The post US Dollar: Strong data supports Dollar gains – Rabobank appeared on BitcoinEthereumNews.com.
Rabobank strategist Molly Schwartz notes that hotter US trade price data for April pushed United States (US) Treasury yields higher, with import and export prices rising at their fastest monthly pace since early 2022. The report highlights that the US Dollar (USD) was the best performing G10 currency on a one-day view as two-year yields moved back above 4.00%. Hotter prices lift yields and USD “US Treasury yields closed higher after hotter-than-expected trade price data for April printed, with import prices up 1.9% m/m and export prices up 3.3% m/m.” “These were the fastest monthly price index increases since early 2022 for both.” “However, the import price index, excluding petroleum, registered more modest gains of only 0.7% which, while hotter than the expected print of 0.5%, is cooler than levels seen as recently as January and February of this year.” “Yesterday afternoon saw a surg
The post US Dollar Index (DXY) rallies above 99.00 amid soaring US yields appeared on BitcoinEthereumNews.com.
The US Dollar (USD) is outperforming this week, fuelled by higher US Treasury yields as solid macroeconomic data and high inflationary pressures have boosted expectations of Federal Reserve (Fed) rate hikes later in the year. The US Dollar Index (DXY), which measures the value of the Dollar against a basket of peers, is trading at five-week highs, at 99.20, at the time of writing, on track for its best weekly performance in two months, after rallying about 1.30% in the last five days. US Retail Sales data released on Thursday revealed that consumption remained resilient in April, and weekly Initial Jobless Claims provided further signals of a stabilising labour market, despite the war in the Middle East. Consumer and producer inflation data released earlier in the week, on the other hand, have shown that the impact of the energy shock has been stronger than expected. These fig
The post Swiss Franc Slides As Risk Aversion Fuels US Dollar Demand appeared on BitcoinEthereumNews.com.
Swiss Franc Slides As Risk Aversion Fuels US Dollar Demand Skip to content
Home Forex News Swiss Franc Slides as Risk Aversion Fuels US Dollar Demand
Source: https://bitcoinworld.co.in/swiss-franc-declines-usd-strength-risk-off/
The post AUD/USD Price Forecast: Near-term bias turns bearish as correction extends below 20-day EMA appeared on BitcoinEthereumNews.com.
The AUD/USD pair trades 0.8% lower to near 0.7160 against the US Dollar (USD) during the European trading session on Friday. The Aussie pair faces intense selling pressure as the US Dollar outperforms its peers amid a significant surge in US Treasury yields. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.26% 0.48% 0.10% 0.19% 0.80% 0.80% 0.23% EUR -0.26% 0.21% -0.17% -0.09% 0.54% 0.57% -0.02% GBP -0.48% -0.21% -0.34% -0.29% 0.34% 0.35% -0.23% JPY -0.10% 0.17% 0.34% 0.08% 0.69% 0.71% 0.13% CAD -0.19% 0.09% 0.29% -0.08% 0.59% 0.60% 0.05% AUD -0.80% -0.54% -0.34% -0.69% -0.59% 0.02% -0.56% NZD -0.80% -0.57% -0.35% -0.71% -0.60% -0.02% -0.58% CHF -0.23% 0.02% 0.23% -0.13% -0.05% 0.5
Solana found support at $90 and corrected some losses. SOL price is now consolidating below $94 and might struggle to continue higher. SOL price started a decent recovery wave above $91 and $92 against the US Dollar. The price is now trading below $94 and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $92.90 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $92.90 and $94.00. Solana Price Starts Recovery Solana price remained stable and started a decent recovery wave from $90, like Bitcoin and Ethereum. SOL was able to climb above the $91.50 level. There was a move above the 50% Fib retracement level of the downward move from the $95.92 swing high to the $89.89 low. However, the bears remained active below $94. There is also a bearish trend line forming with resistance at $92.90 on the hourly chart of the SOL/USD pair. Solana is now trading below $92 and the 100-hourly simp
The post WTI holds losses near $97.50 as 30 vessels navigate through Hormuz appeared on BitcoinEthereumNews.com.
West Texas Intermediate (WTI) oil price remains in the negative territory after posting modest gains in the previous day, trading around $97.60 per barrel during the Asian hours on Friday. However, WTI crude is on track to rise more than 6% this week as stalled diplomatic efforts to end the United States (US)-Iran conflict leave the strategically vital Strait of Hormuz effectively closed. Although prices dipped slightly following reports from Iranian state media that 30 vessels had successfully navigated the Hormuz, market anxiety remains high due to recent ship seizures and attacks. The ongoing “dual blockade” of this key shipping route has become a primary sticking point in negotiations. US President Donald Trump recently characterized the current ceasefire as being on “massive life support” after dismissing Tehran’s latest response to his peace proposal. Amid the tension,
The post Japanese Yen slides to two-week low vs USD as bears retain control appeared on BitcoinEthereumNews.com.
The USD/JPY pair touches a two-week high during the Asian session on Friday and looks to extend the weekly uptrend amid a broadly firmer US Dollar (USD). Spot prices remain on track to register strong weekly gains and currently trade just below the 158.50 level, up slightly for the fifth consecutive day. Traders ramped up their bets for an interest rate hike by the US Federal Reserve (Fed) in 2026 following the release of hotter-than-expected US inflation figures earlier this week. Adding to this, US Retail Sales expanded for the third straight month in April, reflecting a robust consumer spending and reaffirming hawkish Fed expectations. This, along with persistent geopolitical uncertainties, lifts the USD to a fresh monthly peak and acts as a tailwind for the USD/JPY pair. Peace talks between the US and Iran remain in limbo amid broader disagreements over Tehran’s nuclear
The post New Era for Crypto Regulation Inches Closer appeared on BitcoinEthereumNews.com.
The path for digital asset regulation in the United States gained significant traction as the Digital Asset Market Clarity Act progressed in the Senate. Previously held up for more than four months, the legislation achieved a pivotal advance with the Senate Banking Committee’s endorsement. Continue Reading:New Era for Crypto Regulation Inches Closer Source: https://en.bitcoinhaber.net/new-era-for-crypto-regulation-inches-closer
The post China: US talks, yuan push and geopolitics – Rabobank appeared on BitcoinEthereumNews.com.
Rabobank’s Global Strategist Michael Every outlines China’s central role in current geopolitical and financial dynamics. Every covers Trump’s visit to Beijing and potential outcomes from US-China talks, questions over a possible Grand Bargain, and China’s leverage over Iran. It also notes Euroclear’s consideration of China onshore bonds and Beijing’s efforts to promote yuan internationalisation. US-China talks and yuan strategy “In Eastenders, Trump, with a billionaire CEO entourage, is meeting Xi after posting in Air Force One that he will be asking him “to ‘open up’ China so that these brilliant people can work their magic, and help bring the People’s Republic to an even higher level!”” “Indeed, as some talk of UK Labour going back to the 1970s, the US language is also of Nixon–Mao 2.0, albeit from a very different starting point.” “Everybody gets how important these talks are, but few
