Dollar's Gains Are Limited Due to Broad Reduction in Rate-Cut Expectations -- Market Talk

The dollar is struggling to recover from recent losses as expectations of interest-rate cuts are scaled back in other countries as well as the U.S., UniCredit analysts say in a note.

WSJ04:42 ET

Risk appetite drives the Australian dollar to rebound and is expected to test a four-month high of 0.6713

Market analyst Akhtar Faruqui said that since the minutes of the RBA's latest meeting showed that it was difficult to predict future changes in cash interest rates, acknowledged that recent data increased the possibility that inflation would continue to rise above the 2%-3% target for a long period of time, and the Australian dollar may rise. On a technical level, the 14-day Relative Strength Index (RSI) of the Australian dollar was at a level slightly above 50, indicating a bullish trend.

FX678 Finance01:37 ET

Dollar Bulls Retreat as US Economic Print Cools, CFTC Data Show

Bullish sentiment on the dollar is rapidly receding amid signs the US economy is cooling, with a group of investors holding a net short position for the first time in six weeks.

BNN Bloomberg00:22 ET

No need to wait for the Federal Reserve to signal interest rate cuts! Stock and debt bulls ushered in multiple positive catalysts

Traders who have been mired in anxiety about the Fed's interest rate cuts since the beginning of the year, especially those in the bond market, may soon receive some positive signals to support their bullish expectations. First, starting on Wednesday, the US Treasury will launch a series of US bond repurchase programs. The goal of the repurchase is US Treasury bonds that have been issued for a long time and have been undertraded. This will be the first time the Treasury has repurchased them since the beginning of this century. Heavy “support” followed in June, when the Federal Reserve will begin to slow the pace of contraction of its balance sheet as planned, that is, to slow the pace of so-called quantitative austerity (QT). Also, the core PC that will be unveiled this week

Zhitong Finance20:39 ET

Analyst: Considering economic data+comments from Fed officials, the Federal Reserve may not cut interest rates this summer!

On May 25, market analyst Jeff Cox wrote that after a series of better-than-expected economic data and new comments from policy makers, it seems less and less likely that the Fed will cut interest rates this summer. Economic growth, if not rising, is at least stable, and inflation has always existed. Federal Reserve officials still lack confidence in cutting interest rates, and a few even said they might consider raising interest rates if inflation worsens.

FX678 Finance20:35 ET

AUD/USD Gathers Strength Above 0.6630 on Weaker US Dollar

The AUD/USD pair edges higher to 0.6632 during the early Asian session on Monday.

FXStreet19:11 ET