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📉 U.S. Dollar Weakens Amid Economic Concerns Dollar Index Drops to 7-Week Low: The U.S. dollar fell to its lowest level in nearly seven weeks due to mounting concerns about the job market and the increased likelihood of significant Federal Reserve interest rate cuts. The dollar index dropped to 97.

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Denmark on Friday slashed its annual growth forecast to 1.4% from 3%, in large part due to weaker expectations for pharmaceutical giant Novo Nordisk. Denmark has recorded strong annual growth in recent years, with its economy expanding 3.7% last year after getting a major boost from pharmaceutical e

GBP/USD chalked in a third straight gain on Thursday, recovering 1.3500.US PCE inflation lies ahead on Friday, and global markets have fingers crossed for a not-too-hot print.Investors need inflation figures to remain under control to buy a Fed rate cut in September. GBP/USD marched its way into a t

USD/JPY slipped overnight amid pullback in UST yields. There was news of top trade negotiator Akazawa cancelling his trip to Washington as there were points that needed to be debated at the administrative level. This saw little FX reaction. Pair was last at 147.10 levels. Bias is to sell rallies "Be

US Dollar (USD) is expected to trade in a range between 146.70 and 148.00. In the longer run, outlook is mixed; USD could trade in a range between 146.40 and 148.40, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Outlook for USD/JPY is mixed 24-HOUR VIEW: "USD plunged to a low of 146.54

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EUR/GBP gathers strength around 0.8645 in Tuesday’s early European session. An ECB official said there’s no need for more cuts unless new risks appear.BoE’s Mann speech will be in the spotlight later on Tuesday. The EUR/GBP cross gains momentum to near 0.8645 during the early European session on Tue

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