The Latest Breaking News from ECB Governing Council

The dollar index (DXY00 ) on Tuesday rose to a 1-week high and finished up by +0.60%. The dollar rallied Tuesday after T-note yields jumped when the US Q1 employment cost index rose more than expected, a sign of wage pressures and a hawkish factor for Fed policy. Falling stock...

The dollar index (DXY00 ) Thursday fell to a 1-1/2 week low and finished down by -0.28%. Stagflation concerns weighed on the dollar Thursday after revised US Q1 GDP showed slower-than-expected economic growth, along with persistent price pressures. The dollar initially moved higher Thursday after bond yields jumped when Thursday’s...

The dollar index (DXY00 ) Thursday rose by +0.16%. The dollar recovered from early losses and moved higher Thursday after T-note yields climbed on signs of strength in the US economy when weekly jobless claims were unchanged. Also, the April Philadelphia Fed business outlook survey unexpectedly rose to a 2-year...

The dollar index (DXY00 ) on Wednesday fell by -0.28%. The dollar was under pressure Wednesday due to a decline in T-note yields. Also, the euro's strength Wednesday undercut the dollar based on hawkish comments from ECB President Lagarde and ECB Governing Council member Holzmann. Losses in the dollar were...

The dollar index (DXY00 ) this morning is down by -0.09%. The dollar is under pressure today due to a rebound in stocks, which reduces liquidity demand for the dollar. Also, a decline in T-note yields today is weighing on the dollar. Losses in the dollar are contained as expectations...

The dollar index (DXY00 ) Tuesday recovered from early losses and finished up +0.07%. The dollar posted a 5-1/2 month high Tuesday based on hawkish Fed comments. Fed Chair Powell, San Francisco Fed President Daly, and Fed Vice Chair Jefferson said if inflation remains elevated, the Fed will hold interest...

The dollar index (DXY00 ) today recovered from early losses and moved up to a 5-1/2 month high based on hawkish Fed comments. San Francisco Fed President Daly said Monday night that there's "no urgency" for the Fed to adjust interest rates and Fed Vice Chair Jefferson said today that...

The S&P 500 Index ($SPX ) (SPY ) Monday closed down -1.20%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.65%. Stock indexes Monday gave up an early advance and closed moderately lower, with the...

The dollar index (DXY00 ) on Monday rose by +0.16% and posted a 5-1/4 month high. The dollar gave up overnight losses Monday and moved higher as the 10-year T-note yield jumped to a 5-month high after US March retail sales rose more than expected, a hawkish factor for Fed...