The aftermath of the fiery U.S. presidential debate has had a significant impact on Asian currencies. As the dollar retreated, most Asian currencies gained ground, signaling a shift in the foreign exchange market. The debate, which escalated into personal attacks between the candidates, has further heightened uncertainty in the market. This article delves into the
Forex
Citi recently shared its perspective on the US dollar, predicting a potential weakening in the near term. Despite maintaining a bullish stance on the currency for the next one to two months, the brokerage firm believes that the current market conditions do not support a broad strengthening of the dollar. Instead, Citi suggests that safe-haven
UBS has advised investors to sell any potential short-term gains in the US dollar, taking a more bearish stance on the currency for the medium term. While acknowledging a possible corrective rebound in September, particularly due to the Federal Reserve’s cautious approach to rate cuts, UBS warns that the current market positioning data indicates vulnerability
In the Asian market, most currencies saw minimal movement on Tuesday as the dollar began to advance, setting the stage for upcoming key inflation data that will impact U.S. interest rates. Despite recent losses in regional currencies due to concerns about global economic conditions, the anticipation of potential U.S. interest rate cuts helped stabilize losses
The Swiss National Bank (SNB) is currently facing a challenging situation due to the unexpected slowdown in Switzerland’s inflation and the strength of the Swiss franc. The recent decline in inflation to 1.1% year-on-year in August, below both the previous month’s figure and the anticipated level, indicates a concerning trend. This decrease suggests that third-quarter
The U.S. dollar has faced challenges in recent days as disappointing economic data has increased expectations of a significant interest rate cut by the Federal Reserve later in the month. The Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.2% to 101.139, marking a decline from the two-week
The US dollar recently surged to a two-week high when compared to the euro as investors braced themselves for a week filled with significant data, notably the US payrolls report scheduled for release on Friday. This particular jobs report is expected to hold significant weight as it will influence the Federal Reserve’s upcoming decision on
The U.S. dollar has experienced a slight dip in value but remains near a recent two-week high, as investors eagerly await the release of the upcoming U.S. jobs report at the end of the week. As of 18:40 EST (22:40 GMT), the U.S. dollar index showed a 0.1% decrease, standing at 101.64. The EUR/USD pair
The U.S. dollar experienced a slight decline on Monday amidst thin trading due to the Labor Day holiday in the United States. Traders are eagerly anticipating crucial labor market data for signals on potential Federal Reserve interest rate adjustments. At 05:55 ET (09:55 GMT), the Dollar Index, which measures the dollar against a basket of
The recent analysis from UBS paints a bleak picture for the US dollar, indicating that it is expected to face increasing downward pressure in the coming months. Despite a temporary boost from stronger-than-anticipated economic data, the outlook for the greenback remains bearish. This is driven by a combination of factors including narrowing interest rate differentials,