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United States Dollar Index strengthens to near 101.50, US ADP and PCE data loom
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.40 in the early European trading hours on Wednesday.
Dow Jones Industrial Average retests its floor as consumer confidence sinks
The worst US consumer confidence reading since 2014 should have been enough to break the Dow Jones Industrial Average's September floor near 51,100, and the floor held for a third time.
United States Dollar Index approaches yearly peak on hawkish Fed outlook
The US Dollar Index (DXY) extends gains on Tuesday, approaching its year-to-date high as expectations of further Federal Reserve (Fed) interest-rate hikes drive strong demand for the Greenback.
Fedâs Williams says no rush after September hike
The New York Fed Governor John Williams said that he âsees no need for urgency after September rate hike,â a dovish statement that pushed the US Dollar Index (DXY) modestly lower, though it remains positive in the day.
Fedâs Goolsbee: Persistent inflation is like âplaying with fireâ
Chicago Federal Reserve (Fed) President Austan Goolsbee, a voter in the Federal Open Market Committee (FOMC) in 2027, said Tuesday that âthe fact that we have been 5 Âœ years above inflation target is playing with fire,â adding that âmassive deficitsâ can overheat the economy.
Forex Today: Focus shifts to US PCE, ADP, inflation in OZ and Chinese PMIs
The US Dollar (USD) has accelerated its recovery, adding to the positive start to the week and clinching new multi-week tops, always helped by the persistent advance in US Treasury yields and unabated geopolitical concerns.
Fedâs Musalem says policy still accommodative as demand fuels inflation
St. Louis Federal Reserve (Fed) President Alberto Musalem crossed the wires on Tuesday, saying that central bankers neednât make promises but should tell the public how and why the central bank makes policy decisions.
Fedâs Barr calls economy âstrikinglyâ resilient, defends last hike
Federal Reserve (Fed) Governor Michael Barr said Tuesday that he sees âelevated wage rates in the skilled trades,â and added that the resilience of the US economy is âstriking.â
Fedâs Barr says policy needs recalibration, more adjustments likely
Federal Reserve (Fed) Governor Michael Barr said on Tuesday that âthere is a need to recalibrate policyâ and that the base case is that âfurther policy adjustmentsâ are likely needed.
US CB Consumer Confidence Index eases to 81.9 in September
US consumer sentiment loses some momentum in September, as the Conference Boardâs Consumer Confidence Index recedes to 81.9 from Augustâs 88.6 (revised from 89.4).
US JOLTS Job openings dropped to 7.079 million in August
According to Tuesdayâs Job Openings and Labor Turnover Survey (JOLTS) from the US Bureau of Labor Statistics (BLS), job openings totaled 7.079 million at the end of August.
US Dollar: DXY approaches June high â BBH
Brown Brothers Harrimanâs Elias Haddad notes the Dollar is edging higher against major currencies, with the DXY index approaching its June 24 high near 101.80.
AUD/USD Price Forecast: Breaks below 61.8% Fibo retracement at 0.7010
The Australian Dollar (AUD) underperforms its major currency peers during the European trading session on Tuesday. The antipodean is down almost 0.4% below 0.7000 against the US Dollar (USD).