The dollar extends losses to reach a nine-day low against a basket of currencies as investors trim bets on the Federal Reserve raising interest rates and await key U.S. jobs data at 1230 GMT. Fed Chair Kevin Warsh reaffirmed his commitment to price stability but said inflationary risks had eased du…
By Harry Robertson and Satoshi SugiyamaThe Japanese yen rose sharply against the dollar on Thursday as traders braced for possible intervention from Japanese authorities, who signalled a new approach to bolstering the chronically weak currency.The yen rally helped knock the dollar down against its…
U.S. employment data in June may be distorted by temporary hirings related to the FIFA World Cup, Barclays Private Bank and Wealth Management's Julien Lafargue says in a note. "The data may also be distorted as hiring linked to the FIFA World Cup may have temporarily boosted employment in sectors s…
The dollar edges lower ahead of the U.S. nonfarm payrolls report at 1230 GMT as investors look for evidence on whether the Federal Reserve should raise interest rates as markets expect. With the U.S. and Iran signing a memorandum of understanding in June to end the war, the U.S. labor market comes…
By Satoshi SugiyamaThe dollar held tight ranges on Thursday as markets awaited key U.S. jobs data for clues on the rates outlook, while the yen's slide to 40-year lows against the greenback and thin trade ahead of a U.S. holiday kept traders on high alert for intervention.The dollar index TVC:DXY…
The U.S. dollar may be emerging from nearly a year of stagnation, with strategists increasingly arguing that the world's reserve currency is poised for a more sustained advance.The U.S. dollar index has spent the past 11 months in a relatively narrow range. But experts highlighted that recent price…
DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, JULY 2, 2026In-Town PoolTV Corr & Crew: CBSSecondary TV Corr: FOX BusinessPhotos: AP, AFP, NYT, Reuters, GettyPrint: Daily CallerSecondary Print: LA TimesRadio: APNew Media: NTDEDT:9:00 AM In-Town Pool Call Time8:00 AM THE PRESIDENT participates in Exe…
By Stella QiuAsian shares skidded on Thursday as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for U.S. jobs data that could gives hints about the risk of interest rate hikes.Oil prices hit new four-month lows, with Brent crude ICEEUR:BRN1…
The yen consolidates against the dollar and other currencies ahead of the U.S. nonfarm payrolls report due today. This report "poses upside risks to USD/JPY," two members of CBA's Global Economic & Markets Research say in a research report. "Another upside surprise in payrolls will likely encourage…
By Satoshi SugiyamaThe dollar held steady on Thursday as markets awaited key U.S. non-farm payrolls data, while the yen's slide to 40-year lows against the greenback and thin trading ahead of a U.S. holiday kept traders on high alert for intervention.The dollar index TVC:DXY, which measures the gre…
The dollar index was little changed at around 101.4 on Thursday after experiencing heightened volatility in the previous session, as investors cautiously awaited the June jobs report for fresh insights into labor market conditions and greater clarity on the Federal Reserve’s policy outlook.Data rel…
WASHINGTON (dpa-AFX) - The U.S. Dollar value edged higher as investors assessed the ongoing bets on rate hike by the U.S. Federal Reserve along with Fed Chair Kevin Warsh's remarks highlighting inflationary pressures. The plunge today in crude oil prices capped the gains.The U.S. Dollar Index, DXY…
By Karen BrettellThe dollar gained ahead of a closely watched U.S. jobs report due on Thursday, but pared its earlier increase after Federal Reserve Chair Kevin Warsh said that inflation expectations and inflation risks have eased in recent weeks.The Japanese yen, which had earlier slumped to a 40…
--ISM’s Spence: Not Much Stockpiling During Iran War as Seen in Early Days of High US Tariffs Slapped Last Year--Spence: Still Cautious about 2026 Outlook but June, Semiannual Reports Indicate Optimism Among Firms(MaceNews) - U.S. manufacturing activity expanded for the sixth straight month in June…
US ATLANTA FED GDPNOW MODEL ESTIMATES US 2Q GDP GROWTH RATE AT 1.2%, DOWN FROM 2.5% ON JUNE 25, AFTER LATEST ECONOMIC INDICATORS
The U.S. dollar has enjoyed a strong run since tensions in the Middle East escalated, driven by robust safe-haven demand and expectations that higher oil prices could keep inflation elevated, reinforcing the case for a hawkish Fed.According to TradingView, the U.S. Dollar Index (DXY) has gained 2.4…
US ISM’S SPENCE TO REPORTERS: RECENT EXPANSION IN MFG SECTOR NOT MUCH FROM STOCKPILING AS SEEN IN EARLY DAYS OF HIGH US TARIFFS IMPOSED LAST YEAR
By Karen BrettellThe dollar pared earlier gains on Wednesday after Federal Reserve Chair Kevin Warsh said that inflation expectations and inflation risks have eased in recent weeks, ahead of a closely watched jobs report due on Thursday.The Japanese yen, which had earlier slumped to a 40-year low a…
US ISM’S SPENCE: OPTIMISM AMONG MFG FIRMS ALSO IN THEIR 2026 JOBS GROWTH FORECAST OF +1.4%, NOT BIG NUMBER BUT TRIPLE FROM +0.4% PROJECTED IN DECEMBER
The US dollar index rose to 101.3 on Wednesday, easing from the 15-month high of 101.6 earlier in the session after Fed Chairman Warsh said that inflationary risks are lower.The remark was aligned with a reduction in the ISM Manufacturing prices gauge, aided by the pullback in energy prices, and ta…
