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US Dollar Holds Steady as Mixed Jobs Data Fuels Uncertainty Ahead of Key Fed Decision

The reaction of the US Dollar Index in light of August’s Nonfarm Payrolls was mixed, providing little cues about implications of the jobs report for the Fed rate cut odds. While the initial data...

EUR/USD Rebound: Fed’s Rate Cut Speculation Puts Pressure on USD as Labor Market Weakens

The rebound of EUR/USD above the 1.1100 mark on Thursday highlights the vulnerability of the US Dollar to economic data that hints at a weakening labor market. The release of the ADP Employment Change...

Dollar Plunging As Jobs Fears Resurface

DXY Slips on Jobs MissThe US Dollar is turning lower again today on the back of weak labour market data yesterday, potentially warning of softer readings to come at tomorrow’s headline NFP release....

What Next for The US Dollar?

Dollar Falls on Dovish Powell CommentsThe US Dollar is back in the spotlight following dovish comments from Fed chairman Powell on Friday. With traders now pricing in a higher likelihood of...

US Dollar Gains on Strong Durable Goods Data as Powell Keeps Markets Guessing

This week, the spotlight is firmly on the US dollar, buoyed by a remarkable surge in Durable Goods Orders and the ongoing reverberations from Federal Reserve Chairman Jerome Powell's speech at...

Copper Losing Steam As US Job Fears Resurface

US Jobs Concerns Stall Copper RallyThe recovery rally in copper has lost a little momentum this week with prices seeing a shallower, more laboured move higher. US Dollar weakness has been a strong...

Dovish Fed Shift Sends Bearish USD Signals

FOMC Minutes Show Growing Rate Cut SupportLast night’s FOMC minutes delivered on the dovish side as expected. The minute showed that several members were in favour of a cut last month while the ‘vast...

Big Bearish Risks for USD This Week

Dollar Heading LowerThe US Dollar is starting the week on a negative footing with the Dollar Index seen testing new monthly lows. With plenty of US data/event risk this week, this initial weakness...

Dollar Down on Fresh Inflation Fall

CPI Slips FurtherThe US Dollar is trading lower today on the back of yesterday’s July inflation data. Headline annualised CPI was seen cooling to 2.9%, below the prior and expected 3% reading the...