USD/USD (USD=X)
| Previous Close | 1.0000 |
| Open | 1.0000 |
| Bid | 1.0000 |
| Day's Range | 1.0000 - 1.0000 |
| 52 Week Range | 1.0000 - 1.0000 |
| Ask | 1.0000 |
- Reuters
FOREX-U.S. dollar retreats as markets re-assess Fed rate path
* U.S. dollar posts first weekly decline this month * U.S. rate hike bets pare back aggressive Fed tightening path * U.S. new home sales rise; Michigan sentiment worsens (Adds new comment, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, June 24 (Reuters) - The U.S. dollar slipped on Friday and posted its first weekly decline this month, as traders pared back bets on where interest rates may peak and brought forward their outlook on the timing of rate cuts to counter a possible recession. A significant factor this week has been the fall in oil and commodity prices, which has eased inflation fears and allowed equity markets to rebound.
- Reuters
UPDATE 1-Speculators' net long bets on U.S. dollar rose in latest week -CFTC, Reuters
U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, Swiss franc, and Canadian and Australian dollars. In a wider measure of dollar positioning that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real and Russian rouble, the greenback posted a net long position of $15.50 billion, up from $14.31 billion a week earlier. The U.S. dollar has risen 9% against a basket of currencies this year, helped by a hawkish Federal Reserve and heightened geopolitical tensions that have boosted the greenback's safe-haven appeal.
- Reuters
FOREX-U.S. dollar slides as markets re-evaluate Fed rate path
* U.S. dollar on pace for 1st weekly decline this month * U.S. rate hike bets pare back aggressive Fed tightening path * U.S. new home sales rise; Michigan sentiment worsens (Updates prices; adds comment, FX table, bullets, byline, NEW YORK dateline) By Sujata Rao and Gertrude Chavez-Dreyfuss LONDON/NEW YORK, June 24 (Reuters) - The U.S. dollar slipped on Friday and was on track for its first weekly decline this month, as traders dialed down bets on where interest rates may peak and brought forward their views on the timing of interest rate cuts to counter a possible recession. A significant factor this week has been the fall in oil and commodity prices, which has eased inflation fears and allowed equity markets to rebound.
