Dollar majors_Fed rate hike

Expectations of a US Fed funds rate hike in September hit a roadblock this week after the ISM non-manufacturing PMI disappointed. After the August payrolls report came out softer than expected, whatever little hopes of optimism that remained was washed out after the US services activity hit a six-year low. The US dollar fell to a 7-day low on T...

2016-09-09 John Benjamin Read more
US Dollar bill

The dollar index is poised for the third week of strong gains after falling to lows of 91.88. The next big event risk comes from next week’s revised GDP estimates The US dollar is poised to close the third week of consecutive gains after price briefly fell to an 18-month low to 91.88. The impressive turnaround in the dollar index came as econom...

2016-05-20 John Benjamin Read more
US Dollar

The dollar index is likely to see a minor pullback to 93.0 support ahead of what could be a new leg in the rally to 96 – 96.50 levels as speculators remain net short on the greenback US retail sales and producer price index data will be the main data points to watch today as the US dollar lingers near a key support level. With prices closing bu...

2016-05-13 John Benjamin Read more