Tag: USD
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AUD/USD Dips as Aussie PMI Looms and RBA Inflation Focus Holds Markets
USD Dips Ahead of Australian PMI as RBA Monitor Inflation The currency pair AUD/USD traded around 0.6440 in European trading on Thursday, edging lower as investors positioned themselves ahead of the flash S&P Global Purchasing Managers’ Index (PMI) for November. The broader backdrop remains cautious, with traders balancing domestic Australian data against ongoing U.S. dollar…
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USD Treads Lower as AUD Pauses Ahead of Australian PMI and RBA Inflation Watch
USD weakness persists ahead of Australian PMI and RBA commentary The U.S. dollar continued to soften on Thursday as traders positioned for upcoming Australian data, with the AUD/USD pair trading lower around 0.6440 at the time of writing. Market attention has shifted to the flash S&P Global Purchasing Managers’ Index (PMI) for November, due for…
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USD Drops as Australian PMI Looms and RBA Watches Inflation
USD Slips as Australian PMI Data and RBA Inflation Watch Drive Markets The U.S. dollar softened against major peers on Thursday, while the AUD/USD pair traded around 0.6440 as traders braced for the flash S&P Global PMI data for November. The market mood remained cautious as investors weighed the latest signs on inflation and monetary…
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Peso Reaches New Record-Low of P59.17 per $1 as USD Strengthens
Philippine peso sinks to record low amid global dollar strength The Philippine peso hit a fresh record-low on Wednesday, sliding to around P59.17 per $1 as investors continued to weigh political developments at home against a broad rally in the U.S. dollar. The local currency declined for the second consecutive trading session, extending a trend…
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Dollar Hits 3-Month High as Traders Reprice Bets on Fed Cuts
Dollar at a Three-Month Peak as Fed Expectations Shift The U.S. dollar held firm near a three-month high on Tuesday, supported by a split in Federal Reserve expectations that cooled near-term rate-cut bets. Traders paused after rallying in recent sessions, weighing the possibility that the central bank will maintain higher-for-longer policy for longer than some…
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Dollar Holds Near 3-Month High as Fed Divisions Pause Near-Term Rate-Cut Bets
Dollar Holds Near Three-Month High Amid Federal Reserve Uncertainty The U.S. dollar hovered just below a three-month peak on Tuesday as market participants reassessed bets on when the Federal Reserve might cut rates. A chorus of voices within the Fed has signaled a cautious stance on near-term easing, leaving traders to pare expectations for a…
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Dollar Falls as US Government Shutdown Sparks Selloff
Dollar Falls as U.S. Government Shutdown Sparks Selloff The dollar index, which tracks the greenback against six major currencies, slipped 0.2% on Wednesday to 97.61. That small move masked a broader concern: the greenback is about 10% weaker for 2025 so far, a pace that would mark its worst annual performance since 2003 when it…
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Dollar Falls on U.S. Shutdown: Worst Decline in 22 Years
Market snapshot: dollar slides amid U.S. government shutdown The U.S. dollar added to its losses on Wednesday after lawmakers failed to avert a government shutdown, sparking fresh questions about the economy’s near-term trajectory. The dollar index, which tracks the greenback against a basket of six major currencies, dipped 0.2% to around 97.61. With this move,…