Dollar set to post weekly loss; Fed rate peak looms
Investing.com - The U.S. dollar weakened in early European trade Friday, extending earlier losses as traders positioned for the end of the Federal Reserve’s rate-hiking cycle, although moves have been limited ahead of the release of key nonfarm payrolls data later in the session.
This spurred increased bets that the central bank was done with its rate hikes for the year, and will begin cutting rates from mid-2024.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar Index outlook: Dollar eases on signals of likely peak in US interest ratesThe dollar index started trading with gap-lower and edged lower in early Thursday, deflated by dovish Fed.
Read more »
Mexican Peso rallies against US Dollar on expectations Fed is done hiking ratesMexican Peso (MXN) extends its rally against the US Dollar (USD), with the USD/MXN dropping below the important technical 200-day Simple Moving Average (SMA), as market participants speculate the US Federal Reserve (Fed) is done hiking rates after Wednesday’s decision.
Read more »
US Dollar extends its losses after Fed’s dovish toneThe US Dollar (USD) tumbled on Thursday, and the DXY index declined to 106.
Read more »
Dollar weakens as risk appetite rises on view Fed rate hikes are doneDollar weakens as risk appetite rises on view Fed rate hikes are done
Read more »
US Dollar Forecast: USD/JPY Slips but AUD/USD Breaks Out After Fed, NFP AheadThis article examines USD/JPY and AUD/USD from a fundamental and technical point of view, analyzing the key drivers that could guide the markets and that traders should focus on in the near term.
Read more »
US Dollar Nears Crucial Support Level Post-Fed: What's Next for the Greenback?Forex Analysis by Investing.com (Günay Caymaz) covering: EUR/USD, US Dollar Index Futures, EUR/USD exchange rate cash Futures, US Dollar Index. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Read more »