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USD mixed but retains firm undertone – Scotiabank
1734353334 from FXStreet
The US Dollar (USD) squeezed out a sixth, if marginal, consecutive gain overall on Friday and the Dollar Index (DXY) is tracking marginally higher for a potential seventh to start the week off, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
USD trades mixed versus majors – Scotiabank
1734096913 from FXStreet
The US Dollar (USD) is ending the week on a mixed note. But the Dollar Index (DXY) is tracking lower from its intraday high, reflecting a rebound in the EUR from early session lows, and that does leave a bit of a dent in the short-term technical outlook for the index and might point to broader losses developing over the next day or so, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
US Dollar advances after mid-tier data
1734035592 from FXStreet
The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, rose toward 106.70 after Christine Lagarde, President of the European Central Bank (ECB), confirmed talks of a possible 50 bps interest rate cut.
Swiss Market Ends Modestly Higher After SNB Lowers Rate By 50 Bps
1734028726 from NASDAQ
(RTTNews) - The Switzerland market exhibited some weakness early on in the session on Thursday, and despite a smart recovery, failed to sustain momentum but still managed to end the day on a positive note thanks to some brisk buying at a few top counters.
USD/CHF advances to near 0.8900 as SNB unexpectedly cuts interest rates by 50 bps
1733992978 from FXStreet
The USD/CHF pair surges to a fresh two-week high near 0.8900 as Swiss France (CHF) dives after the Swiss National Bank (SNB) surprisingly reduces its key borrowing rates by 50 basis points (bps) to 0.5%.
Fed's Waller: Displeased with inflation uptick, but leaning toward December rate cut
1733172156 from FXStreet
Federal Reserve (Fed) Board of Governors member Christopher Waller noted on Monday that while he is less than enthusiastic about a recent upswing in headline inflation figures, Governor Waller reiterated that he sees no reason to shift stance measurably as a result.
A top Fed official leans toward December rate cut but says it depends on economic data
1733170957 from FPOST
WASHINGTON (AP) — A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view. Speaking at George Washington University, Christopher Waller, a key member of the Fed’s […]