The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, struggles to hold onto gains following Wednesday’s inflation data.
Ukraine's Zelenskiy cautions not to trust Putin's claimed readiness to end war amid talks with Trump. Markets react to volatile situation with uncertainty.
The Dow Jones Industrial Average (DJIA) found a little bit of room on the high side on Thursday, rising around 120 points and testing the 44,500 level.
Crude oil markets continue to sell off, with the prospects of a Russia-Ukraine deal further sapping energy supply risk premia over the last sessions, TDS' Senior Commodity Strategist Daniel Ghali notes.
US citizens filing new applications for unemployment insurance rose to 213K for the week ending February 8, as reported by the US Department of Labor (DoL) on Thursday.
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is not going anywhere as traders have issues balancing head- and tailwinds with a possible peace deal for Ukraine and Russia, US Producer
US Dollar (USD) is expected to trade in a range between 7.3000 and 7.3200. In the longer run, outlook remains mixed, but USD is likely to trade in a narrower range of 7.2500/7.3300, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Amid heightening speculations of Russia-Ukraine peace talks, the Kremlin came out with a statement on Thursday, noting that “there is a political will on both sides to engage in dialogue and search for a settlement.
In its monthly oil market report published on Thursday, the International Energy Agency (IEA) raised 2025 global oil demand growth forecast to 1.1 million barrels per day (bpd) from 1.05 million bpd..
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