USD

As the North American session begins, the US dollar is the strongest and the Swiss franc is the weakest. Japan was on holiday today and so was Canada (Thanksgiving). The US has a semi-holiday period but US stocks are open (Columbus Day).…

The US September jobs report beat expectations today, with non-farm payrolls rising by 254,000 compared to expectations of 140,000. The unemployment rate decreased slightly to 4.1%, approaching 4.0%, and the participation rate stabilized at…

Growth-supporting currencies have struggled recently, but upcoming economic data and central bank meetings are expected to cap further gains in the US dollar, UBS noted while providing insight into recent currency market movements. UBS's…

The US dollar remained stable as markets processed rising geopolitical risks in the Middle East and awaited more US economic data. This stability comes despite the general move towards safe haven assets in foreign exchange markets, which…

Citi provided a comment on the potential impact of the upcoming jobs report on the US dollar. The report, which is scheduled to be released on Friday, has markets anticipating different outcomes for currency pairs that include the US…

The Fed chairman hit the brakes after saying that if all goes as planned, there will be two more cuts in 2024. Expectations for a 50 basis point cut fell to 36%. At one point last week, the forecast was around 60%. USDJPY: USDJPY rose to…

US PCE data was below expectations and helped push the US dollar lower. For EURUSD, the price moved above the swing zone between 1.1181 and 1.11897. Next targets are at 1.1200 and this week's high at 1.12130. Passing these levels will make…

Today's economic data focused on Canada where retail sales rose by a stronger-than-expected 0.9% but prices were lower than forecast.In the US, two days after the Federal Open Market Committee cut interest rates by 50 basis points, Waller,…

Basic OverviewLast Thursday, The Wall Street Journal’s Timiraos published an article that seemed to suggest that a 50 basis point cut was still under discussion. The market responded by raising the odds of a 50 basis point cut to about 40%…

Basic OverviewLast Thursday, The Wall Street Journal’s Timiraos published an article that seemed to suggest that a 50 basis point cut was still under discussion. The market responded by raising the odds of a 50 basis point cut to about 40%…