The Currency analytics
By Steven Anderson
The dollar hit rough waters Wednesday. The Federal Reserve kept interest rates locked in place, sending the greenback tumbling toward its lowest point since 2020 as traders…
Markets weren't really surprised by the Fed's decision, but that didn't stop the selloff from picking up steam.
It slipped below $1.20 for the first time in weeks, even though European currencies had been gaining ground against the dollar lately.
But the yen didn't get the memo about weakness. Japan's currency actually gained ground as investors piled into safe-haven assets, a move that's become pretty standard whenever…
Not everyone thinks the dollar's done falling.
Some analysts are betting on a comeback, arguing that any decent economic news from the U.S. could turn the tide pretty quickly.
The Fed's cautious stance has critics fired up on both sides. Some folks think keeping rates this low for this long is basically asking for inflation trouble down the road.
Emerging market currencies are having a moment. The Brazilian real and South African rand are catching attention from investors who want better returns than what developed…
Stock markets had mixed reactions to the Fed news. Some sectors loved the idea of rates staying low for longer, while others struggled with the uncertainty about what comes next.
Wall Street's focus is already shifting to earnings season, which kicks into high gear over the next few weeks. Apple reports February 1, Microsoft follows on February 7.
The Bank of England meets February 2, and the pound's been all over the map lately. Traders can't decide whether the BOE will copy the Fed's wait-and-see approach or try…
China's been busy managing the yuan amid all this global currency chaos. The People's Bank of China let the yuan strengthen slightly on January 28, part of their ongoing effort…
Oil markets added another wrinkle to the story. Brent crude was trading around $85 per barrel on January 29, reacting to fresh supply data and geopolitical tensions that keep…
The dollar's path forward depends on data that hasn't been released yet and Fed decisions that haven't been made.