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Forex 13 Aug 2016 | 12:00 AM

Global Forex Market

THE US dollar traded mixed and shy of its recent peak. This marked a correction in the currency after a week of gains and post bumper non-farm payroll numbers report which boosted speculation on more rate hikes from the Federal Reserve.

Forex 04 Nov 2017 | 12:00 AM

Global Forex Market

THE Federal Reserve chairman announcement, Fed FOMC meeting and revelation of Trump’s tax plan had dominated the US dollar this week causing it to decline 0.24% to 94.69.

Forex 25 Mar 2017 | 12:00 AM

Global Forex Market

AMID the view that the Fed won’t speed up the pace of monetary tightening and after G20 financial leaders dropped a pledge to keep global trade free and open, the US Dollar Index came under selling pressure, falling by 0.6% this week to close at 99.73.

Forex 23 Feb 2019 | 12:00 AM

Global Forex Market

AMID a short working week as markets closed in conjunction with Presidents’ Day, the dollar softened by 0.31% to 96.6 largely owing to improving trade sentiment after President Trump cited trade talks were “very productive”.

Forex 05 May 2018 | 12:00 AM

Global Forex Market

THE US dollar rose 0.94% to close at 92.414 as markets were pricing in a June rate hike and looking for clues if there would be three or four rate hikes in 2018 ahead of the FOMC meeting.

Business 01 Oct 2016 | 12:00 AM

Treasury Pulse

Global Forex Market

Forex 07 Oct 2017 | 12:00 AM

Global forex market

AHEAD of US jobs data, the US dollar hit seven-week highs for the week, appreciating by 0.95% to 93.96 amid better-than-expected economic data and hawkish comments from Fed Harker and Williams.

Forex 29 Jul 2017 | 12:00 AM

Global Forex Market

THE dollar index was flat this week at 93.86 as gains were offset by the US Fed’s dimmer economic outlook.

Forex 11 Feb 2017 | 12:00 AM

Global Forex Market

ALTHOUGH the US unemployment rate rose to 4.8% in January, 227,000 jobs were injected into the economy.

Business 23 May 2015 | 12:00 AM

Treasury pulse

DRIVEN by the strong housing data and the European Central Bank’s (ECB) decision to bring forward some asset purchases, the US dollar index, DXY, appreciated and broke above the level of 95. Housing starts in US jumped 20.2% on month to 1.14 million, the most since November 2007.