The Latest Breaking News from PBOC

Dollar Soars as Fed Hikes Rates and Signals More to Come

The dollar index (DXY00 ) rallied to a 1.5-month high on Wednesday and finished up by +0.64%. The dollar found support Wednesday on signs of US economic growth after Aug retail sales rose more than expected. The dollar raced to its high Wednesday afternoon after the FOMC raised interest rates...

Barchart · Sep 16

Dollar Posts Modest Gains Ahead of Expected Fed Rate Hike

The dollar index (DXY00 ) climbed to a 2-week high today and is up by +0.09%. The dollar is climbing today on signs of US economic growth after Aug retail sales rose more than expected. The dollar also has support on expectations that the Fed will raise interest rates by...

Barchart · Sep 16

Global Market | China’s slower loan growth is becoming the new normal: PBOC Governor Pan Gongsheng

China’s slower loan growth is emerging as a new normal as weakening property and local government sectors reduce credit demand faster than emerging industries can make up for it, PBOC Governor Pan Gongsheng said. Although new bank lending recovered in August from July’s record contraction, it remained below market expectations,…

The Economic Times · Sep 16

Dollar Gains Ground as CPI Report Produces Higher Odds for a Fed Rate Hike

The dollar index (DXY00 ) on Friday rose by +0.06%. The dollar found support as a hawkish US CPI report pushed odds of an FOMC rate hike next week up to 88% from 75% on Thursday. Also, the 10-year T-note yield on Friday rose by +0.6 bp, supporting the dollar’s...

Barchart · Sep 11

Dollar Eases as Crude Oil Prices Fall

The dollar index (DXY00 ) today is down -0.10%. The dollar is trading lower as today’s decline of more than -2% in WTI crude oil prices caused the 10-year T-note yield to fall -3.5 bp. Still, the dollar is seeing underlying support after today’s US CPI report pushed the market's...

Barchart · Sep 11

Dollar Gains as Crude Oil Prices and T-Note Yields Surge

The dollar index (DXY00 ) rose by +0.26% on Thursday. The dollar moved higher on Thursday amid the +6% surge in WTI crude oil to a 3.5-month high, which boosted inflation expectations and could persuade the Fed to raise interest rates. Also, Thursday’s jump in T-note yields strengthened the dollar’s...

Barchart · Sep 10

Dollar Supported by Rising Crude Prices and T-Note Yields

The dollar index (DXY00 ) is up by +0.20% today. The dollar is moving higher today amid the +3% surge in WTI crude oil to a 3.5-month high, which is boosting inflation expectations and could persuade the Fed to raise interest rates. Also, today’s jump in T-note yields has strengthened...

Barchart · Sep 10

Dollar Recovers on Smaller Treasury Buyback and Higher T-Note Yields

The dollar index (DXY00 ) recovered from a 2.5-week low on Wednesday and finished up by +0.06%. The dollar found support on Wednesday after WTI crude oil surged +3 % to a 3.25-month high, boosting inflation expectations and potentially persuading the Fed to tighten monetary policy. Also, short covering emerged...

Barchart · Sep 9

Dollar Slips Before the Treasury’s Buyback Operation

The dollar index (DXY00 ) dropped to a 2.5-week low today and is down by -0.15%. The dollar is under pressure today ahead of an announcement from the US Treasury on the size of Thursday’s buyback of long-term US Treasuries, a bearish factor for the dollar. Also, strength in the...

Barchart · Sep 9

Dollar Erases Early Gains as Crude Oil and T-note Yields Move Lower

The dollar index (DXY00 ) fell from a 2.5-week high today and is down by -0.11%. The dollar gave up an overnight advance and turned lower today when WTI crude oil dropped from a 6-week high and moved lower, which eased inflation expectations, a dovish factor for Fed policy. The...

Barchart · Sep 2