The U.S. dollar declined to its lowest point in several weeks against a basket of currencies on Tuesday, as investors looked to U.S. jobs figures later this week. They are looking for more information about the possible path of U.S. Federal Reserve monetary policy. The greenback struggled since Fed Chair Jerome Powell said at the …
U.S. Dollar Fell to its Lowest Point in Several Weeks Read More »
The U.S. Dollar rose on Tuesday morning but remained near two-week lows. Moves were mostly light as the month draws to a close, with the latest U.S. jobs report, including non-farm payroll numbers, due in several days. The U.S. dollar index gained 0.01% to 92.662 by 10:28 PM ET (2:28 AM GMT). The USD/JPY pair …
The U.S. dollar suffered losses on Monday morning in Asia in the wake of Federal Reserve Chair Jerome Powell’s speech on bond tapering at the Jackson Hole Symposium on Friday. The U.S. dollar index that tracks the U.S. currency against a basket of other currencies fell 0.06% to 92.640. The USD/JPY pair fell 0.06% to …
Jerome Powell’s Dovish Speech Affected U.S. Dollar Read More »
The U.S. dollar or the greenback as people like to call it steadied on Friday as investors awaited a highly anticipated speech by Jerome Powell. Analysts think that the Federal Reserve’s Chair is not likely to hint when he may start to reduce asset purchases. The main topic of this week is the central bank’s …
U.S. Dollar Was Stable as Investors Awaited Powell’s Speech Read More »
The U.S. dollar recovered from a one-week low on Thursday, supported by U.S. Treasury yields holding above 1.34% in a quiet market. The main topic at the moment is the Federal Reserve’s annual Jackson Hole conference. The annual conference kicks off later in the day in virtual format. The most important part of the conference …
Dollar Recovered From a One-Week Low on August 26 Read More »
The U.S. dollar rose on August 25 to trade above a one-week low versus other main currencies amid concerns the highly contagious Delta coronavirus variant could derail a global economic recovery. Risk appetite in global markets improved this week thanks to regulators. The Food and Drug Administration (FDA) granted full approval to the Covid-19 vaccine …
Delta Coronavirus Variant and Its Impact on Dollar. Aug 25 Read More »
The U.S. dollar was in a stable position on August 24, near the previous session’s five-day low, as markets appeared less concerned about the spread of the Delta coronavirus variant. On Tuesday, risk-sensitive currencies benefited from rising commodity prices. Risk appetite in global markets rose following the Food and Drug Administration’s decision. The U.S. agency …
Risk-Related Currencies Rose While Dollar Fell on August 24 Read More »
The U.S. currency dropped broadly on Monday. This was after registering its biggest weekly rise in more than two months last week. This was due to doubts about the course of U.S. monetary policy triggered profit-taking. Riskier currencies, including the Australian dollar, the Norwegian crown, as well as the Canadian dollar were among the beneficiaries …
U.S. Dollar Fell After Registering its Biggest Weekly Rise Read More »
New Zealand from the beginning adopted a different strategy against the Covid-19. The country took measures to eradicate the virus, and for a long time, New Zealand was Covid-free. New Zealand was widely expected to become the first developed country to raise interest rates. The country announced a nationwide lockdown on Tuesday. One Covid case …
How One Covid-19 Case Changed the Plans of the Central Bank Read More »
On Thursday, the U.S. dollar rose to a nine-month high against its main peers, on expectations that the central bank will start tapering its huge stimulus this year. The U.S. dollar index, which measures the greenback against six rivals, rose as high as 93.502 on Thursday. The index rose to its highest point since …
Fed Minutes Helped U.S Dollar to Reach Great Results Read More »
The U.S. currency hit a nine-month high against the euro as well as held broad gains elsewhere on Wednesday as investors decided to cut exposure to riskier currencies, mostly on virus concerns. The New Zealand dollar fell on Wednesday following the Reserve Bank of New Zealand decision. The central bank left interest rates unchanged at …
U.S. Dollar Rose Against the Euro, Pound, and Kiwi Read More »
The New Zealand dollar fell to its lowest level in nearly three weeks on August 17 after the country identified its first Covid-19 case since February. The government already announced new short-term lockdown measures. The kiwi dropped sharply in early Asian trading hours, extending losses around 06:30 GMT following Prime Minister Jacinda Arden’s announcement. She …
New Zealand Dollar Suffered Huge Losses Due to Covid-19 Read More »
The U.S. dollar declined on Monday morning in Asia, remaining near a one-week low. The U.S. currency slumped the most in almost seven weeks on Friday, after a sharp decline in U.S. consumer confidence reduced the chance of a tighter U.S. Federal Reserve monetary policy. The U.S. dollar index that tracks the U.S. currency against …
The U.S. dollar continues to demonstrate its strength, and it was close to its best result in four months against a basket of currencies as investors looked for more clues from the central bank on its plans to cut monetary stimulus. Data supported the greenback released one day earlier. The U.S. consumer prices posted their …
The Dollar Demonstrated Its Strength On August 13 Read More »
The U.S. dollar fell in early European trading on August 12, as signs of cooling U.S. inflation relieved the pressure on the country’s central bank to start reining in its massive bond-buying program. The dollar index, which tracks the U.S. currency against a basket of six other currencies, traded around 0.1% lower. At 2:15 AM …
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