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The dollar climbed to a two-and-a-half-month high, fueled by stronger-than-expected U.S. economic data, indicating the Federal Reserve may cut rates by only 50 basis points this year. With a strong correlation between rising real rates and the dollar's performance, the outlook remains positive for the greenback.
The pair extends this month’s losses, as UK inflation dropped below the 2% target for the first time in over three years, strengthening the case for bolder rate cuts by the central bank
The pair is having a positive month as lower Swiss inflation strengthens the case for further SNB easing, while persistence in the US leads to cautious commentary, but the upside contains key roadblocks
The pair extends its losses after the central bank of New Zealand accelerated its easing pace after August’s pivot as inflation cools, the economy contracted and unemployment is rising
The pair deepens the pullback from the 2024 peak as US NFPs moderate expectations around the Fed’s easing path and BoE governor Bailey offered dovish remarks
The pair extends its recovery from the 2024 lows as Fed Chair Powell struck a more cautious tone around the pace of easing, while Japan’s new PM does not want further hikes
The pair remains under pressure as the third straight 0.25% move is no match for the Fed’s jumbo cut and aggressive easing path
The Australian central bank kept rates again at their 12-year highs and ruled out joining major peers in cutting them any time soon
Gold recently hit a record high, driven by expectations of further Federal Reserve rate cuts and rising geopolitical tensions. Despite strong momentum, signs of overbought conditions and potential short-term volatility suggest caution. However, ongoing global risks and political uncertainty could continue to support further gains.
The recovered from its 14-month lows after the Fed and BoJ policy decisions, but the policy differential remains unfavorable
The pair runs its third losing month on unfavorable policy dynamics and starts the week with news lows as expectations for an outsized Fed pivot mount
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