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US Dollar: Treasury twist signals structural risks – Commerzbank
Commerzbank’s Volkmar Baur notes the US Dollar remains under pressure as EUR/USD trades around 1.17 following the US Treasury’s expansion of its Liquidity Support Buyback Operations.
Swiss Franc edges up against US Dollar amid heightened US debt concerns
The Swiss Franc (CHF) resumes its upside journey against the US Dollar (USD) on Friday after a corrective move the previous day. The USD/CHF pair is down 0.17% to near 0.7990 in the Asian trading session.
United States Dollar Index trades around 99.75-99.70, hangs near three-month low
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts fresh sellers during the Asian session on Friday, stalling the previous day's modest bounce from the vicinity of mid-98.00s, or the lowest since May 14.
Dow Jones Industrial Average repays the Treasury's rally with interest
Wednesday bought the bond market one session of calm and the Dow Jones Industrial Average spent Thursday paying for it with interest.
Forex Today: US Dollar firms ahead of global flash PMIs
The US Dollar Index (DXY) is hovering near 98.90, still short of 100.00, but grinding higher on Thursday. Hawkish commentary from Federal Reserve Bank of St.
The Dollar Index takes its floor from a Fed non-voter
The Dollar Index has spent Thursday building a floor just above 98.50 and defending it with everything the calendar had to offer, and the entire effort is worth roughly a tenth of a point.
Dow Jones Industrial Average sells the best outlook since 1983
The Dow Jones Industrial Average trades near 53,050, more than 400 points lower on the session, after two of the strongest American data points of the month arrived in the same 12:30 GMT block and were sold on delivery.
Fed's Musalem: Hiking rates now could save more aggressive action later
Federal Reserve Bank of St. Louis President Alberto Musalem is crossing the wires with remarks on the economy and the monetary policy outlook, speaking in an interview with CNBC on Thursday.
US Dollar: Debasement worries weigh after buyback – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the US Dollar (USD) is extending losses to its weakest level since mid-June as markets react to the US Treasury’s decision to double bond buybacks.
Canadian Dollar remains supported by rising Oil prices and US tariff pause
USD/CAD remains under pressure on Thursday even as the US Dollar (USD) stages a modest recovery following the previous day’s sharp selloff. Higher Oil prices support the commodity-linked Canadian Dollar (CAD), keeping the pair near a three-month low.
Euro eases from three-month high as US Dollar stabilises, Jobless Claims beat expectations
EUR/USD trims part of its earlier gains on Thursday as the US Dollar (USD) stabilises following the previous day’s sharp selloff. At the time of writing, the pair trades around 1.1686 after touching an intraday high of 1.1710, its highest level since May 14.
"More avenues opening for US Dollar weakness ahead": MUFG on why Treasury buyback could backfire
The US Dollar (USD) has extended its decline following the US Treasury’s unexpected decision to double its long-end bond buybacks, an intervention designed to push down long-term borrowing costs.
US Dollar: Consolidation after treasury buybacks – DBS
DBS Group Research strategist Chang Wei Liang notes ongoing Dollar weakness after the US Treasury unexpectedly doubled long-dated bond buybacks, pushing DXY below 99.