Logo-color Logo-white

Dollar’s near-term rebound is still intact as markets head into US session. But appears to be fading as traders await fresh catalysts. While the greenback has benefited from stabilizing sentiment, there’s a lack of conviction behind the move, particularly with no data releases of note today. Markets are now turning their attention to the upcoming […]

The post Dollar Recovery Slows Ahead of FOMC Minutes as Market Seeks Clarity appeared first on Action Forex.

previous

Dollar Rides Optimism Wave; RBNZ Lifts Kiwi, Aussie Ignores CPI Surprise

next

Dollar Surges as US Court Strikes Down Trump’s Reciprocal Tariffs; Risk Appetite Rebounds

Read More

Quiet Forex Markets in Asia; Focus Shifts to Upcoming US, UK, and Canadian Data
22/12/2023

Quiet Forex Markets in Asia; Focus Shifts to Upcoming US, UK, and Canadian Data

The forex markets have entered a quieter phase in Asian session, likely influenced by the holiday season, leading to reduced market activity. This calm follows an overnight sell-off of Dollar, driven by renewed risk-on sentiment as seen in the stock markets. Despite this shift, the Dollar has not experienced further selling pressure in Asia. Market […]
Dollar Struggles to Keep Momentum in Indecisive Markets
02/07/2024

Dollar Struggles to Keep Momentum in Indecisive Markets

In the forex market, clear weakness of Yen, Swiss Franc, and Kiwi contrasts with a broader sense of indecision elsewhere. Dollar’s rally attempt quickly lost momentum as it struggled to break through near-term resistance levels against both the Euro and Sterling. Additionally, the greenback remains stuck within familiar ranges against the Aussie and Loonie, a […]
Dollar Stabilizes After FOMC Projections, Eyes on US PPI and Jobless Claims
13/06/2024

Dollar Stabilizes After FOMC Projections, Eyes on US PPI and Jobless Claims

While Dollar had a sharp decline following US consumer inflation data overnight, the selloff was short-lived. The greenback stabilized and recovered after FOMC projections indicated that only one rate cut is likely this year. Stock and bond markets showed little reaction to Fed’s announcement. Attention now turns to upcoming US PPI and jobless claims data […]