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News
10Dollar Index Rises to 102.5 Points, Highest Level Since April 2025
The US Dollar Index rose to nearly 102.5 points, reaching its highest level since April 2025, driven by a sharp decline in the euro alongside scaled-back bets on US interest rate hikes.
Iranian Rial Plummets to Record Low, Exceeding 2.5 Million Per Dollar
The Iranian rial plummets to a new record low in the free market, exceeding 2.5 million rials per dollar, as war pressure and sanctions escalate.
Gold Drops 1.7% to $4,290 as Reported Amid Dollar Index Rise to Eight-Week High
The price of gold fell by 1.7% to around $4,290 per ounce as reported, pressured by the US Dollar Index rising to an eight-week high, exemplifying the traditional inverse relationship between the dollar and gold.
Japanese Yen Falls to 7-Month Low After Strongest Wage Data Since 1997
The yen fell to its lowest level against the dollar in 7 months following the release of the strongest Japanese wage data since 1997, triggering a wave of yen selling and boosting rate hike expectations.
US Dollar Index Rises 0.24% to 99.15 While Remaining Near Three-Month Lows
The US Dollar Index traded near 99.15, up 0.24% on August 26, but remains near three-month lows and down 2.35% over the past month.
US Treasury Buybacks and Fed Uncertainty Pressure the Dollar
Expanding US Treasury buybacks and uncertainty surrounding the Fed's trajectory contribute to intensifying pressure on the dollar, keeping it near its weakest levels in three months.
Japanese Yen Slips to 152 Against the Dollar Amid Ministry of Finance Warnings
The Japanese yen dropped to 152 against the dollar, prompting Ministry of Finance officials to issue verbal warnings, while the Bank of Japan maintained its monetary policy amid concerns over wage growth.
Pound Markets Await UK PMI Data Following Bank of England's 6-3 Vote
The Bank of England held interest rates on July 30 with a 6-3 vote, and markets are awaiting August PMI data—if it drops below 50, the likelihood of a September rate hike will diminish, putting pressure on the pound from $1.36.
Dollar Index Drops 2% From July Highs as Markets Await Fed Minutes and Jackson Hole
The US dollar declined about 2% from its July highs following weaker-than-expected consumer and producer inflation data that eased fears of rate hikes, amid anticipation of the Fed minutes and the Jackson Hole symposium.
Yen Nears Intervention Line at 160 as Markets Await Japanese Rate Hike to 1.25%
The yen fell to 159.4 per dollar near the 160 level, viewed by markets as the government intervention line, amid expectations that the Bank of Japan will raise interest rates at its September 17-18 meeting.