Logo-color Logo-white

Dollar, which has dominated currency markets in recent weeks, finally eased back last week. But this retreat does not necessarily indicate a reversal of its upward momentum. Instead, the greenback appears to be taking a breather ahead of the impending US presidential election. Closing as the second strongest performer among major currencies, Dollar still has […]

The post Dollar Dominance Temporarily Halts Pre-Election, Upside Potential Remains appeared first on Action Forex.

previous

Dollar Falls on Weak NFP Job Growth, But Losses Remain Limited

next

Dollar Slides as Harris Takes Iowa Lead; FOMC Adds to High-Stakes Election Week

Read More

Dollar Steady ahead of FOMC, Sterling Weakens on GDP Data
13/12/2023

Dollar Steady ahead of FOMC, Sterling Weakens on GDP Data

The currency markets are currently in a state of anticipation, with Dollar trading within familiar range as investors await FOMC rate decision. The critical question facing the markets is whether Fed will signal the pace of rate cuts in its updated dot plot. In September, the median projection indicated the federal funds rate would remain […]
Aussie Struggles Persist as Disinflation Raises Rate Cut Prospects
30/10/2024

Aussie Struggles Persist as Disinflation Raises Rate Cut Prospects

Australian Dollar’s misery continues today, firstly pressured by Q3 inflation data that showed encouraging progress on disinflation. This development has strengthened the case for RBA to keep interest rates unchanged at 4.35% in its upcoming meeting next week. More importantly, a rate cut in February now appears more probable than ever. While there are some […]
Dollar Rises on Jobless Claims, Fed Cut Expectations Continue to Shift
18/01/2024

Dollar Rises on Jobless Claims, Fed Cut Expectations Continue to Shift

Dollar bounces in early US session, buoyed by unexpectedly low initial jobless claims data, which also lifts US 10-year yield. One of the key themes emerging this week is recalibration of market expectations regarding rate cut by Fed in March, with the probability now down to around 56%. Today’s job data is likely another factor […]