USD The US dollar struggled to hold on to its recent gains when the ISM manufacturing PMI was released. The index fell from 50.2 to 50.1 in October, slightly higher than the projected 50.0 figure. However, the employment component indicated a contraction, spurring downbeat expectations for the NFP release. US factory orders data is due…

USD The US dollar gave up ground on Friday since most economic figures came in weak. The personal spending and income data indicated a mere 0.1% uptick instead of the projected 0.2% gain while the core PCE price index also logged in a 0.1% increase versus the estimated 0.2% rise. The Chicago PMI came in…

USD The US dollar was all over the place in recent trading sessions, as it functioned as a counter currency. Data from the US economy came in mostly weaker than expected, with core durable goods data, flash services PMI, and the CB consumer confidence index landing short of consensus. Traders might've also booked profits ahead…

USD The US dollar advanced against most of its peers on Friday, as the surprise rate cut by the Chinese central bank spurred a bit of risk aversion. In addition, data from the US was better than expected since the flash manufacturing PMI climbed from 53.0 to 54.1 instead of falling to the projected 52.8…

USD The US dollar regained ground against its peers when risk appetite tanked after the ECB statement. Data from the US came in better than expected, as the initial jobless claims showed a 259K figure versus the projected 266K reading while existing home sales beat expectations at 5.55M. Only the US flash manufacturing PMI is…

USD The US dollar advanced against most of its peers as risk aversion seemed to return to the financial markets. There have been no major reports out of the US economy yesterday while today has the initial jobless claims and existing home sales data on tap. The lack of any clear direction among dollar traders…

USD The US dollar regained ground against most of its peers in recent trading sessions when Fed head Yellen didn't exactly show any shift in her monetary policy bias. Other FOMC members reiterated that a liftoff is still possible this year but that it depends on how economic data turns out. Data from the US…

USD The US dollar was off to a strong start for the week but wound up giving up some of its recent gains to its peers. FOMC member Brainard reiterated the risks of hiking interest rates too early in her latest testimony, reminding forex market watchers that the Fed liftoff might be delayed to next…

USD The US dollar continued to give up ground against its forex counterparts despite stronger than expected data from the economy. Import prices posted a mere 0.1% decline instead of the projected 0.5% drop while the previous reading was revised slightly higher. For today, US traders are off on a Columbus Day holiday, which suggests…

  USD The US dollar sold off sharply against its forex rivals when the NFP report came in way below expectations. The report indicated a mere 142K increase in hiring instead of the projected 201K gain while the previous reports were downgraded to a total of 59K in negative revisions. The jobless rate still held…

USD The US dollar had a mixed performance in recent trading sessions, as traders are probably squaring off their positions ahead of the US NFP release today. Data from the US came in mostly weaker than expected, with the initial jobless claims report showing a 277K figure and the ISM manufacturing PMI falling from 51.1…

USD The US dollar had a mixed performance after data from the economy came in mixed. The ADP non-farm employment change beat expectations with a 200K gain versus the projected 192K increase and the previous 186K rise, spelling positive prospects for Friday's NFP report. However, the Chicago PMI came in below consensus at 48.7 down…

USD The US dollar was off to a strong start when risk sentiment weakened during the Asian trading session but gave back its recent wins when higher-yielders regained ground later on. Data from the US was better than expected, with the CB consumer confidence index rising from 101.3 to 103.0, reflecting stronger optimism. For today,…

USD The US dollar had a mixed performance, as it gained ground to the pound and comdolls but weakened against the yen and euro. FOMC officials had mixed views on a potential rate hike later this year, as FOMC member Evans expressed concerns about normalizing too soon. However, Fed officials Dudley and Williams sounded more…

USD The US dollar was able to cap off a pretty good week, spurred mostly by hawkish remarks from Fed officials. Most FOMC members hinted that they're open to tightening before the end of the year, although they maintained that inflation remains weak. Data from the US was stronger than expected, with the final GDP…

USD The US dollar was back with a vengeance on Friday, as traders booked profits of their short dollar trades after the FOMC statement. There were no major reports out of the US economy then while today has the existing home sales and a speech from FOMC member Lockhart. Any remarks favoring a rate hike…

USD The US dollar gave up further ground in recent trading sessions, as risk appetite continued to improve. Data from the US came in mostly in line with expectations, with the initial jobless claims report showing a drop from 281K to 275K in unemployment claimants. Import prices were down 1.8%, slightly worse than the projected…