US Dollar

On July 13th, the US dollar dipped below the key $100 mark, experiencing a 0.75% decline, followed by a 0.20% drop the next day, before recovering slightly to close up by 0.14%. On July 26th, the financial community is anticipating commentary from Jerome Powell, the Chair of the Federal Reserve,...

The U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), dropped below the key 100 mark on Thursday, plunging to its weakest levels since April 2022, as softer-than-expected consumer and producer inflation encouraged traders to scale back bets of more than...

The U.S. dollar has soared to levels unseen since mid-March, fueled by encouraging progress on the debt ceiling deal and mounting expectations of impending Federal Reserve interest rate hikes. The debt limit deal cleared the major hurdle of the House Rules Committee on Tuesday, in a 7-6...

The U.S. dollar has risen to its highest level in more than five weeks, with the U.S. Dollar DXY index breaking above the 50-day moving average resistance level, indicating a revival in investors' demand for safe-haven assets while debt limit talks continue. The dollar's gains during the...

A survey conducted by Bank of America Corp. revealed fund managers' pessimism reached the highest level in 2023 as investors increased cash balances and became more pessimistic about growth. Long big tech (32%), short banks (22%) and short the U.S. dollar (16%) were found to be the...

The New York Empire State Manufacturing Index, which measures the sentiment of manufacturing executives about business conditions in the state of New York, unexpectedly plunged to negative 31.8 points in May, down from 10.8 in April and considerably below the 3.75 decline expected. ...

The U.S. economy continues to show robust gains in the job market, with nonfarm payrolls increasing to 253,000 more than projected in April and the unemployment rate reverting to a 50-year low of 3.4%, allaying worries of an impending economic recession.  Wage increases also came in higher...

The global dominance of the US dollar is not in any way under threat, as no other currency alternatives are available. That's according to Bank of America Securities, which has pushed back strongly against recent headlines claiming that the US dollar's global role is about to end soon...

Bank of America technical analyst Paul Ciana expressed a tactically bullish stance on the dollar, saying that the greenback is set for the second episode of a snapback rally in May.  The US dollar index (DXY), which is tracked by the Invesco DB USD Index Bullish Fund ETF (ARCA:...

By Michael Lebowitz The media once again presumes that America’s financial negligence will result in a new global reserve currency. As we wrote in The Dollars Death, Not So Fast Part I, “Don’t hold your breath. Headlines forecasting the dollar’s death as the world...

The U.S. dollar and Treasury bond yields are rebounding aggressively on Monday (April 17), as investors fear that a lack of recessionary threats will force the Federal Reserve to keep monetary conditions tight for an extended period of time. This follows the latest better-than-expected...

Michael Hartnett, chief investment strategist at Bank of America, projected the start of a bear market for the U.S. dollar, predicting a 20% loss in the U.S. dollar index (DXY). According to the most recent "The Flow Show" from Hartnett, markets are entering a new period of conflict,...

By Michael Lebowitz Headlines like the ones below lead some to believe that the U.S. dollar’s death may be coming soon. China, Brazil Strike Deal to Ditch Dollar for Trade- Barron’s 3/2023 China Completes First Yuan-Settled LNG Trade – Reuters 3/2023 The U.S. Dollar Loses its...

Mastercard Inc (NYSE: MA) partnered with the Australian stablecoin platform, Stables, to launch a stablecoin digital wallet integration that will allow retail customers in the Asia-Pacific (APAC) region to spend their stablecoins anywhere Mastercard is accepted. The collaboration includes...

The U.S. Securities and Exchange Commission (SEC) is challenging carbon credits. That’s according to Kevin O’Leary, who chatted with Benzinga while filming Shark Tank. The renowned investor explains that an SEC-mandated “audit of carbon credits” made publicly-listed...