News and Blogs

The dollar index fell 0.43%, erasing most of Wednesday's gains as Treasury yields retreated. This decline followed a pessimistic Beige Book report and a series of dovish U.S. data releases on Thursday.

The dollar index rose 0.4% on Wednesday, bolstered by doubts over the extent of Fed easing, upward pressure on global borrowing costs, and geopolitical tensions that favored the safe-haven U.S. currency.

On Tuesday, the Dollar Index experienced a slight decline of 0.03% but later recovered from earlier losses as U.S. Treasury yields rebounded.

Despite holidays in the UK and U.S. significantly reducing global liquidity, E-minis and European stocks firmed, European yields fell, commodities climbed, and the USD slipped.

The USD index declined by 0.41% to 103.97 on Friday afternoon, influenced by softer U.S. durable goods revisions and lower one- and five-year inflation expectations in the University of Michigan report.

The dollar index reversed its earlier losses, gaining 0.1% to reach 105 in the U.S. afternoon session.

The USD index strengthened by 0.3% to 104.93 following the release of the Federal Reserve’s latest meeting minutes, which highlighted ongoing concerns about persistent inflation.

The dollar index remained steady on Tuesday, easing from early session highs after Fed Governor Christopher Waller indicated that the U.S. central bank's next move is unlikely to be a rate hike.

The dollar index experienced a slight increase of 0.06% during afternoon trading in New York, buoyed by a minor rise in long-end U.S. Treasury yields.

This week, the dollar index remained flat on Friday, ending the week much like it started.