Dollar Steady After PCE, Euro Finds Support on ECB Survey

New Zealand Dollar rises broadly in Asian session following RBNZ’s decision to keep interest rates steady. The central bank’s “limited tolerance” for delaying the achievement of its inflation target conveyed a hawkish tone. Rate cuts are off the table until the central bank is confidence that inflation would sustainably return to the target band. This […]

Dollar holds onto its leadership position as markets await the US non-farm payroll report. Investors expect the data to reinforce Fed’s decision to pause rate cuts this month, particularly if the report confirms continued labor market strength. In such a scenario, rising US Treasury yields could further bolster the greenback. However, any post-NFP rally might […]

Dollar ended as the weakest performer last week, with it poor performance aligning with broader rally in both stock and commodity markets, underpinned by growing investor sentiment favoring US economic soft-landing. Furthermore, minutes from FOMC meeting suggested a potential softening of Fed’s hawkish stance. As risk-on sentiment seems poised to continue in the near term, […]