The Latest Breaking News from Simkus

The dollar index (DXY00 ) today rebounded from a 3-week low and finished up by +0.15% on signs of US economic strength. An unexpected increase in Tuesday’s US Aug retail sales report sparked short covering in the dollar. Also, Tuesday’s stronger-than-expected US Aug manufacturing production report was bullish for the...

The dollar index (DXY00 ) today rebounded from a 3-week low and is up by +0.11%. An unexpected increase in today’s US Aug retail sales report sparked short covering in the dollar. Also, today’s stronger-than-expected US Aug manufacturing production report was bullish for the dollar. The dollar today initially moved...

The dollar index (DXY00 ) on Friday rose by +0.20%. The dollar climbed Friday after a global IT outage prompted risk aversion in asset markets and sparked some safe-haven buying of the dollar. Also, higher T-note yields Friday were bullish for the dollar. Gains in the dollar accelerated Friday after...

The dollar index (DXY00 ) today is up by +0.16%. The dollar is mildly higher today after a global IT outage prompted risk aversion in asset markets and sparked some safe-haven buying of the dollar. Also, higher T-note yields today are bullish for the dollar. Gains in the dollar are...

The dollar index (DXY00 ) Tuesday fell by -0.17%. The dollar on Tuesday moved lower, pressured by a decline in T-note yields. The dollar extended its losses Tuesday based on dovish comments from Fed Chair Powell, who said prices now show signs of resuming their disinflation trend. Losses in the...

The dollar index (DXY00 ) on Monday rose by +0.03%. The dollar on Monday recovered from early losses and posted modest gains after hawkish Fed comments sparked short covering in the dollar. New York Fed President Williams and Richmond Fed President Barkin said they needed to gain confidence that inflation...

The dollar index (DXY00 ) this morning is down by -0.06% but is holding above last Friday’s 3-week low. The dollar has some negative carryover from last Friday’s weaker-than-expected US payroll and ISM services reports, which bolstered expectations that the Fed will cut interest rates this year. Today’s rally in...

The dollar index (DXY00 ) on Friday rose by +0.01%. The dollar on Friday gave up most of an overnight advance and finished little changed. The dollar spiked higher in overnight trade after US officials said Israel launched a retaliatory air strike against Iran in response to Iran’s rocket and...

The dollar index (DXY00 ) this morning is down by -0.17%. The dollar gave up an overnight rally and turned moderately lower. The dollar spiked higher in overnight trade after US officials said Israel launched a retaliatory air strike against Iran in response to Iran’s rocket and drone attack on...

The European Central Bank considers multiple interest rate cuts to boost the economy amidst global uncertainties.

The dollar index (DXY00 ) on Friday finished little changed, down by -0.01%. Friday’s rally in the S&P 500 to a new record high curbed liquidity demand for the dollar. Also, lower T-note yields on Friday undercut the dollar. Comments from New York Fed President Williams were negative for the...