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updated Mon. May 30, 2022

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Yesterday's FOMC rate decision was fairly interesting as the bank hiked rates while warning that more tightening was on the way; and yet the US Dollar put in another move of weakness to break back-below the 90.00 level on DXY. While the Dollar caught a bid for the first five minutes after the release of the ...
KUALA LUMPUR: The ringgit ended lower against the US dollar today, tracking the performance of most Asian currencies on heightened worries over a US trade war with China, dealers said. At 6pm, the local note was quoted at 3.9150/9200 against the US dollar compared with Thursday's 3.9120/9150.

The rupee depreciated by 8 paise to 65.19 against the US dollar in early trade today on sharp losses in global equity markets after US President Donald Trump imposed $60 billion of tariffs on Chinese imports. Trump yesterday directed the US trade representative to level tariffs on about $60 billion worth of ...
KUALA LUMPUR: The ringgit was slightly higher against the US dollar in the morning session on sustained demand for the local unit, said a dealer. ... given the massive wave of risk aversion gripping the market, and is expected to gravitate towards the higher end of the current range against the US dollar.
The printing of US dollars to cover annual shortfalls between government revenues and expenses fueled the national debt level, which was further exacerbated by consumers borrowing and spending. Openness to trade increased consumption of imports that directly substituted American-made products, ...

The yen hit a 16-month high against the United States dollar on March 23, while the Turkish Lira skidded to a record low as rising global trade tensions triggered a bout of investor jitters. The yen rose amid talk of position unwinding by Japanese retail investors, who had held long positions in higher-yielding ...
The Turkish lira touched new lows against the U.S. dollar and the euro Friday as rising global trade tensions triggered a bout of investor jitters. The lira slid to a record low of 4.0375 per U.S. dollar at one point. After paring some of its losses, the Turkish currency last stood at 3.965 per dollar, still down ...

A weaker U.S. dollar index again today is supporting the precious metals markets. April Comex gold futures were last up $8.30 an ounce at $1,329.70. May Comex silver was last up $0.086 at $16.505 an ounce. World stock markets were mostly lower overnight. U.S. stock indexes are pointed toward lower ...
In detail, the former means, for example, if the RMB is pegged to the basket of currencies consisting of 1 unit of the U.S. dollar and 6 units of Japanese yen, then because of changes in the U.S. dollar/Japanese yen exchange rate, which is out of China's controls, China has to change the U.S. dollar/Chinese ...
NEW YORK, March 9 (Xinhua) -- The U.S. dollar index decreased against most other major currencies in late trading on Friday, even though the ... In February, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to 26.75 U.S. dollars, following a 7-cent gain in January.
Although the data increased the likelihood of interest rate rises, slower wage gains pointed to only a gradual increase in inflation. The US dollar index was down slightly against a basket of currencies, making dollar-priced gold less expensive for purchasers with other currencies. "Gold is (also) seeing some ...
[NEW YORK] The US dollar was firm against a basket of currencies on Friday as US job growth recorded its best month in over 1-1/2 years in February while wage gains slowed more than expected, supporting the view the Federal Reserve would not quicken its pace on raising interest rates. The yen fell ...
Last month, average hourly earnings unexpectedly grew at an impressive 2.9 percent on-year, the fastest in almost a decade. That stoked fears of faster tightening than markets had accounted for, sinking risky assets and pushing the US Dollar upward. Survey data hints at more of the same this time around.
The headline print of +313k crushed the expectation of +205k; but disappointing Average Hourly Earnings has helped to temper any bullish drive in the US Dollar. This highlights the importance of inflation data to near-term USD price action, while the longer-term theme of weakness, driven in-part by fiscal ...
The US Dollar Index closed the previous week with minor gains, but the index suffered after the announcement about tariffs last week. Historically, US tariffs on imports have been negative for the US dollar. If the current proposal becomes a law, the US dollar could have a similar fate. The chance of a faster ...


 

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