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The Dow Jones Industrial Average discovers the virtue of owning few semiconductors
The Dow Jones Industrial Average (DJIA) added roughly 160 points, or 0.3%, to trade near 52,800 on Thursday while the S&P 500 slipped 0.2% and the NASDAQ Composite shed 0.9%.
NZD/USD Price Forecast: Buyers retain upper hand near one-month highs
NZD/USD fluctuates between minor gains and losses on Thursday as the Reserve Bank of New Zealand’s (RBNZ) hawkish stance supports the Kiwi, while a stronger US Dollar (USD) caps the upside. At the time of writing, the pair trades around 0.5842 after climbing to a one-month high earlier this week.
US Dollar Index: Decline seen overdone – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) has steadied near a one‑month low after softer United States (US) Producer Price Index (PPI) and Consumer Price Index (CPI) data weighed on Fed funds pricing.
US Dollar: Retail sales slowdown view – TD Securities
TD Securities’ macro team expects June US Retail Sales to stagnate at 0.0% month-on-month, versus the consensus 0.2%. They see weakness led by the control group, negative gasoline sales from falling prices, and a drop in food services, partly offset by strong auto sales.
US Dollar: Losing more ground – ING
ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note the Dollar remains under pressure after softer US CPI and PPI data, with FX volatility declining and Brent around $85.
US Dollar: Softer inflation weighs on outlook – MUFG
MUFG’s Lee Hardman notes that the US Dollar has weakened, with the US Dollar Index (DXY) moving back towards 100.00 as softer June CPI and PPI data point to a lower monthly core PCE reading and reduced pressure on the Federal Reserve to tighten policy.
Dow Jones futures remain subdued ahead of US Retail Sales, Jobless Claims data
Dow Jones futures edge lower by 0.02% to trade around 52,890 during European trading hours on Thursday. Meanwhile, S&P 500 futures and Nasdaq 100 futures decline 0.06% and 0.24%, trading near 7,610 and 29,620, respectively.
US Dollar Index Price Forecast: Waning hawkish Fed bets back more downside
The US Dollar (USD) remains under pressure as traders have repriced the Federal Reserve’s (Fed) interest rate hike expectations. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, holds onto Wednesday’s losses near 100.48.
British Pound remains muted as UK monthly GDP rises 0.1%, as expected
The British Pound (GBP) remains almost muted against its major currency peers after the release of the monthly United Kingdom (UK) Gross Domestic Product (GDP) data for May.
South Korean Won edges up against US Dollar as BoK hikes interest rates
The South Korean Won (KRW) reflects broader strength against the US Dollar (USD) as the Bank of Korea (BoK) delivers its first interest rate hike in three-and-a-half years, raising rates by 25 basis points (bps) to 2.75%.
United States Dollar Index struggles near 100.50, multi-week low amid fading Fed hike bets
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, is seen consolidating around the 100.50 region during the Asian session on Thursday, close to the nearly four-week low touched the previous day.
US Dollar: Softer inflation trims yield upside – MUFG
MUFG’s Lloyd Chan notes that softer US inflation in June has reduced upside risks to US yields, leading markets to unwind much of the July Federal Reserve hike pricing and scale back tightening expectations for 2026.
Dow Jones futures edge lower as traders weigh on US-Iran tensions
Dow Jones futures inch lower by 0.04% to trade around 52,770 during European trading hours on Wednesday. Meanwhile, S&P 500 futures and Nasdaq 100 futures advance 0.19% and 0.79%, trading near 7,600 and 30,030, respectively.