Dollar Weakness News Today

What transpired with the EUR/USD pair last week? It behaved as expected on Monday, 01 April. However, starting from Tuesday, the situation deviated. Let's delve into the details. On the first day of April, data on business activity in the US industrial sector from the ISM for March showed the economy is on the rise: PMI increased from 47.8 to 50.3 points, crossing the 50-point threshold that separates growth from contraction. This marked the end of a downward trend lasting over 15 months. W...

Dollar Weakness and Investor Demand Boost Gold Futures Gold futures basis, the most active April contract (GC J24) gained $9.10 or 0.45% as of 4:40 PM ET. Dollar weakness contributed approximately half of today’s gains, with the dollar index (USDX) declining by 0.24%, with the remaining 0.20% directly attributable to investors bidding the precious yellow metal higher. Exchange volume was rather subdued today, with daily volume falling well below the monthly average. Advertisement Rate Cut

(Bloomberg) -- Investors are dusting off intervention playbooks once again as a resurgent dollar raises the specter of fresh efforts from officials to protect their currencies. Most Read from BloombergBlinken’s Return From Davos Was Delayed After Plane Broke DownYouTube and Spotify Won’t Launch Apple Vision Pro Apps, Joining NetflixPakistan’s Army Strikes Back at Iran as Both Sides Urge CalmAirstrikes on Yemen Bring New Level of Chaos to Shipping in the Southern Red SeaApple...

The dollar extended its drop on Friday after the Feds preferred gauge of underlying inflation showed muted price gains, affirming the central banks pivot toward interest-rate cuts next year. The Swiss franc rose to the strongest level against the US currency since 2015, while the euro and Norwegian krone rose to their highest levels since August.

“There is nothing called sitting on cash because this is a bull market. You will have enough opportunities maybe coming your way but you have to see where you can deploy your cash. Also, the dollar weakness is here to stay. I see no recovery. I would say the dollar is going to double digits over a period of time.”

Democratic presidencies tend to strengthen the dollar against the yen, while the opposite occurs under Republicans, Bank of America said.

Gold bullion is surging past $2,040/oz., nearing its all-time highs due to dollar weakness, Fed rate cut bets, plummeting yields and increased investor demand.

Gold Ticks Higher on Dollar Weakness, But Upside Seen as Limited Gold's upside potential appears limited for now, according to Commerzbank Research analysts.…

Chinese banks have frequently sold dollars in the currency market this year to stem the yuan's decline.

EURO Bulls received fresh impetus yesterday following news that the ECB may upgrade the forecast for 2024 inflation to above 3%. The result has seen rate hike expectation hawkishly repriced ahead of the US CPI release.