of reasons for the dollar’s weakness: the outlook for interest rate cuts, escalation of the US-China trade war, and poor US housing data.
