Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
The US Dollar Index sits still through two hawkish speeches
The US Dollar Index trades just above 99.00 on Thursday, unchanged on the session across a range of less than a fifth of a point. That sits roughly 2.6% beneath the June peak just under 102.00 and beneath a rolling 50-day Exponential Moving Average (EMA) near 100.00 and a flat 200-day near 99.75.
US Treasury Bessent to press G20 ministers on Iran funding
The US Treasury Secretary Scott Bessent said on Thursday that he will ask finance ministers at the G20 meeting to cut off economic flows that sustain the Iranian regime and the Islamic Revolutionary Guard Corps, according to Fox Business News.
Forex Today: Jackson Hole and US jobs in the limelight
The US Dollar (USD) has navigated an inconclusive range on Thursday, struggling to build on the previous day’s gains and briefly reaching multi-day peaks.
Twenty-eight names eat the Dow Jones Industrial Average's two blowouts
The Dow Jones Industrial Average (DJIA) trades near 53,600 on Thursday, ahead 0.29% in the session across a range running from the 53,300 area to just above 53,700.
Fed's Goolsbee warns political interference with Fed could fuel inflation
Chicago Federal Reserve (Fed) President Austan Goolsbee said on Thursday that the economy remains broadly stable but warned that tariffs and war-related price increases are complicating the inflation outlook.
US Dollar: Fed repricing risk weighs on usd – BBH
Brown Brothers Harriman’s (BBH Elias Haddad notes the US Dollar (USD) is consolidating gains, with the US Dollar Index (DXY) testing its 200‑day moving average resistance and United States (US) data showing Personal Consumption Expenditures (PCE) Price Index inflation stuck above the Fed’s 2% target
NZD/USD Price Forecast: Kiwi dips below 0.5950 as US Dollar strengthens
The New Zealand Dollar (NZD) heads lower for the second consecutive day against a stronger US Dollar (USD) on Monday, as hot US inflation data released on Wednesday has renewed pressure on the US Federal Reserve (Fed) to hike interest rates in the coming months.
US Dollar: Policy reality supports resilience – OCBC
OCBC Bank strategists Sim Moh Siong and Christopher Wong argue that Treasury buybacks are unlikely to trigger sustained Dollar weakness without clear Federal Reserve support to cap yields.
United States Dollar Index gains support as strong US data sparks rate hike expectations
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining stronger for the second successive day and trading around 99.20 during the European hours on Thursday.
US Dollar: Warsh speech keeps markets cautious – ING
ING strategist Francesco Pesole sees recent United States (US) Personal Consumption Expenditures (PCE) Price Index data as consistent with disinflation but too gradual to force Federal Reserve (Fed) hikes this year.
Dow Jones futures advance as strong Nvidia outlook lifts market sentiment
Dow Jones futures gain by 0.18% to around 53,620 during European hours on Thursday. Meanwhile, S&P 500 futures rise by 0.41%, to trade near 7,720, and Nasdaq 100 futures advance by 0.89% to trade around 29,550.
US Dollar: Inflation data supports gains – UOB
UOB Global Economics & Markets Research notes that US PCE inflation for July slightly exceeded expectations, helping US Treasury yields to rise and supporting the US Dollar against most G10 currencies.
United States Dollar holds gains near 99, all eyes on Jackson Hole Symposium
The US Dollar (USD) clings to previous day’s gains on Thursday, driven by a sticky United States (US) Personal Consumption Expenditure (PCE) Price Index report for July.