Further pressure on the US dollar is likely: UBS
The US dollar is expected to face increasing downward pressure in the coming months, despite a recent boost from stronger-than-anticipated economic data. As per...
The US dollar is expected to face increasing downward pressure in the coming months, despite a recent boost from stronger-than-anticipated economic data. As per...
The US dollar is expected to face increasing downward pressure in the coming months, despite a recent boost from stronger-than-anticipated economic data. As per...
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Overall annual U.S. inflation was unchanged in July, largely cementing a cut in interest rates by the U.S. Federal Reserve in September. According to data from the...
The Federal Reserve’s preferred inflation gauge gave the stock market the all-clear to cap off a stellar but turbulent month with some gains. The S&P 500 was up 0.5%. The Nasdaq Composite was up 0.8%.
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The US dollar spent a bit of time going back and forth for the week, as we are seeing a trendline offering a significant amount of support. The pair had recently started to go sideways, so it will be interesting to see whether the market can turn things around.
The Aussie dollar has rallied and fallen for the week, essentially showing a bit of hesitation. The market is currently threatening the massive major resistance barrier, in the form of the 0.6850 region. This is a market that has been very strong, and then suddenly stopped, which is a scenario
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The US dollar continues to see a lot of noisy behavior but is also trying to sort out if the Japanese yen is done acting like a wrecking ball against almost everything else.