Dollar pressured lower amid hedge fund selling
- The U.S. dollar has seen selling across the board, according to analysts at Bank of America, and further losses remain a possibility. “Our proprietary flows show...
- The U.S. dollar has seen selling across the board, according to analysts at Bank of America, and further losses remain a possibility. “Our proprietary flows show...
The Aussie dollar has risen again in the early hours of Tuesday trading, as the US dollar continues to suffer at the hands of short sellers worldwide.
Bank of America (BofA) provided insights into the current state of G10 foreign exchange (FX) positioning, noting that it has become more balanced compared to the end of the second...
Bank of America (BofA) reported a growing consensus against the U.S. dollar, with a noticeable sell-off occurring last week. Investors in both the United States and Europe have...
- The U.S. dollar slipped lower Tuesday, falling close to seven-month lows amid growing conviction that the Federal Reserve will cut interest rates in September. At...
-- Most Asian currencies drifted higher on Tuesday, while the dollar steadied at a more-than seven-month low amid growing conviction that the Federal Reserve will cut...
-- The Reserve Bank of Australia had considered raising interest rates earlier in August, the minutes of its recent meeting showed, amid persistent concerns that inflation will remain sticky for longer.
Investors have begun counting down to a speech by Fed chair Jerome Powell at Jackson Hole on Friday that could reset rate-cut expectations.
The Aussie dollar was bullish during the early hours on Monday, as the markets continue to look at the idea of the Federal Reserve cutting rates as a major factor, if not the only factor in pricing things.
- The U.S. dollar fell Monday ahead of the release of minutes from the Federal Reserve's July policy meeting and Chair Jerome Powell's upcoming speech at Jackson Hole...