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New Zealand Dollar holds steady amid a firm US Dollar
NZD/USD hovers around the 0.5870 zone at the time of writing on Tuesday, marginally lower on the day. The pair is treading water as a firm US Dollar (USD) and a cautious market mood keep the New Zealand Dollar (NZD) on the back foot.
US President Trump says no Iran talks;Â naval blockade remains
The US President Donald Trump posted on his social network that “there are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran. The Naval Blockade remains in full force and effect. The Hormuz Strait is open and operating.
Forex Today: US Dollar firms on Hormuz jitters ahead of UK CPI and FOMC Minutes
The US Dollar Index (DXY) held a firm tone near the 99.60s on Tuesday, keeping a mild safe-haven bid as tensions around the Strait of Hormuz stayed front and center. Gold and Oil both sold off, and most major currencies drifted lower against the Greenback.
A two-decade yield high buys the Dollar Index nothing
The highest long-dated US yields in nearly two decades have moved the US Dollar Index (DXY) by three hundredths of a point.
The Dow Jones Industrial Average has a term premium problem
A quarter-point Federal Reserve (Fed) increase by December stopped being a certainty over the past eight days, and the Dow Jones Industrial Average is lower for it.
US Dollar: Safe haven status faces debt-market strains – Rabobank
Rabobank’s Senior FX Strategist Jane Foley discusses how rising global bond yields and mounting concerns over United States (US) fiscal discipline are challenging the traditional safe haven role of US Treasuries and the US Dollar (USD).
US Dollar: Dovish Fed repricing versus strong flows – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights a mixed backdrop for the Dollar, with dovish Federal Reserve (Fed) repricing seen capping US Dollar (USD) rebounds even as foreign demand remains strong.
AUD/USD Price Forecast: Holds breakout near 0.7100
The Australian Dollar (AUD) trades almost flat at around 0.7100 against the US Dollar (USD) during the European trading session on Tuesday, but is close to its over two-month high of 0.7130 posted on Monday.
Dow Jones futures drop as soaring US yields, US-Iran friction rattle markets
Dow Jones futures fall by 0.25%, trading around 53,410 during European hours on Tuesday. Meanwhile, S&P 500 futures decline 0.52% to near 7,730, and Nasdaq 100 futures slip 0.92%, trading near 29,820.
United States Dollar Index extends recovery from two-month low; trades above 99.50
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, builds on the overnight goodish rebound from the 99.30 area, or the lowest level since June 5, and gains some follow-through traction on Tuesday.
US Dollar: Carry-supported but rangebound near term – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight that still-attractive US Dollar (USD) carry and softer United States (US) data, which have reduced the odds of a September Fed hike, should keep the Dollar rangebound.
Swiss Franc edges lower as US Dollar rebounds, FOMC minutes in focus
The Swiss Franc (CHF) trades marginally lower against the US Dollar (USD) in the early European trading session on Tuesday, with the USD/CHF pair edging up to near 0.8116.
United States Dollar Index holds ground on safe-haven demand
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching higher after three days of losses and trading around 99.60 during the Asian hours on Tuesday.